Latest fromCommercial Property

Property developer, philanthropist James Kirkpatrick dies aged 94
Business he founded owns wide range of commercial, industrial and warehouse properties.

Ngāti Whātua Ōrākei commercial asset values drop to $1.47b
CEO: 'A relatively modest decline on paper in the value of our investment portfolio.'

'I bleed orange but this is awful': Mitre 10 selling properties to repay debt
'Sale of several non-strategic property assets [to] re-cycle capital, reduce debt.'

$3.3b landlord says dramatic financial turnaround vindicates Sylvia Park strategy
Chief executive Clive Mackenzie says the results give the company more confidence.

Empty office sale to bring pre-Christmas shareholder cheer
Company has ditched plans to add three extra levels to the building above Fanshawe St.

PM Christopher Luxon opens NZ's most expensive new office block
The concept was to 'bring a suburban campus-style building right into downtown'.

28-level Auckland office tower half-empty: Why?
'Wouldn’t say it is a ghost tower: it's poised to take advantage of improving conditions.'

Property Insider: SkyCity's forest panels illuminated; Mormon temple opening; Metlifecare in Remuera
A tower of this size would be a big ask.

New $10.5m New World The Sands opening
New supermarket is opening on Tuesday, November 5, 2024 at Pāpāmoa East in the Bay of Plenty.

Less power for councils, more for builders: report recommends change
'Current system is suboptimal in terms of its consistency, responsiveness.' - David Kelly

'Plant was too small' - pre-cast concrete manufacturer ups production 50%
Father emigrated to New Zealand with $10 in his pocket then founded a growing business.

Supreme Court rejects Beca appeal over demolished Wellington BNZ
Beca failed in the High Court and the Court of Appeal so took matters to Supreme Court.

How Hawkins won giant $800m new Auckland Airport terminal contract
Downer-owned builder wins huge job, the largest private infrastructure job of its type.

Westgate's traffic 'disaster': Owner to square off with council in court
Mark Gunton plans robust appeal to traffic decision.

Property Insider: ‘Wind pressure’ on Seascape; Du Val estimated to owe $250m; new Ikea roof
Deputy Mayor Desley Simpson explains what steps the council will take on the skyscraper.

Court overturns ruling on commercial building’s seismic assessment
Engineering NZ says the case highlights limitations of seismic reports.

'Forced out': 93yo yet to find buyer for home surrounded by supermarket build
Foodstuffs says it offered to pay well above CV for home. Owner says he never got an offer

Meet the 30-year-old with 13 properties – how he built his $7.5m portfolio
Investor says new debt rules won't stop him buying more and becoming a billionaire.

How two developers gazumped Government plans for Auckland's housing 'flood'
Developers have fought for years to create new townships on outskirts of Auckland.

How much Japanese-owned top 10 commercial builder made from NZ in latest year
First job: A landmark 57-level luxury tower between Commerce and Gore streets.

Property Insider: Insolvent modular apartment-builder owes $51.7m
A modular housing project has a big financial fallout, liquidators picking up the pieces.