Latest fromCommercial Property

$501m nets EnviroWaste
Asia's richest man, Sir Li Ka-Shing, is EnviroWaste's new owner after his Hong Kong-based Cheung Kong Infrastructure paid $501 million for it.

Boulevards coming to waterfront
Work on creating tree-lined boulevards to connect Fanshawe St and Victoria Park with the waterfront at Wynyard Quarter will begin next month.

Casino eyes big boost in floorspace
SkyCity has confirmed plans to increase floorspace at its Auckland casino.

Quake repairs lift building sector
The building sector has taken off and Canterbury earthquake repairs are one of its biggest drivers.

NZ Post sells properties for $33m
In one of the biggest commercial property deals of the year, New Zealand Post has sold two Auckland properties for about $33 million.

Pavilions offers retail and dining experience
Building developer Cooper and Company has opened a new retail precinct in the $1 billion Britomart area near Auckland's waterfront.

Seismic rules tipped to boost building work
Auckland builder George Levick expects tougher new seismic standards to be a big boost to the construction sector.

Tree removal easier under new law
The Government's moves to permanently abolish tree protection rules for those not already named on district plans will be further strengthened, an expert says.

Fonterra hunts for new HQ
The world's largest global milk processor and dairy exporter wants to move into New Zealand's best new building in four years.

Tension over shore site's future
The future of the last big Auckland Council-owned commercial site in Devonport is up in the air, as city officials ponder its future.

Estate agent suspended for carpark sale
An Auckland estate agent has been suspended for 18 months for misconduct over incidents including selling a Princes Wharf carpark she did not own.

Christchurch house buying scheme
A scheme has been launched to encourage Aucklanders to buy big new planned Christchurch houses for $640,000, as a financial watchdog reminds investors.

High-rise brothel approved
Groups opposed to a proposed high-rise brothel in central Auckland say the decision to grant resource consent is "disappointing but not surprising''.

Dunne 'must front up' over breaches
The Labour Party wants Revenue Minister Peter Dunne to front-up over the leaking from the IRD of private information of 6300 people.