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Tuesday 05 March 2024
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Investment

AIAL considers retail bond offer 2nd May 2023 /

AIAL considers retail bond offer

Auckland International Airport Limited is considering an offer of fixed-rate bonds to New Zealand retail and institutional investors, maturing in November 2028.


PurePods raises nearly $2.9m 25th October 2022 /

PurePods raises nearly $2.9m

PurePods has raised $2.88m – well above its $2m minimum capital raise target – on crowdfunding platform Snowball Effect.


PurePods hits capital raise minimum as offer nears close 20th October 2022 /

PurePods hits capital raise minimum as offer nears close

PurePods has hit its $2m minimum capital raise target through crowdfunding platform The Snowball Effect.


PurePods capital raise reaches $1m so far 27th September 2022 /

PurePods capital raise reaches $1m so far

Ecotourism business and accommodation provider PurePods has reached more than $1m towards its first capital raise through crowdfunding platform Snowball Effect.


PurePods seeks $4m to expand luxury locations across NZ 18th August 2022 /

PurePods seeks $4m to expand luxury locations across NZ

Luxury eco-cabin accommodation provider PurePods is raising $4m to help develop 100 locations across the country over the next five years.


Perspectives: International investors expected to drive NZ hotel market 10th June 2022 /

Perspectives: International investors expected to drive NZ hotel market

Strong investment demand from domestic buyers over the past two years will be boosted by foreign players this year.


What bankers want to see from operators in the recovery 27th May 2022 /

What bankers want to see from operators in the recovery

There’s no shame in a weak balance sheet after the past couple of years, says Westpac.


RealNZ secures ‘tens of millions’ in capital raise 31st March 2022 /

RealNZ secures ‘tens of millions’ in capital raise

The operator says it has undertaken one of the largest private capital raises in NZ tourism, bringing in a group of new investors.


Stop treating tourism like “a problem that needs fixing” – NZSki’s Anderson 28th March 2022 /

Stop treating tourism like “a problem that needs fixing” – NZSki’s Anderson

The sector needs better infrastructure and increased investment, not misguided criticism, says NZSki’s CEO.


Ski season’s “financial disaster” forces belt tightening, funding support 19th November 2021 /

Ski season’s “financial disaster” forces belt tightening, funding support

Capex is put on hold as operators look to rebuild their balance sheets in 2022.


Post-Covid travel boom predictions prompt investment spree 12th February 2021 /

Post-Covid travel boom predictions prompt investment spree

Overseas investors betting on a post-Covid travel boom are pumping multi-million dollar investments into tourism.


Distressed tourism assets an M&A opportunity for 2021 – report 29th January 2021

Distressed tourism assets an M&A opportunity for 2021 – report

Merger and acquisition activity in 2021 could be driven by distressed tourism and hospitality assets, according to MinterEllisonRuddWatts.


New OIO rules for foreign investors 22nd June 2020 /

New OIO rules for foreign investors

The Overseas Investment Office has been given stronger enforcement powers as it bring in changes affecting overseas investors.


Augusta’s tourism assets face challenges as investor seeks $45m 6th May 2020 /

Augusta’s tourism assets face challenges as investor seeks $45m

The aborted launch of a $70m tourism property fund has “strained” the balance sheet of NZX-listed Augusta Capital, which is seeking $45m from investors.


Augusta takeover canned, tourism fund in limbo 27th March 2020

Augusta takeover canned, tourism fund in limbo

MD Mark Francis says it is too early to know if the investment vehicle will re-launch.


Tourism fund ‘delay’ because of property vehicle launch – Francis 18th February 2020

Tourism fund ‘delay’ because of property vehicle launch – Francis

Augusta has postponed its proposed $70m tourism fund because of the difficulties in managing the launch of two funds at the same time.


Augusta pulls launch of $100m tourism fund 17th February 2020

Augusta pulls launch of $100m tourism fund

The investor has postponed the much-awaited vehicle as it deals with a takeover bid.


Augusta’s $100m tourism fund launch overshadowed by takeover bid 30th January 2020 /

Augusta’s $100m tourism fund launch overshadowed by takeover bid

A bid for the investor comes as it prepares to launch the $100m fund.


Operators to launch “iconic” product following $360m investment 30th January 2020 /

Operators to launch “iconic” product following $360m investment

Operators will be creating new “iconic” cycling and walking product following the Government’s $360m investment into Auckland’s SkyPath and SeaPath projects


Francis’ Augusta sets investment criteria for new tourism fund 15th January 2020

Francis’ Augusta sets investment criteria for new tourism fund

Augusta is anticipating a busy period ahead as it gears up to launch the Augusta Tourism Fund in the first quarter of 2020.


NZ Super Fund checks in to Rotorua 20th December 2019 /

NZ Super Fund checks in to Rotorua

The sovereign wealth fund has increased its exposure to NZ tourism with the purchase of the Holiday Inn.


Tourism growth lures property investor into Otago market 5th December 2019

Tourism growth lures property investor into Otago market

A consortium led by Christchurch’s Box 112 co-founders has snapped up an Otago tourism venture.


Augusta targets Feb 2020 for $100m tourism fund launch 28th November 2019 /

Augusta targets Feb 2020 for $100m tourism fund launch

MD Mark Francis says the new fund will be backed by hotels and possibly other types of tourism infrastructure.


