Auckland’s 45 year-old maximum security prison at Paremoremo is to get a makeover under a public-private partnership contract that is expected to be worth more than $200 million. Corrections Minister Anne Tolley announced the planned upgrade today, saying the facility needed to be modernised to improve the ability to manage difficult prisoners, provide better mental health care, and to take …

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Infrastructure investor Infratil and the New Zealand Superannuation Fund have taken cornerstone stakes in retirement village operator and developer Metlifecare, announcing purchases equivalent to 36.9 percent of the company and taking their joint holdings to 39.8 percent. Infratil took the larger stake, 19.9 percent, while the Super Fund topped up its existing holding by a further 17 percent to 19.9 …