|
December 16 2011
Competition has returned to the Wellington office leasing market, with businesses jostling for space in good-quality, well-located A and B grade buildings with larger floor plates, says Steve Maitland of Colliers International.
|
 |
|
December 12 2011
This month we update our last twelve months history, and our next twelve months forecasts of rental and capital value growth for Christchurch, Wellington and Auckland. They show that the bottom of the market has been well and truly reached, with mostly either flat conditions or modest declines in values recently.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Hamilton Office, Wellington Office, Christchurch Brokerage, Alan McMahon, Leo Lee, Linda Bisman, Cherry Higginson
|
 |
|
December 12 2011
TelstraClear’s Wellington office is to move from CentrePort to the central business district following the biggest leasing deal in the capital this year.
|
 |
|
December 10 2011
A multi-tenanted commercial property in Albany, Auckland – which houses a high-spec warehouse and office building and a popular Italian bistro among other tenants – is being sold to investors by KCL Property under a proportionate ownership scheme.
|
 |
|
November 29 2011
Colliers International is today launching the Colliers Corporate Team Off-Road Triathlon, a new annual event which will raise funds for Cure Kids.
As the event’s principal sponsor, Colliers International is partnering with The New Zealand Herald, Todd Property Group and Geon to facilitate an exciting off-road corporate team race. The inaugural event will be held on March 4 2012 in the spectacular surroundings of Long Bay, North Shore.
|
 |
|
November 23 2011
Two heritage office buildings in the Chews Lane precinct on Victoria Street, Wellington have been sold to a Wellington-based family trust through Colliers International and Paul Hastings & Co.
|
 |
|
November 4 2011
One of Wellington’s most prominent waterfront office buildings, the 16-storey ASB Bank Tower at 2 Hunter Street, has come up for sale.
|
 |
|
November 4 2011
What should the local property market make of all the economic volatility and growth downgrades overseas? To a basic non-economist it means confidence will falter once again, and debt will become harder to find, not helped by New Zealand’s change of credit rating. The effect of that is not just on the property supply (ie development/investment) side of the equation but also on the demand side. Businesses holding back on investment and hiring decisions are less likely to want to move to new premises. Every participant will need more equity to make things happen.
Sales, Office Leasing, Retail, Industrial, Business Brokerage, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Hamilton Office, Wellington Office, Christchurch Brokerage, Alan McMahon, Leo Lee, Linda Bisman, Cherry Higginson
|
 |
|
October 28 2011
The land and buildings which house Unitec Institute of Technology’s North Shore campus at 10 Rothwell Avenue, Albany, Auckland is being sold to investors by Commercial Investment Properties Limited under a proportionate ownership scheme.
|
-100x66.jpg) |
|
October 19 2011
Three ground-floor shops are for sale in a block or individually.
|
 |
|
October 18 2011
A 2.5-HECTARE site in the heart of Upper Hutt which has been a sawmill for many years is on the market.
|
 |
|
October 10 2011
This month we concentrate primarily on the industrial property market. You may have seen the headline results of our investor confidence survey showing a slight dip in overall confidence, although there are still more optimists than pessimists. However looking at the industrial sector results for the main centres in more depth, it is clear that investor sentiment around the country is highly variable.
Sales, Office Leasing, Retail, Industrial, Corporate Solutions, Research & Consultancy, Investment, Auckland Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Wellington Office, Christchurch Brokerage, Queenstown Office, Wellington Valuation and Advisory Services, Alan McMahon, Leo Lee, Linda Bisman, Cherry Higginson
|
 |
|
September 19 2011
Construction company Ganellen is working painstakingly to ensure the design of its new building on the former Press site in Cathedral Sq will set a precedent of quality for the Christchurch CBD rebuild.
|
 |
|
September 19 2011
A high profile corner retail/commercial site in Rangiora, with real potential for further development, should have investors clamouring to purchase.
|
 |
|
September 15 2011
Overall vacancy sits at 5.4% in the Auckland retail market, up from 4.5% in June 2010.
