Latest from Commercial Property

Why the new $100m Pak'nSave faces unique construction challenges
Vast new store is to be built on a flood-prone site which operated for 50 years as a dump.

NZ's biggest new supermarket gets green light
It's to be built on a greenfield site near the Esmonde Rd motorway on-ramps and off-ramps.

Most of Ōrākei retirement village to be demolished, new $336m village to rise
The partnership means the retirement giant leases the Ōrākei site for 125 years.

Property Insider: Foodstuffs' $380m expansion with new Pak'nSave sites in the works
The biggest is a new application for a $100m Pak'nSave on reclaimed land in Takapuna.

Fletcher Building flags massive $575m to $781m hit to 2025's result
'Significant items are chunky' said one institutional investor of today's announcement.

'Pallet hotel' - Foodstuffs South Island boosting frozen storage by more than 200%
Supermarket owner to expand frozen capacity by 222%, strike third-party warehouse deals.

Property manager fined $3500 for breaching healthy homes standards
Quinovic acknowledged the breaches and confirmed exemplary damages were paid.

'Māori are long-term investors' - learning from success and failure working with iwi
Developments with tangata whenua: what spells success - or not?

Watch: Expert's 'big question' over burned supermarket's redevelopment potential
'Apartments on the site and more than likely offices' – Andrew Moore, CMP Construction.

'Biggest New World upgrade in NZ' - what was happening before the fire?
'This was the biggest New World upgrade in NZ because that store is the flagship.'

All rentals must meet five Healthy Homes standards by July 1
Heating, insulation, ventilation, moisture and draught-stopping standards all coming in.

Burning Auckland supermarket one of NZ’s most profitable
The store is one of the most profitable and popular in Foodstuffs' North Island co-op.

South Island's largest supermarket to open early and under $50m
The store, at 8100sq m, is the largest retail outlet in the South Island.

Napier's only surviving CBD pharmacy raided for third time in 10 weeks - again for perfumes
'I’m wondering if it’s worth carrying on here.'

Fletcher begins marathon court case against subbies over SkyCity convention centre fire
Fletcher alleges the fire was caused by the subcontractors, who are in turn defending.

Property Insider: $120m Wiri sale; Ryman's sinking village buildings; opposition to Bay of Islands marina
OPINION: What will a big Australian investor do with its new $120m Wiri property?

New, never-lived-in Auckland apartment project up for mortgagee sale
WFT Finance brought in a subcontractor to finish the apartments before calling Colliers.

‘Struggling’: Wellington businesses paying $20k more in rates than other cities
Some fear it's driving business away, so why are Wellington's commercial rates so high?

Nadine Higgins: Should you swap residential for commercial property?
Commercial property yields in NZ range from 5% to 8.38%, higher than residential.

First look at $1b warehouse hub by James Kirkpatrick Group
Heir's vision becomes a reality: 'Dad wanted this to be the best' – James Kirkpatrick jnr.

Paved paradise? Top Auckland school builds staff car park on $150m gifted farmland
The ASB MAGS Farm is protected by a covenant requiring it be used to teach farming.