News

Bringing you the latest commercial property market news from NZ Herald and TrueCommercial.

  • Bayleys year ends with a bang

    Bayleys year ends with a bang

    The sale of 28 commercial and industrial properties at auctions across the North Island has capped off one of the strongest years ever for Bayleys Real Estate’s commercial and industrial business. The final Total Property portfolio auctions for 2014 in Auckland, Tauranga, Rotorua and Wellington saw 47 properties put up for sale with a clearance rate of over 60 per cent so far producing sales with a total value of nearly $37 million.

    Date Dec 2014

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  • Around the Block

    Around the Block

    CBRE has welcomed back Matthew Barnes as senior negotiator to its industrial and logistics services agency team, based in CBRE’s South Auckland office. Barnes comes from commercial banking at Westpac where he oversaw many key accounts in the property sector. He previously worked at CBRE in the office services team and will now focus on industrial sales and leasing in the Penrose and Onehunga area.

    Date Dec 2014

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  • LINK opens Northland office

    LINK opens Northland office

    Veteran business broker Michael Osborne is pictured at the opening a new office in Northland for LINK at 3 Otaika Road, Whangerei. Osborne says the office will comprise three full-time brokers, with expertise in hospitality and general business sales.

    Date Dec 2014

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  • CBRE is on top of the world

    CBRE is on top of the world

    CBRE New Zealand has won the title of World’s Best Property Consultancy at the international property awards presented in Dubai. “This award demonstrates the high standards to which Kiwi businesses are performing on the global stage,” says Brent McGregor, CBRE’s senior managing director New Zealand.

    Date Dec 2014

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  • Wallace wins website wheels

    Wallace wins website wheels

    Ben Wallace of Bayleys Real Estate behind the wheel of a Maserati Ghibli car which he will drive for the next six months. Pictured with Wallace are James Berry, general manager of Maserati Auckland and Sarah Dyer of NZME

    Date Dec 2014

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  • Argosy leases to Studio Italia

    Argosy leases to Studio Italia

    NZX listed property company Argosy has leased 1090 sq m of high stud and mezzanine showroom space at 25 Nugent St in central Auckland to Studio Italia Limited which specialises in the sale of Italian furniture, wardrobes and kitchens. The long term lease was negotiated by Ben Wallace of Bayleys Auckland with Studio Italia also having the right to renew for an extended period, meaning this high profile site is likely to be the home of Studio Italia for quite some time.

    Date Dec 2014

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  • High profile Epsom retail unit ready to occupy

    High profile Epsom retail unit ready to occupy

    A vacant Epsom street level property opposite Alexandra Park Raceway is for sale for the first time in 20 years after being run as a successful family-owned bar and brasserie for the past 18 years. The unit at 373 Manukau Rd is being marketed by Nicolas Ching and Anna Toyota of NAI Harcourts Auckland Central and will go under the hammer at 11 am on December 18 at NAI Harcourts office at 18 Emily Place, Auckland, if not sold beforehand by negotiation.

    Date Dec 2014

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  • Five star Rotorua award winning boutique hotel

    Five star Rotorua award winning boutique hotel

    The multi-award winning five-star Regent of Rotorua hotel complex at 1181-1191 Pukaki St with its own thermal bore to heat the property and spa is being offered for sale as a freehold property and going concern business “This is Rotorua’s newest, and arguably best designed, centrally-located, boutique hotel,” says Sharene Temple of Sotheby’s International Realty who is selling it by negotiation.

    Date Dec 2014

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  • Big New Lynn urban renewal site on market

    Big New Lynn urban renewal site on market

    A large piece of Mixed Used land has been put on the market in New Lynn, West Auckland, presenting a significant opportunity develop a major urban renewal project in an area of Auckland that is attracting private and public sector funding and priority. “This sale of the 5.68 hectares of land at 5 Clinker Place coincides with Auckland lacking large, vacant and ready-to-develop spaces,” says Brent McGregor, senior managing director of CBRE.

    Date Dec 2014

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  • Northland lodge set to profit from tourism surge

    Northland lodge set to profit from tourism surge

    Wai Hou Oma Lodge, located about 25 minutes' north of Dargaville and the only four star Qualmark rated lodge on Northland’s west coast, has been placed on the market for sale ahead of an anticipated sizeable growth in tourist numbers visiting the region. The boutique luxury accommodation provider at 357 Kai Iwi Lakes Rd on State Highway 12 comprises four stand-alone units and an additional studio room attached to the owner/operator’s residence.

    Date Dec 2014

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  • Award winning winery’s block for sale

    Award winning winery’s block for sale

    An established Hawke’s Bay vineyard owned and operated by the well-known and award winning Villa Maria winery on the edge of Hastings has been placed on the market for sale. Karamu Vineyard is strategically located on a high-profile site at 236 State Highway 2 in Mangateretere and is also close to Napier and Havelock North.

