Latest fromCommercial Property

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.

How golf sell-off is saving the clubs
Long-established golf courses in the financial rough are selling land and property to generate the funds they need to stay open.

'Haunted' island to be auctioned
The leasehold of a Venetian island described as one of the most haunted places in Italy is to be auctioned next month as the state desperately seeks to raise revenue.

Team NZ site flagged for hotel
A Beijing developer has won the right to build a $200 million five-star hotel on the Auckland waterfront site currently occupied by the Team NZ headquarters.

Leaseholders ready to fight
The Cornwall Park Trust Board has proposed a new "modern lease" to resolve long-running dissatisfaction from Greenlane and One Tree Hill residents.

Lloyd's underwrites NZ warranty
One of the world's biggest and oldest insurers is underwriting a new building warranty insurance scheme being launched in New Zealand.

Editorial: Ditching dual water plan makes sense
Editorial: Stonefields, a village-style residential development in what was the Mt Wellington quarry, has branded itself with environmental "sustainability".

City of sails bows to city of sales
The first round of investment properties featured in NAI Harcourts' Key Assets magazine has been auctioned, indicating Hamilton is achieving better yields than Auckland.

CBD offices shifting to waterfront
The next wave of office development is under way in Auckland with much of it focused on land near the waterfront in the central business district.

Famous high tea on hold
The tradition of high tea at Cornwall Park Restaurant by the historic Huia Lodge is over for the moment, after the establishment closed.

Racing club to sell land for homes
Fancy staring down the home stretch of a racetrack from your bedroom window? An Auckland racing club is selling land to try to clear its $2.75m debt.

Jailed property developer says sorry
A spokesman for the jailed South Korean developer says "personal" issues should not hinder or harm any of the business interests left behind here.