Augusta: Reduced interim earnings expected 25th October 2019 /

Augusta: Reduced interim earnings expected

Augusta has announced it is expecting reduced earnings for the six months ended 30 September 2019.


Govt turns on the TAP; launches attractions prospectus 4th September 2019 /

Govt turns on the TAP; launches attractions prospectus

After more than a year’s work, the Tourism Attractions Programme prospectus is unveiled.


Super Fund checks in to NZ’s $39bn tourism sector 16th July 2019 /

Super Fund checks in to NZ’s $39bn tourism sector

The $42bn sovereign wealth fund has taken a slice of a $300m three-strong hotel portfolio.


Accor’s McGrath: NZ hotel investment, employment under threat 24th June 2019 /

Accor’s McGrath: NZ hotel investment, employment under threat

Foreign and domestic investment into New Zealand’s hotel sector is at risk, says Accor Pacific COO Simon McGrath.


PE firm takes majority stake in NZ Fine Touring 31st May 2019

PE firm takes majority stake in NZ Fine Touring

The multi-million dollar deal brings a new investor to the sector and will help drive the operator’s expansion.


Francis’ Augusta sets c.$100m tourism fund launch for Q3 FY20 27th May 2019

Francis’ Augusta sets c.$100m tourism fund launch for Q3 FY20

Augusta Capital says it is aiming to launch its proposed tourism fund in Q3 FY20 once an operator is secured and a construction contract in place at its Man Street hotel development at Queenstown.


Investor View: Genesis Private Equity’s Nathan Mills 7th May 2019

Investor View: Genesis Private Equity’s Nathan Mills

Following a successful exit from Bachcare, GPE’s Nathan Mills tells us why he’s keen on tourism and what he looks for in an operator.


Tourism projects picked for investment push 1st May 2019

Tourism projects picked for investment push

Nineteen exisiting and proposed attractions and experiences have been earmarked for investment.


Who are the 19 operators? Here’s the full list 1st May 2019

Who are the 19 operators? Here’s the full list

Nineteen Auckland attractions, accommodation providers, tour operators and event production projects have been selected for the city’s first tourism-specific investment push.


Preston’s Bachcare takes UK investment, PE backer Genesis exits 3rd April 2019 /

Preston’s Bachcare takes UK investment, PE backer Genesis exits

Leslie Preston’s Bachcare has secured investment from a UK holiday rental firm which not only paves the way for continued NZ expansion but also puts international growth in its sights.


New tourism private equity fund targets 15-20% returns 22nd March 2019

New tourism private equity fund targets 15-20% returns

A new private equity fund seeking capital for launch and tourism businesses to invest in is targeting 15-20% returns for its investors.


Tourism startup fund preps for launch 22nd February 2019

Tourism startup fund preps for launch

A Queenstown-based seed capital fund targetting tourism ventures around the country plans to launch in July.


Report: Iwi investment in tourism on the rise 11th February 2019 /

Report: Iwi investment in tourism on the rise

Iwi investment in tourism is on the increase as Māori look to deploy capital and diversify their income streams.


Augusta starts ‘warehousing’ tourism assets for fund launch 11th December 2018

Augusta starts ‘warehousing’ tourism assets for fund launch

Augusta Capital has given investors an update on its propopsed tourism fund, which now has two assets valued collectively at $30.5m ‘warehoused’ in the vehicle.


What next for Tamaki Māori Village and its new mega-trust owner? 28th November 2018 /

What next for Tamaki Māori Village and its new mega-trust owner?

The deal marks the first tourism investment for iwi investors Tauhara North No 2 Trust.


Mark Francis’ Augusta splashes $14m on hotel development 26th November 2018 /

Mark Francis’ Augusta splashes $14m on hotel development

The proposed five-star Queenstown hotel will be transfered to the investor’s planned tourism fund.


ATEED’s tourism attractions investment plan 20th November 2018 /

ATEED’s tourism attractions investment plan

The agency is hunting for new ideas and investors to help develop tourism product across Auckland.


Hanmer Springs Thermal Pools unveils $4.3m development plan 20th November 2018 /

Hanmer Springs Thermal Pools unveils $4.3m development plan

The operator is building five new thermal pools and a 13.5m high aquatic ride.


Watch: NZSki announces $35m development plans 1st November 2018 /

Watch: NZSki announces $35m development plans

New high-speed chairlifts and trails, a chondola and summer operations are part of a $35m upgrade programme at The Remarkables and Coronet Peak ski fields, announced by owner NZSki today.


The Rees secures “tens of millions” to fund expansion 10th October 2018 /

The Rees secures “tens of millions” to fund expansion

The private equity cash will fund the Queenstown hotel’s expansion into a “uniquely NZ” boutique, high-end chain.


Marlborough to press on with $2m+ tourism investment 13th June 2018

Marlborough to press on with $2m+ tourism investment

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Turning on the TAP: Plan to drive tourism attraction investment revealed 23rd May 2018

Turning on the TAP: Plan to drive tourism attraction investment revealed

NZ Trade & Enterprise and TNZ are developing the Tourism Attractions Project.