Sales, Office Leasing, Retail, Real Estate Management, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Christchurch Property Management, Dhilan Balia, Alan McMahon, Leo Lee
|
 |
|
September 2 2011
Plans are being produced at a considerable pace in both Christchurch and Auckland. The draft Auckland Plan is finished although not yet published. It is intended to be a plan for better co-ordination and better investment, not just a land-use plan. It precedes and will influence the new Unitary Plan, or District Plan, which should be largely complete by the end of the next year. These are each massive pieces of work and have significant implications for residents, businesses, land owners, and investors.
Sales, Office Leasing, Retail, Industrial, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Alan McMahon, Leo Lee
|
 |
|
August 5 2011
We monitor around 1.27 million square metres of Wellington CBD office space. Our new survey reveals that while vacancy has remained stable in the first 6 months of 2011, rising only marginally from 9.9% to 10.0%, an increasing proportion of vacant space is concentrated in C grade properties.
Sales, Office Leasing, Retail, Industrial, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon, Leo Lee
|
 |
|
August 4 2011
Overall vacancy sits at 12.2% in the Auckland CBD office market, up from 10.9% in June 2010.
Sales, Office Leasing, Real Estate Management, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon, Leo Lee
|
 |
|
August 1 2011
With Rangiora a growing hive of activity since February, retailers are queuing for space in a high profile new development on the corner of Ashley and Blackett Sts.
|
 |
|
July 27 2011
With prime vacant residential land like gold in Christchurch, an 11ha site in Papanui might be seen as a developer’s dream.
|
 |
|
July 16 2011
AN EMPTY Manners St office block owned by Wellington property developer David Blackmore is up for mortgagee sale.
|
 |
|
July 8 2011
This month we update our Auckland CBD office vacancies. As we forecast, it shows a continuing upward trend, across both prime and secondary grade buildings.
Sales, Office Leasing, Retail, Industrial, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon, Leo Lee
|
 |
|
July 7 2011
Investors reassessing their property portfolios have created attractive new opportunities in the local market, according to Noel Gilchrist, investment sales manager of Colliers International in Christchurch.
|
 |
|
June 24 2011
Overall confidence increased from -3% to 10%, the most optimistic result recorded since the inception of this survey
Sales, Office Leasing, Retail, Industrial, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Dhilan Balia, Alan McMahon, Leo Lee
|
 |
|
June 23 2011
Highly experienced office leasing specialist Ryan Geddes has joined Colliers International in Christchurch.
|
 |
|
June 23 2011
Plans are under way for a substantial industrial design-build at 632 Main South Rd, Hornby.
In a deal that has taken 18 months to broker, industrial specialists Gary Seear and Brian Adams of Colliers International in Christchurch, have sealed the deal on the industrial Greenfield site.
|
 |
|
June 3 2011
This month we provide update annual forecast for Christchurch, Wellington & Auckland's commercial markets. Generally they reinforce the picture of stabilisation as a pre-cursor to recovery, that we have noted in recent data.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Wellington Valuation and Advisory Services, Christchurch Valuation and Advisory Services, Dhilan Balia, Alan McMahon, Leo Lee
|
 |
|
May 18 2011
Commercial tenants are keen to return to the Christchurch CBD, and most would like to do so within the next two years, according to a survey of landlords and tenants by Colliers International in Christchurch.
|
 |
|
May 6 2011
The Government’s focus on using its office accommodation portfolio more efficiently includes setting a target of around 16m2 per full time equivalent (FTE) across the portfolio.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Wellington Valuation and Advisory Services, Dhilan Balia, Alan McMahon, Leo Lee
|
 |
|
April 13 2011
Colliers International has won all three awards at the annual Royal Institution of Chartered Surveyors (RICS) New Zealand Awards at Tuesday evening’s Annual Global Property Seminar in Auckland.
Sales, Retail, Industrial, Corporate, Investment, Auckland Office, Whangarei Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Gisborne Office
|
 |
|
April 8 2011
Total returns for commercial property as measured by the PCNZ/IPD Investment Index in the chart to the right show a pleasingly cyclical nature.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Wellington Valuation and Advisory Services, Dhilan Balia, Alan McMahon
|
 |
|
March 25 2011
Overall confidence increased from -8% to -3%, the highest since June 2009.
