Market Information and Analysis

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

  • Queenstown’s new retail centre leased up fast

    Queenstown’s new retail centre leased up fast

    Eighteen months after the first tenants opened their doors, Queenstown’s The Landing shopping and commercial centre is now fully leased reflecting a booming Queenstown population and skyrocketing tourism numbers. The Landing consists of 19 shops adjacent to Remarkables Park Town Centre’s 55-plus businesses and Queenstown Airport, and forms a new commercial and retail hub for the Queenstown Lakes district.

    Date Aug 2016

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  • Matua winery among nearly $50m of sales

    Matua winery among nearly $50m of sales

    The sale of the Matua winery in Waimauku, along with the Emerald and Quest Hotels in Gisborne and New Plymouth; and a number of motels, are among close to $50 million of hospitality and tourism accommodation transactions recently concluded by Bayleys. The largest transaction was the Matua Vineyard and winery and the 31.68ha of land it occupies in Waikoukou Valley in West Auckland.

    Date Aug 2016

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  • RECENT DEALS for July 30

    RECENT DEALS for July 30

    True Commercial's recent deals for July 30 ...

    Date Jul 2016

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  • Vinta launches new fund with capital trio

    Vinta launches new fund with capital trio

    Property group Vinta Funds Management Limited, one of the largest fully integrated private property groups in Australia and New Zealand, is launching a new $121,230,000 direct, open-ended and wholesale unlisted property fund targeted at New Zealand wholesale investors. “Seed assets for the fund will comprise three top quality Wellington CBD office buildings,” says Simon Donohoe, Head of Distribution for Vinta. They are:

    Date Jul 2016

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  • The Orange complements its predecessor

    The Orange complements its predecessor

    “The Orange” is kind of grand play on words, a vibrant commercial building acting as a backdrop to Auckland’s historic Orange Coronation Hall, at 145 Newton Rd. Having scooped the Heritage Award at the 2016 Auckland Architecture Awards, developers Dominion Construction Ltd have sent a message to Auckland City’s other providers of commercial space — which seems to be “lighten up”.

    Date Jul 2016

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  • RECENT DEALS for July 25

    RECENT DEALS for July 25

    True Commercial's recent deals for July the 25th ...

    Date Jul 2016

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  • Fear of ‘missing out’ hikes office market

    Fear of ‘missing out’ hikes office market

    A lack of commercial office property stock and competitive pricing is being fuelled by owner-occupiers, ‘yield-hungry’ investors and syndicators, says a new report published by Colliers International. Within the publication entitled Auckland Metropolitan Office 2015 - Taking care of businesses, Chris Dibble, Colliers’ director research and consulting, says some investors view the new price levels as “untenable”.

    Date Jul 2016

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  • Commercial property sales up nationwide

    Commercial property sales up nationwide

    Growth in regional economies is working its way into commercial and industrial property markets. Bayleys Research national manager Ian Little said this was reflected in an increase in the value of commercial and industrial sales outside Auckland to $3.587 billion in 2015, up 47 per cent on $2.441b of transactions in 2014.

    Date Jul 2016

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  • Medical property sector growing and changing

    Medical property sector growing and changing

    There’s plenty of activity in the medical and health property market in New Zealand currently with specialist medical hubs being built, doctors’ practices being relocated within major shopping centres, and large scale health-centric developments changing ownership. In a recent report, Australian consulting firm Urbis identified that the private sector has benefited from increases in wealth, an expansion of private medical insurance, concern about the adequacy of services and waiting times at public hospitals, and a growing awareness in the community of health-related issues.

    Date Jul 2016

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  • Demand feeds Porana Rd bidding frenzy

    Demand feeds Porana Rd bidding frenzy

    A record number of bids on a North Shore warehouse in need of remedial work, sub-five per cent yields on several Auckland retail offerings and one of New Plymouth’s largest ever commercial sales were features of Bayleys’ latest round of Total Property across the North Island. More than $32 million of sales were recorded at auctions held in Auckland, Tauranga, Hamilton and New Plymouth.

    Date Jul 2016

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  • RECENT DEALS for July 18

    RECENT DEALS for July 18

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

    Date Jul 2016

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  • Auckland is a construction ‘boom’ town

    Auckland is a construction ‘boom’ town

    The future has never looked rosier for the commercial property construction sector which is ‘booming’ in Auckland and simultaneously across multiple market sectors at an unprecedented rate, says John Church, national commercial director Bayleys Real Estate. “This construction underpins commercial property requirements for additional offices, industrial and retail premises, as well as infrastructure like roads, schools and hospitals to support Auckland’s fast-growing number of residents,” Church says.

    Date Jul 2016

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  • New roading drives Wellingon’s future industrial growth

    New roading drives Wellingon’s future industrial growth

    Over $2.6 billion worth of new roading infrastructure is set to reinvigorate some of the Wellington region’s established industrial precincts and could provide the catalyst for the significant expansion of new precincts north of the city, says Bayleys Research in an overview of the region’s industrial property market. The Northern Corridor motorway, now under construction and incorporating 60 kilometres of new State Highway One (SH1) roading between central Wellington and Levin, should provide a much improved connection between the Capital and the lower North Island, says Ian Little, national manager of Bayleys Research. “The new roading will significantly enhance the potential of new northern business precincts particularly on the Kapiti Coast,” Little says.

    Date Jul 2016

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  • Industrial drought affecting tenants and purchasers

    Industrial drought affecting tenants and purchasers

    A critical lack of industrial premises in some locations around the country is having significant impacts on tenants and purchasers, says a report by Colliers International. Tenants searching for new or larger space are struggling to find suitable premises to work from while purchasers are struggling to find good stock to buy, says Colliers’ latest New Zealand Industrial Report.

    Date Jul 2016

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  • RECENT DEALS for July 4

    RECENT DEALS for July 4

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

    Date Jul 2016

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  • Commercial property momentum rolls on

    Commercial property momentum rolls on

    The momentum driving New Zealand’s commercial property market shows no sign of nearing an end, says a new report by the Capital Markets team of Colliers International contained in the agency’s third portfolio publication for the year. Released to the market yesterday and entitled Global Reach, the agency’s 52-page portfolio magazine features listings covering all commercial property sectors including industrial, office, rural and retail offerings.

    Date Jul 2016

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  • RECENT DEALS for June 29

    RECENT DEALS for June 29

    True Commercial's recent deals for June 29...

    Date Jun 2016

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  • Queenstown hotel sale price ‘more than $15m’

    Queenstown hotel sale price ‘more than $15m’

    Queenstown’s Tanoa Aspen Hotel and associated property holdings has sold, apparently realising a purchase price of more than $15 million. The 73-room hotel, with stunning lake and mountain views — with 5778sq m of development land, four residential properties and two adjoining apartments — has been purchased by a New Zealand-based investor.

    Date Jun 2016

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  • Otahuhu emerging as favoured locality

    Otahuhu emerging as favoured locality

    Following years of neglect, Otahuhu — which is just 13km from Central Auckland — is coming into its own as a place to live and do business, says Mangere-Otahuhu Community board chairwoman Lydia Sosene. Commercial developments such as The Hub precinct, at 225 Great South Rd, are playing a big part in this process and Otahuhu has also benefited from Auckland Council investing heavily in local infrastructure,” she adds.

    Date Jun 2016

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  • Big movers shake things up in CBD

    Big movers shake things up in CBD

    For the first time in years, Auckland central business district office space is becoming available to medium to large-sized companies. Colliers International says that as major office towers are planned, some corporations are moving to city-fringe offices, while others are rationalising space requirements.

    Date Jun 2016

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