Qestral Corporation’s Coastal View Lifestyle Village will open its doors early next year, the aged care village developer’s first foray into Nelson at a cost of $190 million.

Spritely was recently named winner of the Best Digital Innovation category at the NZ Broadband awards. This is great recognition for the team as well as their partners and customers that consistently rate Spritely as an essential part of their daily lives.

While retirement villages across New Zealand are locked down to reduce the risk of spread of Covid-19, new technology is allowing them to be more connected than ever.

Direct Capital and ACC have collectively bought half of Mondiale, New Zealand’s largest privately-owned freight forwarder, for a confidential sum. The purchase was Direct Capital’s first investment from its newest fund, Direct Capital VI, which raised $425 million in March.

New Zealand’s largest privately-owned freight forwarder, Mondiale (www.mondiale.co.nz), has announced that it has secured growth capital with the introduction of new shareholders, Direct Capital and ACC. Mondiale’s founders and management will continue to retain a 50% shareholding in the business.

Direct Capital successfully launched a $425m fund in February – just as the coronavirus pandemic started to impact New Zealand – capping it in just over seven weeks.

Māori direct investment fund Te Pūia Tāpapa has made its first investment, with the target company TR Group’s managing director “absolutely rapt” with its new partner.

New Zealand’s largest heavy vehicle rental and lease company TR Group has announced new cornerstone investments by Direct Capital, NZ Super Fund and iwi investment vehicle Te Pūia Tāpapa, with whom NZ Super Fund has a preferred investment partner relationship.

Collectively the three investors have acquired 31 percent of the business and join the founders, Managing Director Andrew Carpenter and the Carpenter family, to support TR Group’s growth in New Zealand and Australia.