Sales, Office Leasing, Retail, Industrial, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Dhilan Balia, Alan McMahon
|
 |
|
March 23 2011
Overall vacancy sits at 10.7% in the Auckland metropolitan office market, down from 11.5% in March 2010.
Sales, Office Leasing, Real Estate Management, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Dhilan Balia, Alan McMahon
|
 |
|
March 14 2011
THE SilverOaks Hotel on Thorndon, the former Sharella Motor Inn on Glenmore St, Thorndon, is being sold with seven other hotels in Auckland, Hamilton and Rotorua.
|
 |
|
March 4 2011
Industrial vacancy in Auckland has shown another sharp decline, reducing to 5.2% overall from 6.6% in August 2010, and 7.1% February 2010. Factors contributing to the reduction are modest rise in demand combined with virtually no uncommitted supply. The reduction was reasonably consistent across Auckland with eight of the ten monitored precincts falling, only New Lynn and Mairangi Bay increased.
Sales, Office Leasing, Retail, Industrial, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Wellington Valuation and Advisory Services, Christchurch Valuation and Advisory Services, Dhilan Balia, Alan McMahon
|
 |
|
February 4 2011
Welcome to the first monthly research report of 2011. They will be arriving in your mailbox in the first week of each month for the rest of the year.
We have completed our CBD office vacancy surveys for Auckland and Wellington and the results appear on page two. In Wellington, all grades show increased vacancy but as forecast, it is the lower grades that are suffering most.
Sales, Office Leasing, Retail, Industrial, Character Space, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Wellington Valuation and Advisory Services, Christchurch Valuation and Advisory Services, Dhilan Balia, Alan McMahon
|
 |
|
December 17 2010
Commercial property confidence has increased across all of New Zealand, according to Colliers International's latest quarterly confidence survey
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Dhilan Balia, Alan McMahon
|
 |
|
December 3 2010
And what have we done? What we’ve done is continue the slow – very slow – climb out of recession into growth, but in property market terms there are some key differences between the current, and previous, recoveries. Typically in the past, commercial property market cycles have followed similar cycles in the three main centres. 2010 could be remembered as the year when city cycles started going at different speeds, and one or two were seen to wobble.
Sales, Office Leasing, Retail, Industrial, Character Space, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
November 30 2010
ONE of Wellington’s more prominent hotels, Molly Malones Irish bar and restaurant, on the corner of Courtenay Pl and Taranaki St, is on the market for about $4 million.
|
 |
|
November 24 2010
Three freehold hospitality properties have changed hands recently.
An undisclosed local investor has bought the freehold of the Holy Grail in Worcester St for $2.1 million. The property was previously owned by CEA Property (in receivership).
Philip Cooper, an investment broker with Colliers International in Christchurch, said the Holy Grail represented a good investment opportunity.
|
 |
|
November 24 2010
The receivership sale of 343 Moorhouse Ave, adjacent to the bustling Countdown and Burger King complex, is a huge and unusual opportunity for prospective purchasers.
Colliers International has been appointed by receivers KPMG to sell the high profile property, owned by Australia’s Letton Group. The adjacent supermarket complex was successfully syndicated by Ocean Partners last year.
Brokers Dick Thomas and Merv Davies said there was a huge opportunity for prospective buyers to add value by completing the 1760m2 building, which also has 31 car parks.
|
 |
|
November 5 2010
New vacancy data for the metropolitan Auckland office markets this month show an encouraging trend. Just as economic decisions such as the setting of the Official Cash Rate have a lag time before they have any effect, so the impact of minimal new suburban office supply since 2008 is at last manifesting itself in reduced vacancy.
