Commercial property sales of $3.8 billion have been recorded so far this year, driven mainly by syndicators and strong overseas interest, according to a new study out this month.
The report from Colliers International noted a "strong surge" in office sales this year which it said had been driven by syndicators and strong overseas bidding.
The overall figure only takes into account assets with a value of $5m or above, and showed a slight decline compared to the $4b recorded in 2017.
Colliers said this year's biggest commercial sales were:
• The planned sale of the ANZ Centre, 23 Albert St (a 50 per cent stake) to United States fund Invesco for $181m;
• The sale of the Central Park Corporate Centre to Oyster and joint venture partner, KKR for $209m;
• Goodman selling its VXV portfolio to Blackstone Fund for $635 million.
On June 29, NZX listed Precinct Properties announced that it had entered a binding agreement to sell a half-stake in the ANZ Centre in the city's CBD for $181m, subject to Overseas Investment Office consent.