Latest fromCommercial Property

Office tower's foreign sale approved
Indonesian and Singaporean investors are buying one of the country's biggest office towers in a deal worth more than $100m.

Old petrol station ready for revamp
The decontaminated site of a former service station is being offered for sale on the Te Atatu Peninsula with resource consent to erect a ground-floor retail area.

Richard Burton: Council must get serious about design
The council's claims of high levels of design control are illusory and don't stack up, writes Richard Burton. "Very few residential developments will require a resource consent."

Cavendish site centre of attention
Eleven vacant retail units forming part of a new convenience retail development on a high profile site on Cavendish Drive in Manukau are up for sale.

Summerset profits soar 46pc
Retirement village company Summerset has unveiled a 46 per cent jump in underlying profits.

Hearing for Ruakura port plan
Controversial $3.3 billion plans to develop a new freight hub or inland port at Ruakura on Hamilton's outskirts are due to be heard in May.

Property firm's $500m plan
Precinct Properties is planning a $200 million five-building Wynyard Quarter campus as well as the $300 million 32-level Downtown tower.

Hotchin, Watson company chase loan
A finance company's attempt to chase down a $300,000 loan taken out by a now-bankrupt and struck-off lawyer has been knocked back by a High Court judge

Editorial: Three-shed plan step backwards for wharf
With Queens Wharf's prominent role in the Rugby World Cup an increasingly distant memory, it has taken rather too long for a draft development masterplan to surface.

Warehouse and office near airport
An A-grade warehouse and office building on one of the few remaining pocket-sized pieces of land just 3km from Auckland Airport will go under the hammer next month.

Milford's new 12-level tower
Milford Shopping Centre's development boss has welcomed an Environment Court decision allowing apartment towers to rise around the North Shore property up to 12 levels high.

Developer jailed over $47m fraud
Auckland property developer Malcolm Mayer has been sent to jail for 6 years for a $47m mortgage fraud.

Property matters: NZMS brokers $500m financing
More than $500 million of property financing was arranged last year by Shortland St-based NZ Mortgages & Securities which expects to exceed that this year.

Retiree finds new village gives her room to breathe
Ngaire Duncan from Chatswood on Auckland's North Shore wanted to move to a retirement village but she hates high-rises.