Market Information and Analysis

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

  • 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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  • RECENT DEALS for March 12

    RECENT DEALS for March 12

    Paul Charman's recent deals for March 12th...

    Date Mar 2016

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  • Rapid fire bids a feature of Bayleys auction

    Rapid fire bids a feature of Bayleys auction

    Further evidence the strong momentum that has been evident in the Auckland commercial and industrial property for the last two years has continued into 2016 was provided by Bayleys first portfolio auction for the year which generated strong bidding across a wide range of properties. Bayleys senior commercial auctioneer Richard Valintine says while there were only 11 properties up for auction, with three vacant premises having sold prior, there was a very big crowd in attendance and multiple bids on most offerings.

    Date Mar 2016

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  • Bayleys’ top tips on Auckland ‘hot spots’

    Bayleys’ top tips on Auckland ‘hot spots’

    The 'hot spots' of Auckland, according to John Church of Bayleys

    Date Mar 2016

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  • Auckland’s North Shore comes of age

    Auckland’s North Shore comes of age

    People may be sitting on a property that’s worth more than they realise. In many cases, they can get more for it than they think they can. David Mayhew The commercial property market on the North Shore has matured, as the lack of greenfields space in key areas forces land values ever higher, commercial property company JLL says.

    Date Mar 2016

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  • Wellington anticipating another capital year

    Wellington anticipating another capital year

    Favourable market conditions that fuelled a very buoyant year for Wellington’s commercial and industrial property sector in 2015 look set to continue this year, says Mark Hourigan, managing director of Bayleys Capital Commercial. Writing in Bayleys latest Greater Wellington magazineHourigan says that last year was the best year that the Wellington commercial and industrial property sector has experienced since the Global Financial Crisis knocked the stuffing out of the market way back in 2008.

    Date Mar 2016

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  • RECENT DEALS for March 5

    RECENT DEALS for March 5

    Paul Charman's recent deals for March 5...

    Date Mar 2016

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  • RECENT DEALS for February 27

    RECENT DEALS for February 27

    Colin Taylor's recent deals, for February 27...

    Date Feb 2016

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  • Christchurch buyers have cash but no properties

    Christchurch buyers have cash but no properties

    Savills Real Estate in Christchurch believes local private investors are sitting on over $100 million in cash which they want to use to buy central Christchurch commercial property priced under $2 million. “Investors making inquiries about several of our recent property offerings have told us they want to add commercial property to their portfolios but they can’t find buildings that meet their requirements,” says Jonathan Lyttle, managing director of Savills’ Christchurch office. “The supply of smaller commercial buildings in central locations, leased to one or two tenants on good lease terms, has become very limited since the earthquakes.”

    Date Feb 2016

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  • Big sales symbolise Parnell’s resurgence

    Big sales symbolise Parnell’s resurgence

    The sale of two office buildings along Parnell Road for a combined total of nearly $19.9 million is indicative of Parnell as a re-emerging city fringe market, says Henry Thompson, investment broker for Whillans Realty Group. “Parnell is once again becoming one of Auckland’s most sought after retail and commercial precincts and these two big transactions are evidence of Parnell’s resurging and active status,” Thompson says.

    Date Feb 2016

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  • RECENT DEALS for February 20

    RECENT DEALS for February 20

    Colin Taylor's recent deals for February 20

    Date Feb 2016

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  • Global brands boost demand for CBD retail space

    Global brands boost demand for CBD retail space

    A growing number of retailers are vying for Kiwi buyer dollars and the demand remains strong for prime retail central city space, says Ed Donald, senior retail salesperson for Bayleys. “Clothing stores H&M and Zara have recently committed to Sylvia Park in Auckland and a number of other well-known international retailers are coming or are on the verge of coming to New Zealand,” Donald says.

    Date Feb 2016

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  • RECENT DEALS for February 13

    RECENT DEALS for February 13

    Colin Taylor's recent deals for February 13

    Date Feb 2016

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  • RECENT DEALS for February 6

    RECENT DEALS for February 6

    Colin Taylor's recent deals for February 6

    Date Feb 2016

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  • Prediction for another buoyant year ahead

    Prediction for another buoyant year ahead

    The very strong momentum that was evident in the Auckland commercial and industrial property market in late 2015 looks set to continue into 2016, says John Church, national director, commercial for Bayleys. “The performance of the commercial property market is closely aligned to a number of key economic indicators and these are looking good for another buoyant year for Auckland commercial property investors,” Church says in his introduction to Greater Auckland magazine which launches Bayleys’ first commercial and industrial portfolio marketing initiative for the year.

    Date Jan 2016

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  • RECENT DEALS for January 30

    RECENT DEALS for January 30

    Colin Taylor's recent deals for January 30

    Date Jan 2016

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  • RECENT DEALS for January 23

    RECENT DEALS for January 23

    Colin Taylor's recent deals for January 23

    Date Jan 2016

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