Latest fromCommercial Property

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.

New plan for downtown Auckland
Auckland Council is in talks to privatise a section of QEII Square as part of a $300m redevelopment by Precinct Properties of the Downtown Shopping Centre, say sources.

Bid for 'people's wharf'
Mystery businessmen want to replace the Cloud with commercial buildings. In exchange they'd upgrade the ferry terminal and transform the harbourfront 'pigsty'.

Developer named in finance case
A previously unnamed defendant in the latest failed finance company case can now be identified as a Auckland property developer.

Maori leases land for retirement village
Local hapu Ngati Whatua Orakei now says it isn't selling a prime piece of Auckland waterfront land to retirement village operator Ryman - it's only leasing it.

London's crown jewels shine
If you wanted to tell the story of the credit crunch and its aftermath in a single building, the recent history of banking giant HSBC's gleaming headquarters at London's Canary Wharf could be a good example.

Inter(Sky)City? Maybe not anymore
SkyCity Entertainment Group wants Auckland's InterCity Coachlines station out of its casino headquarters.

Three-in-one site set for hotel spin-off
Three retail properties in Havelock North, Hawkes Bay, that are likely to benefit substantially from the construction of a new five-star hotel across the road, are for sale.

AA makes room for driven buyer
An AA vehicle-testing station is about to vacate a large business mixed-use zone site in central Onehunga, offering a range of options for a new owner.

Beachfront project labelled a let-down
A big new Takapuna beachfront development started a few weeks ago has left an Auckland councillor unimpressed

Luxury resort ready for buyer to book in
The second set of receivers to take control of a Bay of Plenty resort in less than five years have been made two offers for the "luxury" complex, whose owners still owe millions.

Lease demand reflects confidence
Strong leasing demand for industrial premises is responsible for the overall vacancy level within Auckland's main precincts falling from 5.5 per cent to 3.8 per cent.

Offices take prime place
Leasing has started for a four-storey office building to be constructed in Albany by NZX-listed DNZ Property Fund.