Latest fromCommercial Property
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.
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.
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.
$100m supermarket spend for Foodstuffs
Foodstuffs (Auckland) has a $100 million development and refurbishment programme in the upper North Island.
Paying for park users' pleasure is a bitter pill
Suzie Trewheela's ground rent shot from $3995 to $29,000 a year under increases to leaseholders' payments for houses in Auckland's Cornwall Park.
Property developer salvaged money, court told
Jamie Peters salvaged property from his "crumbling" businesses, secured hundreds of thousands of dollars for his family and managed his bankruptcy on his own terms, the High Court has been told.