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.
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.
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.
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.
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