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.
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.
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.
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