Latest fromCommercial Property

If it's standing empty it'll sell fast
Strong demand for vacant premises, particularly from owner-occupiers, is contributing to the fall in industrial property vacancy rates in Auckland.

Beachlands project a step closer
A four-year battle to get to the stage where resource consent can be sought for a Beachlands project has left one of New Zealand's biggest supermarket chains disillusioned about planning processes.

Property chiefs give mixed review
Residential rents could rise and historic buildings might be abandoned, say property chiefs who have mixed feelings about real estate changes in the Budget.

Brown backs down over high-rises
Auckland Mayor Len Brown is backing down in the face of a citywide revolt against high-rise apartments and infill housing in a new planning rulebook for the city.

Mayor caught in retail row
Auckland Mayor Len Brown is refusing to help a community battling plans by hardware giant Bunnings to build a big box retail store alongside homes and kindergartens.

Property chiefs outline plan concerns
Landowners having to pay the council a share of profits on rezoned properties.

Convention centre at new heights
Moller Architects' Gordon Moller and son Craig have been working with SkyCity Entertainment Group for some years.

SkyCity's fortunes on a roll
The value of SkyCity Entertainment Group could get a $200 million boost after a $402 million deal announced yesterday.

Iwi's big plan for lasting wealth
Ngati Whatua o Orakei is preparing for a big Auckland real estate development push, after its treaty settlement and commercial restructuring.

Support for curb on home loans
Auckland's top real estate agency has welcomed the Reserve Bank's moves to dampen the hot housing market but doesn't expect prices to suddenly drop.

Mainzeal's headquarters for sale
The headquarters of failed construction firm Mainzeal is back on the market for sale or lease.

Villa ideal home for small business
A character villa consented for commercial use in Mt Eden, Auckland, has been placed on the market for the first time in 16 years.

Auckland dominates growing market - expert
Commercial, industrial and retail properties sales last year totalled more than $1.4 billion - but deals this year could be higher, says a property market expert.

Migrant scheme fuels $71m property deal
Ex-Takapuna Grammar student and Malaysian migrant King Khoo completed one of this year's largest commercial deals to fulfil the terms of the business migrant scheme.

Mainzeal assets to be auctioned off
Assets belonging to failed construction company Mainzeal - including everything from toilet blocks to tower cranes - are being put under the hammer.

$2.5m Sofitel revamp includes spa and upgrade of rooms
About $2.5 million has been spent on the Sofitel Auckland Viaduct Harbour since the world's biggest hotel operator took over running the former Westin.

Spec build in inner city reaps $63m
In one of this year's largest commercial property transactions Mansons TCLM has sold its recently developed GHD Building in central Auckland for $63 million.

Queenstown site hits the market
The land and heritage building housing Gantleys, one of Queenstown's top restaurants, and the original home to the area's pioneer lawman is for sale.