Sales, Office Leasing, Retail, Industrial, Character Space, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
October 23 2010
MIRAMAR’S Commercial Print is planning a major extension and is looking to sell its Park Rd property under a leaseback arrangement to fund it.
|
 |
|
October 16 2010
FOODSTUFFS is selling the land beneath Thorndon New World supermarket.
|
 |
|
October 12 2010
IN JULY 1964, a huge crowd of Wellington teenagers screamed when their idols – the Beatles – walked out on to the balcony overlooking the corner of Willis and Manners streets.
|
 |
|
October 12 2010
UPPER Hutt developer and agent Malcolm Gillies appears to have taken a loss on the sale of an office block in Wakefield St, Wellington.
|
 |
|
October 8 2010
The number and value of settled sales of commercial property over $2m for the year to September in the three main centres is around $1.5 billion, in over 200 transactions. While the market is clearly active, it is less than half the activity, whether measured by number or value of transactions, in the year to September 2007. From our knowledge of recent transactions we expect a strong finish to the year as these deals settle.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
October 5 2010
At a time when vacant residential land close to the CBD is under pressure, the sale of the Maltworks Estate in Heathcote is likely to attract interest from developers.
The 4.1ha site is among nine local properties, with an estimated combined value of approximately $13 million, being put up for auction on October 28 by Colliers International in Christchurch.
|
 |
|
October 1 2010
Major research report discussing the latest market indicators including vacancy rates, rents, capital values, yields and transactions in New Zealand's industrial market sector.
Sales, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
September 24 2010
Commercial property confidence has dipped across virtually all of New Zealand, according to Colliers International's latest quarterly confidence survey.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Dhilan Balia, Alan McMahon
|
 |
|
September 21 2010
WELLINGTON real estate agent Bill Leckie has stitched up another big office block deal in Auckland – the sale of Fonterra House for about $40 million.
|
 |
|
September 17 2010
The current extension of the Southern Motorway is set to benefit a large property in the industrial hub of Hornby, which has just been put up for sale by owners Landpower NZ Ltd.
|
 |
|
September 17 2010
The leasehold of the long-serving Oxford on Avon hotel, nestled on a prime river site in Colombo St, is being sold by the owners after 18 years in the business.
|
 |
|
September 10 2010
This month we look at new industrial vacancy data for the Auckland and Wellington markets, and analyse the implications of the new IPD/PCNZ investment performance data. For the first time we have separated Auckland industrial into prime and secondary quality. The results show that it is the prime sector which is moving ahead.
We also provide updated quarterly indices for each sector and, on page six, touch on the results of our new Workplace Report 2010 which provides the market with robust benchmarks for office occupation.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
September 6 2010
Businesses in multi-storey buildings in Christchurch should take care before sending their people into work on Monday, according to Colliers International, which manages over 50 multi level buildings in the CBD.
|
 |
|
August 20 2010
Colliers International has produced reports on the utilisation of
office space in Auckland CBD periodically since 1998, analysing
trends in density, or space per person, and cost per person. This
year for the first time we have expanded the study to include
the CBD’s of Wellington, Christchurch, Hamilton & Dunedin in
addition to Auckland.
Request your copy now...
Office Leasing, Real Estate Management, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, Hamilton Office, Wellington Office, Christchurch Brokerage, Wellington Valuation and Advisory Services, Christchurch Property Management, Auckland Property Management, Wellington Property Management, Christchurch Valuation and Advisory Services, Corporate Solutions Wellington, Corporate Solutions Auckland, Dhilan Balia, Alan McMahon
|
 |
|
August 6 2010
Weak retail spending hasn’t yet dampened retailers’ enthusiasm for shops in the well-established prime locations in Wellington CBD, where vacancies continue to trend down, in most precincts at least. Margins however continue to be squeezed and retail categories linked to the household sector are under particular pressure.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
August 5 2010
Retail landlords’ fortunes depend largely on their tenants’ ability to run a successful retail business. This interdependence is more marked in retail than other property sectors. Download full report for more.
Sales, Office Leasing, Retail, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Dhilan Balia, Alan McMahon
|
 |
|
July 30 2010
Alan McMahon B.Sc.(Hons), FRICS, MPINZ, AREINZ has been appointed by the Royal Institution of Chartered Surveyors (RICS) Oceania Board as the new Chair of RICS New Zealand.
|
 |
|
July 27 2010
CENTREPORT’S plan to sell a 50 per cent share of its Wellington waterfront office portfolio has generated a lot of interest, says Colliers International agent Bill Leckie.
|
 |
|
July 22 2010
As Christchurch continues to consolidate its reputation as a logistics and transport hub, strategically located land for such industrial use is rapidly diminishing.
