![Bought for $630k - sold for over $40m](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Bought for $630k - sold for over $40m
Alan Wallace is an accidental property investor, signing a deal to sell a 16ha East Tamaki site for more than $40m after paying $630,000 for the real estate 21 years ago.
Alan Wallace is an accidental property investor, signing a deal to sell a 16ha East Tamaki site for more than $40m after paying $630,000 for the real estate 21 years ago.
A sobbing SkyCity Entertainment Group employee told hundreds of shareholders of the raw deal the company had dealt her after 15 years of employment in Auckland.
For the first time in 50 years a multi-purpose commercial property has been put on the market in the popular location of Mangere Bridge.
Two prime and well-positioned Auckland industrial properties in Penrose and Otahuhu have come to the market at a time when strong demand from occupiers has driven industrial vacancy to historically low levels.
Auckland investment specialists are closely watching Singapore's Government Investment Corporation, believed to have submitted an attractive bid for New Zealand's biggest and most valuable collection....
Concerned about potential security risks, the US government is taking a close look at last week's sale of New York's iconic Waldorf Astoria hotel to a Chinese insurance company.
Farmers from southern provinces are moving to Northland to take advantage of the comparatively cheap dairy farms on offer there, according to real estate agency Bayleys.
Four Auckland city retail investment properties in an area with one of the highest levels of foot traffic in New Zealand will be auctioned this month.
Big rent increases by Auckland city office landlords are forecast in the latest New Zealand CBD Office Report produced by Colliers International.
Three retail shops in two high-profile Auckland locations - Lincoln Rd, Henderson and in the Royal Oak Shopping Mall - are for sale as part of Bayleys' latest Total Property commercial and industrial....
NYC's Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into US real estate.
Auckland is being rebuilt before our eyes, as projects worth at least $10 billion-plus rise across the city.
Two flat bare land parcels of 1ha and 2.7ha suitable for a range of uses, including retirement village, commercial and residential purposes, are for sale at the heart of the Addison residential community in Takanini south of Auckland offering a prime deve
There are increasing hotel sales and new hotel construction activity, with the industry showing signs of renewed optimism that is expected to continue into 2015, says Dean Humphries, national director of hotels at Colliers International.