Latest fromCommercial Property

Market revival long time coming
Auckland’s famous Victoria Park Market needs a rescue plan to confirm the big future tenants were promised.

Rare chance for owner-occupiers
CBRE is offering for sale two industrial properties in Wiri, South Auckland, that are ideal for a variety of owner-occupiers.

Bank buildings posted for sale
Two high-profile suburban retail properties occupied by New Zealand Post and Kiwibank outlets in Avondale and Birkenhead are for sale as investment opportunities.

Three Chinese banks grab prime CBD spots
Three Chinese banks have leased offices in Auckland's central business district, putting further pressure on the stretched sector, says a leasing agent.

Dress-Smart completes expansion
Discount retail outlet Dress-Smart in Onehunga has been expanded and upgraded, with about another 1000sq m added.

Auckland mall expansion plans unveiled
A new dining/restaurant and cinema zone at West Auckland's LynnMall and apartments and offices at Sylvia Park are planned.

Serco aims to give prisoners skills
Prisoners at Auckland's new $300 million private men's jail could be building or fixing metal skip bins.

Pillar shock prompts apartment dispute
A new apartment buyer faces the possibility of a legal row with a developer after finding window and bed space blocked by pillars she claims were not on the plans.

Sultan of Brunei sells BNZ tower
The Sultan of Brunei has sold Auckland's 26-level BNZ tower at 125 Queen St for $57 million in this year's biggest New Zealand property deal.

Kiwis join $140m Fiji resort plan
Four New Zealand businessmen have joined Americans to develop Vunabaka, a new $140 million Fiji resort, where the first stage of construction is nearly finished.

Downtown looks to San Fran for cues
Precinct Properties, with consent for a 41-level Auckland waterfront tower on its Downtown Shopping Centre site, took a team to San Francisco last month to study a new 62-level waterfront skyscraper rising above an underground railway there.

Skyscraper mania grips China
The eastern Chinese city of Suzhou is joining a national rush for the sky with what's slated to become the world's third-tallest building.

Online sales growth cools
Online retail sales growth is slowing and 19 out of every 20 New Zealand purchases are still made in a shop,

'Desperate shortage' of retail space, says Auckland councillor
Auckland is suffering a desperate shortage of land for business expansion and retailing with a "critical short supply" of large format shopping space, says one Auckland councillor.

Park dusts off noise barrier plan
Eden Park's operators have tabled plans to borrow $1.8 million to install a sound barrier for the east stand.

CBD feels the squeeze
Auckland's CBD has cranes on its horizon again, but not enough to resolve a critical office-space squeeze