The new 30ha Portlink Industrial Park in Christchurch’s Port Hills area is poised to meet the rapidly growing demand for industrial land near Lyttelton Port. Just launched onto the market by Arcus Developments Ltd, part of the Arrow Group, Portlink is the only available greenfield site of significant scale in the area.
|
 |
|
July 20 2010
LEVEL two of the new Chews Lane complex off Willis St has been put up for sale by its private Wellington investment company owners.
|
 |
|
July 20 2010
Any organisation with an office lease expiry in the next five years would be well advised to consider a couple of key indicators in this report.Download full report for more.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Wellington Valuation and Advisory Services, Christchurch Valuation and Advisory Services, Dhilan Balia, Alan McMahon
|
 |
|
July 10 2010
Eight units affordable and in good location
|
 |
|
July 9 2010
One of New Zealand’s oldest hotels, the historic Cardrona Hotel near Wanaka, is about to be offered for sale as a Freehold Going Concern (including land buildings and business).
|
 |
|
July 9 2010
This month we try to solve the mystery of why office vacancy is trending up but is currently going down, and how investors can feel things have got better for the last year but are going to get worse, all against a mysterious background of magically disappearing depreciation.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
June 28 2010
Colliers International is pleased to announce the opening of a Property Management business in the Hawkes Bay based in our local office at Napier. The business is to be jointly run by Simon Tremain of Colliers Hawkes Bay and Evan Harris of Colliers International Property Management.
|
-100x66.jpg) |
|
June 28 2010
A piece of Christchurch’s pioneering history is for sale with the marketing of the historic Nurse Maude building at 192 Madras St.
|
 |
|
June 25 2010
Colliers International’s latest quarterly commercial property confidence survey shows that the industrial sector is leading a new recovery in commercial property confidence levels.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Alan McMahon
|
 |
|
June 4 2010
The IPD/PCNZ index for the year to March 2010 is encouraging. All the main sectors have been recording negative overall returns for several quarters, as positive income returns were overwhelmed by falls in capital value.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
June 2 2010
Our investor confidence survey started showing negative sentiment among industrial investors in mid-2007. At that time confidence in the office market was distinctly upbeat. Now, as confidence levels recover and threaten to tip back into positive territory, it is industrial sentiment that leads the way with office lagging.
Sales, Office Leasing, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Wellington Valuation and Advisory Services, Christchurch Valuation and Advisory Services, Dhilan Balia, Alan McMahon
|
 |
|
May 27 2010
Colliers International announces that it has won a three year contract to manage specialist nationwide retail chain Plumbing World’s property requirements across the country.
|
 |
|
May 7 2010
This year’s budget promises to be the most significant for commercial property for many years. While there are potential positives in terms of, for example, reduced personal tax, attention is now focused largely on the possible removal of building depreciation allowances.
Sales, Office Leasing, Retail, Industrial, Corporate Solutions, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
April 23 2010
Colliers International announces that it has won a major three year contract to manage all of Vodafone New Zealand’s property requirements across the country.
|
 |
|
April 10 2010
INVESTORS have shown keen interest in the sale of the police national headquarters building.The 17-storey block at 180 Molesworth St has been put up for sale by Multiplex New Zealand Property Fund.
|
 |
|
April 9 2010
As values stabilise, owners and their financiers may offer more troubled assets for sale. In addition, continued receiverships will trigger an increased volume of property for sale.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
March 26 2010
Colliers International’s latest quarterly commercial property confidence survey shows that overall confidence levels have dropped since the most recent survey in December, particularly in the main centres.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Alan McMahon
|
 |
|
March 26 2010
Colliers International announces that property management business H G Livingstone Ltd will be rebranded to trade under the name Colliers International Property Management as of Wednesday 31st March 2010.
|
 |
|
March 17 2010
Our last Auckland Metropolitan office report a year ago was headlined ‘Brakes Applied to Metro Market’. Since then the engine has been shifted to neutral and is barely turning over. Almost all proposed developments have been postponed or cancelled. Vacancy overall at 11.2% is a modest 0.6% up from six months ago, very similar to the CBD’s vacancy of 11.5%.
