Latest fromCommercial Property

Purchasers taking greater debt risks
A surge in demand by owner occupiers for vacant industrial buildings in the Auckland market has led to a shortage of supply.

Solid demand 'boon for landlords'
Lack of supply in the commercial property market and increasing occupier demand will result in a gradual strengthening of the landlord's position relative to tenants.

Rare chance to own a piece of hell
Franchise opportunities are now available within existing Hell Pizza restaurant sites along with the potential to develop new sites, says the general manager of Hell, Ben Cumming.

K Rd character building to bank on
The two-level 1920s former ANZ Bank building in Karangahape Rd is being marketed for sale with an art gallery occupying the upper floor and vacant modern retail space downstairs.

Countdown for $100m Auckland build begins
A nine-level $100m development will soon rise on a yawning chasm behind Ponsonby Rd in one of the biggest projects by Progressive Enterprises.

Govt moving back to Chch CBD in 2016
Up to 20 government departments will cut short leases for temporary accommodation taken after the Christchurch earthquakes and return to the CBD en masse in 2016.

Retailers concerned about Akl High St upgrade
Retailers in Auckland boutique premier shopping zone High St are worried about possible street changes.

Big NZX property floats tipped
Investment specialists said yesterday the deals could involve business people with a long and stable track record in development activity with strong entrepreneurial drive.

Hobsonville centre gets go-ahead
Supermarket giant Progressive Enterprises has won the right to build a new West Auckland village centre after an Environment Court battle.

Fletcher Building tipped to improve profitability
Analysts at two investment specialists have upgraded Fletcher Building's prospects because of recent success.