Market News

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

  • A billion dollars in deals in six months

    A billion dollars in deals in six months

    Colliers International’s capital markets team has sold more than a billion dollars in transactions in just six months. “The last time a similar sales volume was achieved was over the entire year of 2012 – when the team transacted $970 million in deals,” says Peter Herdson, national director of capital markets for Colliers.

    Date Dec 2015

    more

  • Eastern transport projects ‘spike’ property demand

    Eastern transport projects ‘spike’ property demand

    Billion dollar transport upgrades have spiked the demand for commercial properties in Auckland’s eastern suburbs, says Gareth Fraser, director investment sales for Colliers International. Fraser says the completion of the first stage of the $1.2 billion Auckland Manukau Eastern Transport Initiative (AMETI) has already made a noticeable economic impact in the suburbs of St Johns, Glen Innes, Mt Wellington and Stonefields.

    Date Dec 2015

    more

  • Year ends on high note at Bayleys auction

    Year ends on high note at Bayleys auction

    Bayleys reports a strong finish to its auction programme for 2015 with 23 commercial and industrial properties selling at its final Auckland Total Property portfolio auction for the year at a total value of over $30 million. “There was a big crowd in attendance, which is traditionally the case for our early December Total Property auction, and there was good solid bidding across most offerings,” says John Church, Bayleys national commercial director.

    Date Dec 2015

    more

  • Inside NZ's tallest tower: restaurants, stunning views ... and Zara and Uniqlo?

    Inside NZ's tallest tower: restaurants, stunning views ... and Zara and Uniqlo?

    Final details and a name for downtown Auckland's biggest new commercial property development have just been unveiled. It's been described as "the most transformational project Auckland CBD has ever seen" by its developer, who is vowing to bring big new global retailers here and enhance the city's shopping.

    Date Dec 2015

    more

  • The Herald is leaving home

    The Herald is leaving home

    The New Zealand Herald's 152 years in one Auckland CBD block may have set a record in a city where businesses rise and fall and shift premises relentlessly. George Farrant, Auckland Council's central principal heritage adviser, said the length of time the Herald had operated from one block was unusual and perhaps a record.

    Date Dec 2015

    more

  • Peter Jackson to pump millions into NZ's $134m blockbuster plan

    Peter Jackson to pump millions into NZ's $134m blockbuster plan

    A movie museum, backed by film-makers Sir Peter Jackson and Sir Richard Taylor, will boast a "rare and unusual collection" of movie memorabilia that "can't be seen anyway else in the world", an insider says. The museum will be part of a $134 million joint convention centre and museum to be built on Wellington's waterfront if the council votes to give it the green light this afternoon.

    Date Dec 2015

    more

  • Market factors favour major mall projects

    Market factors favour major mall projects

    After a long period of hiatus, a substantial amount of new retail mall space is being delivered to the Auckland market says Justin Kean, national director of research and consulting at JLL. “This is coming down the supply pipeline in the form of new integrated retail as well as extensions to already dominant retail malls,” Kean says. “After what has been a seven year lull in supply to Auckland’s retail mall sector, the market will see a huge tranche of retail floor space coming online over the next five years.

    Date Dec 2015

    more

  • Biggest Christchurch commercial office sale

    Biggest Christchurch commercial office sale

    In the biggest commercial office sale in Christchurch this year, Hamish Doig and Mark Macauley of Colliers International have sold on behalf of Goodman Property Trust, two buildings largely occupied by insurer IAG’s Christchurch offices in Addington. The two buildings fetched $33.2 million, representing a 7.8 per cent yield and were bought by a group of Queenstown investors led by lawyer Ron Mackersy.

    Date Oct 2015

    more

  • No end in sight for buoyant market

    No end in sight for buoyant market

    In contrast to jittery equity markets, there are no indications the current buoyant commercial and industrial property market is likely to ease off any time soon, says John Church, Bayleys’ national commercial director, in his introduction to Bayleys’ latest Total Property magazine. “Real estate agents are frequently criticised for talking the market up but right now, the market itself is doing all the talking that’s needed – and it is surprising even the most perennially optimistic among us,” Church says.

    Date Sep 2015

    more

  • JLL sponsoring ocean swimming series

    JLL sponsoring ocean swimming series

    JLL is supporting the sponsorship of the New Zealand Ocean Swim Series 2015-16, a charitable Kiwi organisation that runs a series of open water swimming events across New Zealand. Nick Hargreaves, managing director for JLL New Zealand, says the open water swims motivate thousands of Kiwis to challenge themselves and make positive changes to their health and lifestyles.

