Market News
Bringing you the latest commercial property market news from NZ Herald and TrueCommercial.
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Wellington site has plans for 22-storey building
In Wellington’s CBD, freehold properties held in three contiguous titles across a total land area of 313sq m are for sale.Date Sep 2017
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Tauranga CBD site has redevelopment potential
A large site, comprising 2019sq m of freehold land occupied by a single-storey building with three commercial tenancies, is for sale in Tauranga’s central business district (CBD).Date Aug 2017
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Airport Oaks office-warehouse for sale
A large office-warehouse comprising a 5000sq m development site, plus drive-through truck access, is being offered for sale or lease in Airport Oaks, Mangere.Date Aug 2017
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Huge commercial growth out West
Commercial property transactions in West Auckland last year totalled $380.5 million with industrial sales at $198.6m comprising the biggest single commercial sector says new research.Date Aug 2017
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Dargaville livestock transport company
Roydons Mamaranui Transport, formed in 1964 and operated as a family business in Dargaville for the past 53 years, is now for sale.Date Aug 2017
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Waikato nursery blooms in growth mode
One of New Zealand’s most productive chrysanthemum hothouse nurseries is for sale in the Waikato township of Kerepehi.Date Aug 2017
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Office market outpaces other sectors
New Zealand’s office market is outpacing other commercial property sectors with exceptionally strong sales and record low vacancy rates, Colliers International research shows.Date Aug 2017
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Modern Hawke’s Bay dairy farm for sale
An opportunity to obtain a high-profile dairy farm in Central Hawke’s Bay is being marketed by Colliers International Rural and Agribusiness.Date Aug 2017
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Grand old Te Aroha lady dates to 1881
The land and buildings housing one of Waikato’s grandest country pubs — featuring a 136-year-old Category 1 listed venue — are now for sale.Date Aug 2017
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Hamilton building has impressive yield prospect
A substantial site in a prime retail position on Victoria St in Hamilton’s CBD is expected to provide the next owner with an income yield of in excess of 12 per cent.Date Aug 2017
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Queenstown Central pitched at locals and tourists
Artisan food outlets, local retailers and national brands have signed on as tenants of a retail development that will serve Queenstown’s fast-growing local market.Date Aug 2017
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Positive - with cautionary notes
Heads of commercial agencies are generally upbeat about 2017 but... Says Colin TaylorDate Jan 2017
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Waikiki's colossal kiwi tree
The Kiwi planted banyan tree in Hawaii has grown to attract a half-billion (US) dollar development.Date Dec 2016
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BDO Centre buildings syndication tops $50m
NZME is the largest tenant in one of the high profile buildings successfully syndicated.Date Dec 2016
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Millennium business park to be syndicated
Wholesale investment office syndication is New Zealand’s biggest ever, reports Colin Taylor. The Millennium Centre business park in Greenlane, which has just been purchased unconditionally by Oyster Property Group in New Zealand’s biggest ever single office transaction, is now to be syndicated by the commercial fund and property manager.Date Oct 2016
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Auckland Transport to lease Vodafone building
Goodman (NZ) Ltd has announced that Auckland Transport will lease the distinctive Auckland CBD office building on the corner of Fanshawe and Halsey Streets in the Wynyard precinct in which Vodafone is the key tenant. The 14,085sq m building, renamed VXV20 and noted for its sweeping, curved glass facade, is on the opposite corner from the Fonterra Centre and will be extensively refurbished prior to the commencement of the new nine year lease to Auckland Transport in November next year.Date Sep 2016
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Airport space demand hits ‘extraordinary heights’
CBRE is marketing several large industrial properties for lease along with large blocks of land for sale around the Auckland Airport area in Mangere where occupier demand remains high. The industrial land on offer is within the Auckland International Business Park at Mangere and comprises two freehold sites of 1..2 and 2.4 hectares while the properties for lease are in The Landing and the Westney Precinct.Date Jun 2016
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Bidders snap up Fonterra Farm Source stores in hotly contested auctions
Six Fonterra Farm Source stores sold at auctions around the North Island last week after generating strong bidding competition from investors. The properties, auctioned by Bayleys and jointly marketed with CBRE’s director of agribusiness Jeremy Keating, sold at a total value of $9.9 million, with eight-year lease backs to RD1, a wholly owned subsidiary of Fonterra, from their settlement date, July 23.Date Jun 2016
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Auckland a ‘new world’ for global property investors
Auckland often has an impressive placing as a ‘new world city’ in global rankings of major metropolitan centres that are attractive to real estate investors, says Dr Megan Walters, head of research for JLL’s Asia Pacific Capital Markets business, based in Singapore. Dr Walters is one of 86 presenters invited to speak at Tech Week that comprised 55 events held in Auckland from May 14-22. A Fellow of the Royal Institution of Chartered Surveyors, she has more than 25 years’ experience in real estate.Date May 2016