Latest fromCommercial Property

Court: Blue Chip lawyer didn't cause loss
"Negligent" advice from a Tauranga law firm did not cause a Blue Chip investor's $90,000 loss, the Supreme Court has unanimously decided.

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.

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.

CBD site with consent for 46 level tower
One of a rapidly diminishing number of opportunities to secure a well located high rise development site in Auckland’s CBD is available for purchase with a resource consent already in place for a 46 storey residential tower.

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.

Millions at stake in luxury resort stoush
A multimillion-dollar fight involving one of New Zealand's most luxurious resorts is heading back to the High Court at Auckland this week.