    Date Sep 2015

    more

  • Online shopping transforming commercial property

    Online shopping transforming commercial property

    Retailers are realising they need to establish themselves as destinations, rather than outlets if they are to compete with online shopping which changing the face of the retail and industrial property markets, says John Church, Bayleys national director commercial real estate. As a result, the proliferation of online shopping has led to the birth of a new generation of brick and mortar retail stores, along with a huge increase in demand for bigger warehouses and industrial premises for logistics, freight forwarding and courier services.

    Date Sep 2015

    more

  • Planning needed to deliver on ‘most liveable city hype’

    Planning needed to deliver on ‘most liveable city hype’

    Council and developers “need to be on the same wavelength and work together in a planned and coordinated manner if Auckland is to have any hope of delivering on the hype of becoming the world’s most liveable city”, says John Church, national director commercial, for Bayleys Real Estate. In Bayleys’ latest Greater Auckland magazine, Church says collaborative partnerships between the public and private sectors are becoming an important part of a new development model to cope with Auckland’s surging growth.

    Date Aug 2015

    more

  • Dearth of land risks industry loss to Australia

    Dearth of land risks industry loss to Australia

    Auckland’s industrial market has the same problems as the residential market – not enough land, high building costs and lean margins that make development unattractive, says Paddy Callesen, joint managing director of Savills. “Conditions in the industrial market are the tightest they have been for more than a decade and supply is not keeping up with demand,” Callesen says.

    Date Aug 2015

    more

  • Auckland CBD hits historic office vacancy low

    Auckland CBD hits historic office vacancy low

    An historic low of 8.8 per cent in the overall vacancy rate for the Auckland Central Business District office market was reported for the first half of 2015 in the latest occupancy survey conducted by Bayleys Research. The survey, conducted last month, recorded a fall of 1.8 percentage points from Bayleys Research’s January CBD survey, driven mainly by a large decrease in B-grade vacancies.

    Date Aug 2015

    more

  • ABC Business Sales dominates awards

    ABC Business Sales dominates awards

    ABC Business Sales (ABC) was named Best Large Broking Agency of the Year for the fourth consecutive year at the recent 2015 Real Estate Institute of New Zealand (REINZ) Awards for Excellence. In addition Andrew Wright won the the 2015 Rising Star award and Anthony Gilbert took home the Business Broker of the Year.

    Date Aug 2015

    more

  • Land prices drive redevelopment of properties

    Land prices drive redevelopment of properties

    Barfoot & Thompson Commercial is marketing a number of properties that are ripe for redevelopment due to rising land prices in the Auckland city fringe and suburban centres. Commercial broker Cam Paterson says thevalue of Auckland commercial land has been highlighted by the recent sale of a vacant 1272 sq site at 520-536 Karangahape Rd and 2 Gundry St leased for car parking.

    Date Aug 2015

    more

  • Parnell like a phoenix rises to halcyon days

    Parnell like a phoenix rises to halcyon days

    Parnell is rising as ‘the phoenix’ of Auckland’s city fringe commercial and retail suburbs, says John Church, Bayleys’ national director commercial real estate. “Since it fell from favour with the city’s hip and elite crowd in the early 2000s, Parnell is now re-establishing itself as a sought after commercial precinct,” Church says.

    Date Aug 2015

    more

  • Bayleys takes top commercial REINZ awards

    Bayleys takes top commercial REINZ awards

    Bayleys was named Best Large Commercial and Industrial Office of the Year and Paul Hain of Bayleys Central Auckland was named Top Commercial and Industrial Salesperson of the Year at the recent 2015 Real Estate Institute of New Zealand Awards for Excellence. It is the fourth and second consecutive years respectively that Bayleys has won those awards. The wins were among 10 podium placings achieved by Bayleys at the awards night which included Mike Houlker of Bayleys Auckland Central being named runner up in the Best Multi-Media Campaign of the Year category.

    Date Aug 2015

    more

  • Bayleys boosts Make-A-Wish expansion

    Bayleys boosts Make-A-Wish expansion

    Bayleys Real Estate has announced the creation of an elite sponsorship arrangement with Make-A-Wish New Zealand which strives “to make the impossible possible” for children suffering from life threatening conditions by granting their ultimate wishes. Make-A-Wish New Zealand will become Bayley’s principal charity in a planned long term partnership to give more ailing children hope, strength and some happiness.

    Date Jul 2015

    more

  • Market is ‘marching briskly’

    Market is ‘marching briskly’

    The commercial and industrial property market has continued to march along at a brisk pace in the first half of this year. As the largest commercial agency in the country, Bayleys sales numbers provide a good barometer of how the market is performing.

    Date Jul 2015

    more

View all