Latest fromCommercial Property

Psychological fears will drive shape of Christchurch's CBD
Real estate agency Bayleys Canterbury is predicting a broader but lower central business district will arise in Christchurch after last month's earthquake, while demand is expected to escalate for residential properties in more stable areas

ANZ's new 15 year lease quashes speculation
Speculation that a major bank would shift into a new 26-level high-rise office tower in Auckland has been dashed.

Brothel brothers failed to ensure Palace Hotel safe - report
The Palace Hotel was moving by up to 5mm an hour towards the street when the decision was made to knock it down, the Auckland Council said today.

Bruce Morris: Holiday home away from home
Land of milk and honey... pity about the cheese, discovers Bruce Morris.

Bruce Morris: Force of nature
Even without the impact of the Christchurch earthquake, it was tough going out there with buyers sitting on their hands and values continuing to drift. Now, it may get even harder. Bruce Morris reports.

Bruce Morris: That's hard to swallow
Overseas buyers have been staying home the last few summer - and in some parts of the country that's adding to the pressure on house prices. Bruce Morris reports.

Bruce Morris: Where potential is pricey
Small pockets of prime real estate continue to perform, says Bruce Morris.

InterContinental pulls name out of Wgtn Holiday Inn
A big global hotel chain has pulled out of Wellington's $100 million Holiday Inn after a long-running dispute between management and investors.

David Henderson fights $130m bankruptcy case
David Henderson, Auckland's most flamboyant and once wealthy developer, will earn a salary of $75,000 if his proposal to avert bankruptcy over a $130 million debt is approved by the High Court.

Opponents say Royal Oak Warehouse bid threatens local business
Wayne Thompson Shops serving neighbourhoods in Onehunga, Royal Oak and Greenwoods Corner are threatened by a bid to build The Warehouse's latest store, say business owners and residents.

Westfield posts healthy profit but vagueness on plans disappoints
Westfield Group delivered 2010 earnings in line with expectations amid improving global retail markets, but said it was too early to ramp up existing plans for new development investment of up to A$1 billion ($1.3 billion) a year.

Auckland waterfront venue timed for big events
Thousands of people will soon be able to see Auckland Council's biggest new building, the $32m Viaduct Events Centre on the waterfront.

<i>Brian Rudman</i>: Making Queen St a pedestrian mall won't fix tired old hick town look
We need better shop verandas and input from property moguls and their tenants.

Mayor out to save heritage pair doomed in secret deal
Council-owned industrial buildings at Wynyard Quarter earmarked for the axe.