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NZ Occupier Update | 18 February 2020

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Local updates

  • The central government announced a $300M package aimed at getting homeless people into better accommodation. The package intends to add 1,000 more transitional housing places. More info here.
  • The Auckland City Mission, Ministry of Housing and Urban Development, and Ministry of Social Development announced the opening of Te Whare Hīnātore, an emergency housing apartment complex for woman in downtown Auckland. Colliers' Strategic Advisory is proud to have helped with securing the property for this great new facility. More info here.
  • WeWork are planning their first co-working space in Auckland. They have leased space at 131 Queen Street and are set to open in 2021. More info here.
  • RocketWerkz, a Dunedin based gaming studio, have leased the top two floors in the new Commercial Bay tower in central Auckland. More info here.
  • Tainui Group Holdings will develop new offices for ACC in Hamilton. The four level building will comprise some 8,500 sqm of space to suit 650 ACC staff. It is set to open in late 2022. More info here.
  • Sudima Hotels have announced a new 120 room hotel in Queenstown. The hotel is being developed by Clearmont Group and is expected to open during 2021. More info here.

Overseas updates

  • US based real estate investor Greystar plans to develop a $400M build-to-rent asset in Melbourne. The mixed-use development will have 500 apartments, 5,000 sqm of offices, and ground floor retail space. More info here.
  • A series of architecturally unique buildings are planned or under development in Vancouver. More info here.
  • Google is increasing its presence in Canada. It has leased a further 28,000 sqm of office space in the Waterloo region. Google expects to have 5,000 employees in Canada by 2022. More info here.
  • A $2.8B stadium in Las Vegas will become the world’s most expensive stadium ever built when it completed this year. The venue will hold 65,000 people. More info here.

Related Experts

Chris Farhi

Director | Strategic Advisory

Auckland CBD

Chris is a Director within the Strategic Advisory team. The team helps you with your big property decisions and complex transactions.

Chris' advisory work focuses on:

  • Decision making processes (eg property strategy, business cases, feasibilities, etc)
  • Tenant representation for large lease transactions (office,  industrial and specialist-use)
  • Multi-site networks (eg consolidation strategies, optimisation, etc)

Chris’ background in brief:

  • Property strategy advisor for some of New Zealand’s most successful private sector, public sector and non-for-profit organisations.
  • Tenant representative (tenant-paid lease negotiator) for organisations ranging from small-to-medium enterprises through to major listed companies and government agencies.
  • Specialist skills in commercial leasing, financial analysis and market research.
  • Part-time lecturer at the University of Auckland Business School and commercial leasing trainer for the Royal Institution of Chartered Surveyors.

Chris’ qualifications include Honours degrees in both Civil Engineering and Property from the University of Auckland, and a Master of Philosophy from the University of Cambridge, UK. He is a Chartered Member of the Royal Institution of Chartered Surveyors.

Outside of work, Chris is a combat engineer in the NZ Army Reserve and a keen baker.

View expert

William Silk

Analyst | Stategic Advisory

Auckland CBD

William joined the Strategic Advisory team as an Analyst  in the Auckland CBD office in 2019, after completing studies at The University of Auckland. 

Specialising in research, reporting and analysis to support strategic commercial proprety decision making. 

View expert