Precinct’s Commercial Bay
Precinct’s new 39-level commercial office tower spans 39-storeys
Commercial Bay hailed as Auckland CBD’s most transformational project. Continue →
Author Cornelia Luethi
NorthWest not superfluous
Owner Stride Property has put retailer concerns into context in terms of the bigger picture. Continue →
CleanNZ expo registration
Register now to attend the upcoming CleanNZ expo at the ASB Showgrounds. Continue →
New interest in The Base
Kiwi Property has also made an offer to acquire the balance of The Base for a further $197.5 million (in cash and shares), which will be reviewed by TGH and Waikato-Tainui in the weeks to come. Continue →
Brokered deals
Christchurch development site
JLL has sold a substantial Christchurch town house on a significant development site at 2 Bangor Street for $2,150,000. Continue →
Getting to grips with a $4.5 billion liability
Anyone leasing office space, retail premises or industrial property needs to get to grips with a $4.5 billion liability that could affect their business. Continue →
Offshore spend on commercial property
Overseas buyers spent $1.01 billion in six months on commercial properties in New Zealand. Continue →
Earthquake claims’ six-year limitation
The original Limitation Act 1950 covers the September earthquake claims and has a six-year limitation period from the event, so technically it runs out in September this year. Continue →
Comment from John Urlich
According to John Urlich, commercial manager at Barfoot & Thompson, investor demand remains strong and this quarter has ended positively, with the company’s team concluding a record number of transactions and many larger sales. Continue →
“Milking us dry”
When Australia’s largest dairy farm was sold to Chinese buyers recently, its biggest tabloid paper headlined that the government was “Milking Us Dry!” Continue →
Commercial property market continues its momentum
Both local and offshore investor demand for commercial and industrial property continues to outstrip supply. Continue →
More jobs on offer, but harder to land one
Amongst the sectors, roles in property and engineering suffered dips in average pay rates down 5.4 and 5 percent respectively, while trades and services jumped 6.2 percent. Continue →
Oyster Group granted MIS licence
Oyster Group is one of the first companies to get this licence from the Financial Markets Authority. Continue →
Marsden Maritime’s first-half profit lift
The company’s property holdings delivered a 33% gain in net surplus of $407,000 in the first half. Continue →
International departures ready for take off
Results out in February show that Auckland Airport’s revenue was up 11.6%, net profit was 18.6% (it rose to $115.8 million in the six months ended 31 December from $92.8 million in the year prior), and its dividend was up 16.4%. Continue →
Precinct’s profits
Commercial property investor’s net income down prior to major development phase in Auckland. Continue →
$34 million dollar asset freeze
Indian restaurant chain Masala has been linked to what is allegedly the biggest cache of property ever restrained by police. Continue →
Registrations now open for FM Summit 2016
The Facilities Management Association of New Zealand (FMANZ) has opened registrations for its annual flagship event. Continue →
Matting core component of commercial and industrial buildings
Matting Systems, established in 1999 in Christchurch, is a nationwide online supplier of a wide range of entrance mats, anti-fatigue mats and specialist rubber sheeting barrier tapes and self-adhesive safety treads. Continue →
Partnership delivers final showdown for legitimate tradespeople
Now, more than ever, tradespeople need to make sure they hold a current licence. Continue →