Sales, Office Leasing, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
-97x130.jpg) |
|
March 8 2010
OWNERS of the Farmers department store chain have paid $33 million to buy the landmark block that its Lambton Quay Farmers store operates from.
|
 |
|
March 5 2010
The industrial property market is still being seriously squeezed, with over 650,000 square metres of warehouse and factory space empty across Auckland, but there are signs that the pressure is easing.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
February 5 2010
Welcome to our first report of 2010. From now on we are publishing in the first week of each month. We have a new year, but do we have a new look for 2010? Our new data may give some clues to the year ahead.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
December 18 2009
Colliers International’s December quarter commercial property confidence survey shows that confidence levels across the country have flattened since September.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Alan McMahon
|
-100x60.jpg) |
|
December 18 2009
The headline reflects our hopes for the summer holiday weather rather than a sunny outlook for the property market in 2010. Our new confidence and vacancy survey results suggest that there are still clouds on the horizon.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
December 4 2009
After stalling in late 2007, the industrial property engine is running again, but only in first gear. Market conditions in the industrial property sector mirror conditions in the other non-residential sectors.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
November 27 2009
Significant property sales in the main centres, so far in 2009, have reached $1.16 billion, 22% ahead of 2008’s total of $942 million with a month to go. This is the total of retail, industrial, office and mixed commercial use sales over $2 million. Auckland’s total is well up on 2008, Wellington is slightly up and Christchurch is down.
Sales, Office Leasing, Retail, Industrial, Character Space, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
November 18 2009
A rare parcel of freehold land adjacent to Christchurch International Airport is soon ot be developed by owners Calder Stewart.
|
 |
|
November 12 2009
In Auckland’s industrial heartland of Onehunga, Penrose and Mt Wellington, Colliers International’s industrial leasing team offers real expertise in operating on both sides of the landlord–tenant divide, helping tenants navigate the property market and finding new occupiers for landlords hungry to fill their space.
|
 |
|
November 5 2009
Colliers International is celebrating 20 years in New Zealand. Like the first days of the business in 1989, times are tight. However, the Colliers proposition is much stronger now than in those fledgling days.
|
 |
|
November 3 2009
NEARLY three hectares of Wellington warehouse space is up for lease as supermarket giant Foodstuffs prepares to shift operations to a giant new distribution centre in Palmerston North.
|
 |
|
November 3 2009
Heart of Horowhenua: Levin Mall is being sold after the Durney Group was forced to restructure to put liquidity back in the company.
|
 |
|
November 3 2009
LAND Equity Group managing director Donald Stott is now selling off one of the penthouses and a small shop on the ground floor of the large block his family trust owns on the corner of Taranaki and Wakefield Sts.
|
 |
|
November 2 2009
The grand old property on Martinborough Square has been a town focal point since it was built in 1882.
|
 |
|
November 2 2009
A TINY shop in the heart of Lambton Quay, which has gone on the market for the first time in decades, offers a rare chance for investors looking to get a toehold on Wellington’s golden mile.
|
 |
|
November 2 2009
Hilton Haulage is looking to sell then lease back its 1 hectare of prime industrial land in Hillsborough, Christchurch.
Situated beside the Lyttelton Port Companies “inland port” and adjacent to the main rail line, the site has three points of access as well as an enormous area of space for future development.
|
 |
|
November 2 2009
A prime Newtown site, just across the road from Wellington Hospital, that has been used by Collins Motors for half a century, is up for auction.
|
 |
|
November 2 2009
A TAWA building with an unusual mix of industrial, retail and residential tenants is going up for auction next month.
|
 |
|
October 29 2009
As we ride out the economic storm, commercial landlords continue to struggle with declining values, pressure on rents and increasing incentives, but in a country which finds itself on the outer edges of the economic storm.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
October 19 2009
A prime retail site is on offer, fronting onto one of Christchurch’s busiest thoroughfares.
