Market Information and Analysis

TrueCommerical brings you the latest Market Information and Analysis from the commercial property market.

  • RECENT DEALS for May 4

    RECENT DEALS for May 4

    True Commercial's recent deals for May 4...

    Date May 2016

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  • The regions: ‘not just about the milk’

    The regions: ‘not just about the milk’

    Despite the downturn in the dairy market, regional commercial and industrial property markets have been performing strongly and are expected to continue to do so, says John Church, Bayleys national director commercial. Church says one of the most pleasing aspects of Bayleys Commercial’s strong performance in its latest March financial year, with revenue exceeding budget by around 25 per cent, has been the contributions coming from regional offices outside of the metropolitan centres.

    Date Apr 2016

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  • Augusta’s Aussie buildings promise great returns

    Augusta’s Aussie buildings promise great returns

    A large Queensland industrial property with two long-term leases to established Australian tenants — which provide annual rental growth of 3.5 and 4 per cent — is being syndicated by Augusta Funds Management Ltd in its latest Australian offering to New Zealand investors. The property at 76 Quinns Hill Rd, Stapylton, on an approximately 4.117ha site near a major freight route between Brisbane and Surfers Paradise, comprises two freestanding high-stud modern warehouses built in 2011.

    Date Apr 2016

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  • RECENT DEALS for April 26

    RECENT DEALS for April 26

    True Commercial's recent deals for April 26...

    Date Apr 2016

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  • Big bidding at Total Property auction

    Big bidding at Total Property auction

    Strong competition for a variety of commercial and industrial properties at Bayleys’ first Total Property portfolio auction for the year resulted in a 90 per cent clearance rate with all but one of 11 offerings selling at or before the auction, many at very low yields. Of the eight investment properties that sold, four sold at yields of under five per cent and two between five per cent and 5.5 per cent.

    Date Apr 2016

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  • RECENT DEALS for April 18

    RECENT DEALS for April 18

    True Commercial's recent deals for April 18...

    Date Apr 2016

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  • New Queenstown Ramada hotel opens soon

    New Queenstown Ramada hotel opens soon

    The Ramada Hotel & Suites Remarkables Park is set to open in June as Queenstown’s first new hotel in five years. Situated in the high profile extension of Remarkables Park Town Centre, the hotel features commanding views of The Remarkables mountains, Coronet Peak and other mountains surrounding Queenstown.

    Date Apr 2016

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  • RECENT DEALS for April 9

    RECENT DEALS for April 9

    True Commercial's recent deals for April 9...

    Date Apr 2016

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  • Tauranga hotel’s new owner plans spruce-up

    Tauranga hotel’s new owner plans spruce-up

    A major Wellington-based property investment group has bought Tauranga’s Hotel Armitage and intends to upgrade and enlarge it. The 81-room hotel on the corner of Willow St and Park St had just finished major earthquake strengthening to bring it up to A-grade seismic strength.

    Date Apr 2016

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  • Motorway off-ramp building sells for over $10 million

    Motorway off-ramp building sells for over $10 million

    Ever imagined a functional-looking building on a motorway off-ramp could be as exciting to investors as a Goldie painting, or bottle of Romanee-Conti brandy? If not, maybe you should get out more, because the prosaic structure on Auckland’s Nelson St off-ramp (pictured right) has just changed hands for more than $10 million.

    Date Apr 2016

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  • Industrial space shortage sends firms to search afar

    Industrial space shortage sends firms to search afar

    Lack of Auckland prime space is forcing industrial companies to look further afield to meet their larger footprint space needs, says CBRE’s latest Auckland Industrial Marketview Snapshot. The agency’s research shows that Auckland industrial space available for lease has been continuously decreasing in the last two years with prime industrial vacancy now sitting at a miniscule 0.6 per cent.

    Date Apr 2016

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  • RECENT DEALS for April 2

    RECENT DEALS for April 2

    True Commercial's recent deals for April 2...

    Date Apr 2016

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  • Confidence at highest level for two years

    Confidence at highest level for two years

    The latest Commercial Property Investor Confidence Survey by Colliers International shows that confidence among most of the country’s investors is at its highest level for two years. The survey shows investor sentiment has built on the growth in confidence achieved late last year and is now at a two-year high.

    Date Apr 2016

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  • Fuji Xerox Queenstown moving to The Landing

    Fuji Xerox Queenstown moving to The Landing

    Fuji Xerox New Zealand Limited (FXNZ) is to relocate its Queenstown facility and will open a flagship showroom, sales and service centre at The Landing in the Frankton shopping area at the end of April. The new centre will be located between Queenstown Interiors and Remarkable Physios at The Landing which is close to Queenstown Airport and near the large Remarkables Park retail centre.

    Date Mar 2016

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  • RECENT DEALS for March 26

    RECENT DEALS for March 26

    True Commercial's Recent Deals for March 26...

    Date Mar 2016

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  • Landmark Christchurch building sells

    Landmark Christchurch building sells

    A landmark Christchurch city building, occupied by law firm Saunders & Co and popular nightspots Mexicano’s and The Dirty Land, has been sold for $11 million to a private investor through Jonathan Lyttle of Savills Real Estate. “This sale represents a low 6.97 per cent yield, shows there is plenty of appetite for strongly-tenanted investment properties in good locations,” Lyttle says.

    Date Mar 2016

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  • RECENT DEALS for March 19

    RECENT DEALS for March 19

    True Commercial's recent deals for March 19...

    Date Mar 2016

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  • Bethlehem’s Kmart opening marks end of big project

    Bethlehem’s Kmart opening marks end of big project

    A new Kmart store is due to open its doors soon as part of the $15 million redevelopment of the Bethlehem Town Centre in Tauranga which is nearing completion. The Kmart, which joins Countdown as the centre’s anchor tenant, is scheduled to start trading next Thursday March 24 and will be operate seven days a week from 8am until midnight.

    Date Mar 2016

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  • Sports star buys Mt Wellington centre

    Sports star buys Mt Wellington centre

    An anonymous international sports star has bought a new retail development in the Auckland suburb of Mt Wellington. The retail centre at 200 Mt Wellington Highway is anchored by National Childcare on a 20-year lease with built-in Consumer Price Index rental reviews. The majority of the remaining leases are to well-established national or international retail brands including Tank, Sals Pizza and Zambrero.

    Date Mar 2016

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  • $4.5bn liability could impact commercial leases

    $4.5bn liability could impact commercial leases

    Anyone leasing office space, retail premises or industrial property needs to get to grips with a $4.5 billion liability that could affect their business. That’s the advice from commercial real estate giants CBRE who say that, while IFRS 16 may not have the most exciting name, it is a new international accounting standard demanding attention from many New Zealand businesses.

    Date Mar 2016

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