Latest fromCommercial Property

Warning as property firm hit by scam
Pip Smit of the Bay of Plenty's Beachrentals.net.nz was unhappy to discover his Trade Me advertisement to rent a Beach property had been copied and put on to another website.

Industry chief welcomes house factory
An industry chief has welcomed the new Matrix house-building factory in Trentham.

NZ market set to buoy Fletcher result
Rising New Zealand commercial and house-building could buoy this week's Fletcher Building result as analysts highlighted domestic activity as a big profit driver.

Syndicate investors suffer $25m losses
Investors in nine property syndicates that have so far lost $25 million say related-party loans and mismanagement may have contributed to their financial woes.

Fletcher revamped HQ for sale and leaseback
Fletcher Building is redeveloping its 2.2ha Penrose head office campus which it is offering for sale subject to a 20-year leaseback agreement.

Infrastructure projects help fuel capital's boom
The value of building and construction activity in Wellington is expected to grow by 38 per cent from 2012 to 2019, according to a National Construction Pipeline report compiled by the Building Research Association (BRANZ) and Pacifecon (NZ) Ltd.

Split risk multi-tenanted Browns Bay retail centre
A standalone property encompassing 10 independent retail tenancies within a single building in the popular North Shore seaside suburb of Browns Bay and is to be auctioned next month.

Syndication of big Manukau and Blenheim properties
A new property syndication has hit the market involving a large Manukau City office building with an established Crown tenant and a big Mitre 10 Mega retail complex in Blenheim.

Top resort's expansion plan
Plans for a huge expansion of New Zealand's most luxurious golfing and lifestyle resort have been unveiled today.

Wellington industrial vacancies drop again
Vacancy across the Wellington region’s primary industrial precincts fell by nearly a full percentage point over the last 12 months for the second year running, says Bayleys Research. Overall vacancy in the agency’s latest survey sat at 6.4 per cent compa

Reap rural riches through rental return
The sale of Bunnings Cambridge, south of Hamilton in the Waikato, presents an opportunity to acquire a large, quality retail premises leased to a national company brand.

Jolly Punter building looks like a good bet
A small Mixed Use zoned property on the busy main road into Devonport is for sale offering an entrepreneurial investor the potential of a bigger future development opportunity.

Arch Hill residents in deal with Bunnings
Arch Hill residents have won concessions from big-box retailer Bunnings in an attempt to minimise the effects of the controversial new store on their Auckland neighbourhood.

Parnell on verge of regaining glory
Parnell, the inner-city suburb that reflected the golden days of the ‘80s and ‘90s, is undergoing a quiet renaissance. We look at what's being done.

Penrose industrial goes on the block
A freehold Penrose industrial building with three long-standing tenants and significant add-value potential is up for auction in two weeks' time.

Last chance to buy into new auto centre
A new automotive complex, completed in Silverdale, about 30km north of Auckland, and targeted at heavy vehicle service providers, has met with a strong response from tenants, and only one unit is left to lease in the development.

$50k investment interests snapped up
Oyster Group's chief executive, Mark Schiele, has announced that the recent syndication of the large Cardinal Logistics warehouse at Mangere has closed early and oversubscribed.