Latest fromCommercial Property

Designer wants rates back
Designer Denise L'Estrange-Corbet is fighting Auckland Council to get back thousands of dollars paid in rates after a devaluation of the head office building for her label World.

Proposals buoy precinct retailers
The promise of movement on proposed retail developments in Newmarket over the next five years represents "a light at the end of the tunnel" for retailers in the precinct.

Luxury Northland retreats command premium rents
Three Northland houses are being advertised for rent from $2500/night up to $8000/night.

Quake buildings deadline set
The Government has set a deadline of 20 years for assessing 193,000 buildings for earthquake risk and strengthening them.

Global transactions on a new high
An increase in global commercial and industrial property activity, led by North America and Asian Pacific markets, could push transactions this year over US$1 trillion.

Rare chance for work-life balance
A tightly held Birkenhead commercial property offering a variety of development possibilities will be auctioned this month.

Boom time for golden-oldies sector
Three NZX-listed retirement businesses are in a big growth phase, with more than 1000 new units planned.

Cross lease titles a ticking time bomb, warns lawyer
An Auckland lawyer is warning about dangers with 216,000 cross lease property titles and has called for people's horror stories about the issue.

Tenants opt for city's prime spots
Tenant preference for prime office space is becoming more pronounced and is reflected in a widening gap between prime and secondary vacancy rates, the latest survey of Auckland's CBD office market by Bayleys Research has found.

Hills Flooring folds - 18 jobs to go
Eighteen people are expected to lose their jobs after a 53-year-old flooring company owed $250,000 by failed construction firm Mainzeal went into liquidation today.

Big CHH sell-off a boon for buyers
A sell-down of Carter Holt Harvey's remaining property assets in Tokoroa is being seen as an opportunity for buyers to secure prime industrial land.

Foodstuffs Auckland sales rise 5.5pc
Supermarket giant Foodstuffs Auckland has pushed sales up 5.5 per cent in what it described as a challenging environment.

Waterfront cargo shed reopens
The historic Shed 10 on Auckland's waterfront will be openedn today after a 10-month, $12.5 million refurbishment and restoration.

Five properties to put money in the bank
Five Auckland region commercial properties occupied by ASB Bank branches as anchor tenants will go under the hammer in a joint Colliers International and NAI Harcourts auction.

$100m supermarket spend for Foodstuffs
Foodstuffs (Auckland) has a $100 million development and refurbishment programme in the upper North Island.

Decision time on the fate of old buildings
The Government is preparing to deal with the contentious earthquake-prone building issue, deciding the fate of up to 25,000 old buildings.