Market News

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

  • More homes wanted around Cornwall Park

    More homes wanted around Cornwall Park

    Intensive housing development on land surrounding Cornwall Park is being proposed. The submission to Auckland Council's Proposed Unitary Plan also seeks the axing of historic and demolition controls, sparking fears of annual lease payment rises.

    Date Jul 2014

    more

  • Environmental group backs Unitec housing plan

    Environmental group backs Unitec housing plan

    An organisation representing 10,000 young Kiwis backs plans for Unitec and Eden Park, saying the city needs more intensive development and young people need housing choices.

    Date Jul 2014

    more

  • Rest home operator Oceania to list - report

    Rest home operator Oceania to list - report

    One of New Zealand's biggest retirement village and rest home operators could be poised to list on the NZX and ASX, seeking to raise up to $300 million, according to the Australian Financial Review.

    Date Jul 2014

    more

  • Ryman adds Tropicana to its portfolio

    Ryman adds Tropicana to its portfolio

    Tropicana, one of the biggest privately owned blocks of land in inner Auckland, has been sold to the retirement giant Ryman Healthcare. The 8.92ha farm in the Lynfield/Mt Roskill area was owned by Wilfred Allen "Bill" Subritzky, now in his late 80s. Ryman confirmed the purchase yesterday in an NZX notice.

    Date Jul 2014

    more

  • Reality TV queen offloads sports bar

    Reality TV queen offloads sports bar

    TV mogul Julie Christie has placed her Auckland Viaduct-based sports bar on the market, along with her extensive personal collection of sports memorabilia. The Herald can reveal the move follows the Touchdown Productions founder's decision to switch her focus from television and hospitality interests and concentrate on a workplace drug-testing business.

    Date Jul 2014

    more

  • Brian Rudman: Cement traps us in the bad old days

    Brian Rudman: Cement traps us in the bad old days

    Plan for giant waterfront silos clashes with Super City aim of giving us all a say in way our city is developed

    Date Jul 2014

    more

  • Proposal opens up Queens Wharf

    Proposal opens up Queens Wharf

    Public space with stunning views counters plan for commercial buildings. The western side of Queens Wharf could become open space as part of plans for the downtown waterfront area. Waterfront Auckland wants to demolish the Cloud and ferry facilities to open up the western side of the "people's wharf".

    Date Jul 2014

    more

  • Canadians in $1 billion property buy

    Canadians in $1 billion property buy

    Opportunities in the portfolio for further NZ expansion, says AMP Capital The new Canadian owners of the $1 billion real estate fund have opportunities to expand in New Zealand by further investing in real estate assets at Botany, Manukau, Tauranga and Christchurch, according to the man in charge of managing the business.

    Date Jul 2014

    more

  • AMP Capital sells $1b of buildings offshore

    AMP Capital sells $1b of buildings offshore

    AMP Capital Investors has agreed to sell 18 New Zealand properties worth more than $1 billion to Canada's Public Sector Pension Investment Board.

    Date Jul 2014

    more

  • Agribusiness Report: Foreign purchases and rural property

    Agribusiness Report: Foreign purchases and rural property

    It is difficult to determine if the purchase of rural properties by foreigners is a catalyst for higher rural land prices, but data supplied by the Overseas Investment Office (OIO) contains surprises -- like the tiny Grand Duchy of Luxembourg and principality of Monaco having received OIO approval to "invest" in more New Zealand land during the past five years than much-maligned China.

    Date Jul 2014

    more

  • NZ fourth globally for real estate market transparency

    NZ fourth globally for real estate market transparency

    New Zealand has been placed fourth in the world in the "highly transparent" category of JLL's biennial Global Real Estate Transparency report (Greti).

    Date Jun 2014

    more

  • Big tourism complex on market

    Big tourism complex on market

    Rotorua's second biggest tourist accommodation specialist, Kiwipaka, is on the market for the first time since it was built in 1986. The complex was opened by Doug and Bev McLeay after Doug picked up scores of hitchhikers and realised there was nowhere cheap for them to stay in Rotorua.

    Date Jun 2014

    more

  • Sitting or standing, it's a great chance

    Sitting or standing, it's a great chance

    A central Auckland commercial property with a new lease to one of New Zealand's largest office furniture suppliers and offering longer term redevelopment potential is for sale as part of Bayleys' latest Total Property portfolio.

    Date Jun 2014

    more

View all