Up to 960m² of space is available at 81 Clarence St, Riccarton, in a complex that has the added advantage of being alongside Tower Junction Mega Centre.
|
 |
|
October 10 2009
ONE of Wellington’s best-known cafes, Astoria at Midland Park in Lambton Quay, is for sale as a going concern after almost 14 years of trading under the same ownership.
|
 |
|
September 25 2009
September monthly report includes our regular quarterly updates of the rental and capital indices. In general we are still seeing easing of rental and capital values, some declines slowing and others gathering pace. Sometimes evidence of rental changes in particular take time to show.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
September 23 2009
Reduced rental growth expectations, combined with thin investor and tenant demand have combined to depress office property value, across the country during 2009.
Sales, Office Leasing, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
September 21 2009
Colliers International’s September quarter commercial property confidence survey shows that confidence levels across the entire country are rising sharply, with the first positive confidence result taking place in the Tauranga / Mt Maunganui region.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Alan McMahon
|
 |
|
September 14 2009
Danny Schuster, the acclaimed North Canterbury viticulturalist, is keen to work in with any potential buyer of his winery, which was placed in receivership last month.
|
 |
|
September 11 2009
The largest office tower in the South Island, PricewaterhouseCoopers Centre in Christchurch, is being put on the market by owners Kiwi Income Property Trust.
|
 |
|
September 9 2009
The hive of activity at Ferrymead Central, on the doorstep of Christchurch’s affluent hill and seaside suburbs, has even surprised developer Tim Carter of the Carter Group.
|
 |
|
September 3 2009
With more than $1 billion spent on construction in Queenstown over the past five years, the resort town is poised for renewed growth in 2010.
|
 |
|
August 31 2009
After a few months of pretty bleak commentary it is refreshing to be able to record some positive signs. Firstly the decline in the industrial property market is slowing. Rents have declined and vacancy increased, but not dramatically.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
August 29 2009
Goodyear & Dunlop Tyres (NZ) Ltd has adopted a strategy to sell and lease back its properties, resulting in the last property owned by the company in New Zealand being offered for sale.
The freehold warehouse and office property with a 12 year lease at 1 Turin Place, East Tamaki, will be sold by auction at midday on Wednesday, September 9 at Colliers’ Highbrook office at Level 1, 52 Highbrook Drive.
|
 |
|
August 27 2009
The small number of commercial properties changing hands in central Queenstown is making it difficult to benchmark where values now lie.
|
 |
|
August 24 2009
INSURANCE giant AMP has sold its grand old former New Zealand head office on Customhouse Quay to a private overseas investor for $29.6 million.
|
 |
|
August 24 2009
The departure of hair salon Ginger Meggs from the historic building it has occupied in Merivale for the past 23 years paves the way for a new entrant to lease the prime spot.
|
 |
|
August 24 2009
Originally built for New Zealand's Navy, but having been in commercial hands for at least a decade now, a large, securely tenanted, two-unit office warehouse complex has come on to the market at 4C & 4D Rothwell Ave in the North Harbour industrial estate.
|
 |
|
August 20 2009
A big open shed on Auckland's North Shore is being transformed into the functional headquarters of an international marine business thanks to a joint effort by KCL Property and Colliers International.
|
 |
|
August 18 2009
SUPERMARKET giant Foodstuffs is poised to throw its arch-rival Progressive Enterprises out of another of its stores – this time in New Plymouth.
|
 |
|
August 6 2009
Widespread interest from diverse groups is expected in Queenstown’s Stormcat Lodge, which has just been put on the market after being placed in receivership in May.
The impressive Arthurs Point Rd accommodation complex at the base of Coronet Peak, opened its doors last year and is aimed at having the flexibility to cater for either seasonal workers or short term visitors in the tourist town. It has 98 rooms, mostly studio units and is set on 1.42ha of land, which has consents in place for future development.
|
-100x66.jpg) |
|
July 31 2009
Premium Christchurch property Airways Corporation is being offered for syndication by flourishing Timaru syndicator Commercial Investment Properties Ltd.
|
 |
|
July 31 2009
Investors starved of quality offerings are expected to keenly bid for six South Island properties being offered by Colliers International in its Mainland Auction campaign.
