Latest fromCommercial Property
Luxury hotel tipped to raise the bar
Work well under way on exclusive five-star Sofitel So in downtown Auckland.
Irish jump back into real estate as bubble reminders grow
The race for Dublin property is reaching a frenzy not seen since the market collapsed.
DNZ Property posts 8.7pc drop in profit
DNZ Property Fund posted an 8.7 per cent drop in annual profit after writing down the value of development work
Ryman to spend $100m on second Melbourne village
Ryman Healthcare has secured a site for its second retirement village in Melbourne, which it expects to spend more than $100 million to build.
From $4.2m hostel to mansion
An old backpacker hostel, worth $4.21m, has been bought by a company boss who plans to knock it down and build a mansion in its place.
Giant landlord gets a tick from investors
Institutional investors are praising the annual result of Kiwi Income Property Trust, saying it reflects the management shakeup which saw the exit of Commonwealth Bank of Australia.
Wellington looks to waterfront convention centre
The Wellington City Council appears close to signing a deal with the Hilton hotel chain for a $125m convention centre on the waterfront opposite Te Papa.
Ex-All Black denied discharge
An ex-All Black accused of managing businesses while bankrupt allegedly removed the director of one of these companies when he refused to provide signed blank cheques.
Police bid to seize finance director property
Police have made a formal bid in the High Court to seize property they allege is associated with a failed finance company director.
Rare mixed zone corner site for sale
Well-known North Shore antiques retailer Donald Melville, intends to retire.
SFO probe of Metropolis turns up nothing
The former building manager of luxury high-rise apartment tower Metropolis says a Serious Fraud Office inquiry has found nothing untoward.
New look for 'eyesore' carpark
One of Auckland's ugliest carparking buildings which its owner describes as "an eyesore" is to get a makeover and have apartments built on top.
Councillors divided over sale of square
Auckland councillors are divided on the privatisation of Queen Elizabeth Square in downtown Auckland, but voted 14-7 today to approve in principle the disposal of the land worth upwards of $60 million to Precinct Properties.
City square could be sold
Auckland councillors will tomorrow consider the privatisation of Queen Elizabeth Square in downtown Auckland for a mall.
Goodman Property boosts profit 72pc
Giant listed landlord Goodman Property Trust pushed up annual after-tax profit 72.1 per cent, making $134.1 million in the year to March 31.
Think-big spaces rare opportunity
A Wiri industrial subdivision is being developed for companies struggling to find well-located leased premises that cater for heavy manufacturing activities or that provide sufficient yard space.
Splash out close to events centre
Abuilding leased to an Irish pub near Manukau's Vodafone Events Centre and close to a planned whitewater attraction called Wero will be auctioned next Thursday, providing a prime opportunity for investors.
Warning on 'low-ball' land grab
A lawyer has warned Auckland property owners about selling their real estate to public bodies, saying "low-ball" valuations are depriving people of the real estate's true worth.
Cricket gets hit for high-rise
The No 2 ground and cricket pitch at Eden Park will be replaced with residential and commercial buildings of up to nine storeys.