Latest fromCommercial Property

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.

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.

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.

Insurance premium rises hammer Precinct
Precinct Properties NZ, with 10 Wellington office blocks worth more than $600 million, has been hammered by insurance premium rises.

Shore development hit by land shortage
Lack of business zoned land likely to halt new construction as firms look to migrate north to Silverdale.

Former Mainzeal site up for grabs
The Wiri construction yard of failed construction company Mainzeal is being marketed for sale or lease through Savills.

Quakes a timely reminder for building owners
Wellington's earthquakes have put the spotlight back on seismic issues.