    Date Dec 2014

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  • Local investors lead landmark buys

    Local investors lead landmark buys

    New Zealand buyers were responsible for three of four recent high profile Auckland CBD sales valued at more than $200 million dollars that have been completed by Colliers International’s corporate and institutional sales team. The three major CBD local purchases were: the sale by Precinct Properties of the SAP Tower at 151 Queen St to Robert Jones Holdings for $97 million; the sale by Shortland Management of the General Building at 29-33 Shortland Street to a private Auckland investor for an undisclosed sum; and the purchase by Mansons TCLM of the 4258 sq m New Zealand Herald site at 46 Albert Street from interests associated with Steve Owen.

    Date Dec 2014

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  • Hobsonville developer seeks to land partners

    Hobsonville developer seeks to land partners

    The Landing at Hobsonville Point, an historic piece of Waitemata Harbour waterfront which served as the historic base for Sunderland flying boat air services to the Pacific, is one of four development lots within three precincts coming onto the market. The waterfront property is part of Hobsonville Land Company’s latest release of development precincts for which it is seeking development partners.

    Date Dec 2014

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  • Retail site best block in the bay

    Retail site best block in the bay

    An Auckland suburban retail block with six tenants and significant opportunities for development is for sale for the first time in 20 years on a premium corner location near the Blockhouse Bay shopping centre. Marketed by Adam White and Oscar Kuang of Colliers International, the single titled, 1158 sq m property at 507-509 Blockhouse Bay Rd will be auctioned at 11 am on Tuesday, December 16 at Colliers’ auction room at 151 Queen St, Auckland, unless it sells earlier by negotiation.

    Date Dec 2014

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  • An oldie but goodie … quiet location enhances multiple options

    An oldie but goodie … quiet location enhances multiple options

    An older Mt Eden vacant, mixed use warehouse and office complex in the Auckland city fringe presents multiple options for its buyer including eventual redevelopment into an apartment complex. Peter Kermode and Jonathan Lynch of Colliers International are marketing the industrial property at 14D Haultain St for sale by auction at 11 am on Tuesday December 16 unless it sells earlier by negotiation.

    Date Dec 2014

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  • Fiji beach resort has top tourist ratings

    Fiji beach resort has top tourist ratings

    A four star tourism complex on the northern tip of Fiji’s main island of Viti Levu is up for sale offering a new owner the opportunity to build on an already successful resort operation. The Wananavu Beach Resort, set on 6.9 ha of picturesque waterfront land off Volivoli Rd near Rakiraki township, comprises 34 villas, a restaurant, bar, spa and marina with an associated dive operation. Expressions of interest are being sought in Wananavu’s land, buildings and business through Chester Rendell, a tourism and waterfront specialist in Bayleys Auckland office and Susan Pritchard of Bayleys Fiji.

    Date Dec 2014

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  • Balmy lifestyle beckons at Buffalo Beach

    Balmy lifestyle beckons at Buffalo Beach

    The management rights for Admiralty Lodge. the only Qualmark five star rated motel in Whitianga on the east coast of Coromandel Peninsula, are being offered for sale by Dave Peryman of Affiliated Business Consultants. Peryman says the sale for a total asking price of $895,000 includes a freehold two bedroom manager’s residence.

    Date Dec 2014

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  • Several options for closed retirement home

    Several options for closed retirement home

    A recently closed retirement home in Gisborne is for sale with vacant possession offering a purchaser the prospect launching another commercial enterprise or subdividing a 7000 sq m freehold site into a dozen or more sections in one of the city’s most popular residential areas. Karen Raureti, sales manager for Bayleys Gisborne says the property at 17 Albert St will be taken to auction next Friday December 12.

    Date Dec 2014

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  • Napier art deco building has three tenants

    Napier art deco building has three tenants

    The Chisholm Building, an award-winning art deco block of shops that was built following the 1931 Napier earthquake, has been placed on the market in Hawkes Bay offering split risk rental income. The building at 128 Dalton St, Napier, is split into three well established retail tenancies which generate a combined net annual income of $83,052 plus GST.

    Date Dec 2014

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  • Industrial sites in demand in ‘unexplored’ Otara

    Industrial sites in demand in ‘unexplored’ Otara

    Another large warehouse and office complex, fully leased to Trans-Space Doors Limited in Otara, is for sale following a number of recent transactions in the south Auckland suburb which is becoming a popular industrial location. Tim Boyle and Nikolai Vulinovich of CBRE have been appointed sole agents to market the 2118 sq m facility on a freehold 3594 sq m Business 5-zoned site at 12-16 Lovegrove Crescent with expressions of interest sought before Christmas.

    Date Nov 2014

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