Investment brokers Dick Thomas and Craig Thiele, who are heading the campaign, make no secret of the fact that high calibre properties remain scarce as owners bide their time until more stock becomes available.
|
 |
|
July 30 2009
There are plenty of data available for those wishing to be optimistic about the outlook for retail property. Sending was up in April and May, immigration is becoming stronger, and vacancy in both retail and offi ce markets is well below levels that were seen in previous recessions.
Sales, Retail, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Investment, Auckland Office, Whangarei Office, North Shore Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Queenstown Office, Dunedin Office, Dhilan Balia, Alan McMahon
|
 |
|
July 28 2009
The investment universe belongs to the private investor. In the continuing absence from the market of publicly listed entities, except of course in the role of vendor, it is high net worth individuals and private companies who have the field to themselves.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
July 18 2009
WELLINGTON investors have bought a building on Masterton’s ‘‘No 1’’ corner, formerly owned by property mogul Sir Robert Jones.
|
 |
|
July 15 2009
Scott Mitchell is pondering what to cook for his eight staff next Friday lunchtime. By his own admission he does not have a large repertoire.
It’s a new policy in place at the Christchurch offices of commodity exporter Gardner Smith. Each month one of the eight staff has to take a turn at cooking lunch for their colleagues in the swish kitchen of their new premises.
|
 |
|
July 3 2009
Colliers International’s latest commercial property confidence survey shows that confidence levels in Auckland and Wellington are rising sharply from the previous record lows recorded in March. Optimism is sharply up in Auckland and Wellington for the first time since a steady downward trend began in March 2007. However, levels have held steady in Christchurch.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, Whangarei Office, North Shore Office, South Auckland Office, Hamilton Office, Tauranga Office, Hawkes Bay Office, Palmerston North Office, Wellington Office, Christchurch Brokerage, Nelson Office, Queenstown Office, Dunedin Office, Alan McMahon
|
 |
|
June 29 2009
CBD retail vacancy has gone up, CBD office vacancy has gone up, and market rental and capital values have fallen away across the three main centres so far this year.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
June 17 2009
Tax has always been an important consideration in property transactions, and sale and leasebacks are no exception, says Ernst & Young partner, Ben Willems.
While non-tax factors will drive the process, addressing tax matters from the outset will ensure you minimise the overall tax cost of the process, and maximise the overall value from a sale and leaseback.
|
 |
|
May 29 2009
In the six months since the publication of our last in-depth Auckland Industrial report, the same economic forces at work then, have continued to shape the market. According to Colliers International's latest market indicators report, a reduction in the numbers and value of property transactions, weakening demand, softening yields and a decline in land values are all illustrative of these economic constraints.
|
 |
|
May 29 2009
The PCNZ/IPD investment index for the year to March 2009 has been released. The numbers reveal that, for the first time since the composite index was published in 1993, total return was negative, as steady income returns were overwhelmed by declining capital values.
Sales, Office Leasing, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, North Shore Office, South Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |
|
May 29 2009
Opportunity not to be missed - Strategically located within the eastern CBD waterfront precinct, 32-34 Mahuhu cres borders Parnell village and is close to Britomart Transport Hub, cafes and restaurants.
|
 |
|
April 29 2009
New Zealand owned transport and logistics company, NZL Group, has moved its Auckland headquarters, warehouse and loading facilities to East Tamaki to consolidate its operations and cater for future growth.
|
 |
|
April 27 2009
Nick Hunt, the Christchurch investor who recently bought Shades Arcade, has put the final piece of his jigsaw in place by buying the neighbouring property in Hereford St.
|
 |
|
April 24 2009
The findings of our recently published Auckland Metropolitan Office Report are consistent with our other research papers over the last year. Reducing supply, reducing demand, reducing values. About the only thing that hasn’t reduced is vacancy.
Sales, Retail, Industrial, Valuation and Advisory Services, Corporate Solutions, Research & Consultancy, Auckland Office, Wellington Office, Christchurch Brokerage, Dhilan Balia, Alan McMahon
|
 |