Latest fromCommercial Property

Time to move on for Real Groovy
Plans are in place to demolish the building that houses New Zealand's best-known record store - but it does not spell the end for the iconic enterprise.

Goodman's $45.8m Auckland projects
Goodman Property Trust, the country's second-biggest listed property investor, has ratcheted up development plans with four new industrial projects in Auckland worth $45.8 million.

Meredith Connell in CBD drift
Meredith Connell is exiting Auckland's legal block on Shortland Street for a new office as part of the "CBD drift".

School to sell Ponsonby site
A large parcel of prime residential development land is up for grabs in Ponsonby.

DNZ buys $17m Newmarket property
DNZ Property Fund, which is almost halfway through a planned series of asset sales, has bought Heartland House in Newmarket, Auckland, for $17 million, in an area it describes as one of its preferred locations.

Ex-PM facing legal action
Ex-Prime Minister Jenny Shipley says she will "vigorously defend" legal action she is facing from the liquidators of collapsed property group Mainzeal.

Offshore growth boosts SkyCity revenue
SkyCity Entertainment Group, the listed casino company, says group revenue is up 17.9 per cent to $415.6 million for the second half of the 2015 year-to-date, accelerating from the pace of sales....

Gallery revamped for modern age
Auckland's Mitchell & Stout Architects was only initially asked to upgrade Titirangi's historic ex-hotel Lopdell House, expanding its existing art gallery and redesigning its basement theatre.

NPT's profit drops 16%
NPT has posted a 16 per cent drop in annual profit, reflecting a bigger uplift in the year-earlier period from a revaluation of properties.

New Te Uru Waitakere Contemporary Gallery
As with many big jobs, this one started out small. Auckland’s Mitchell & Stout Architects was only initially asked to upgrade Titirangi’s historic ex-hotel Lopdell House, expanding its existing art gallery and redesigning its basement theatre. Work was really planned to focus on a single building. But that would never have worked.