The WestCity shopping centre in Henderson, Auckland, is being rebranded as WestCity Waitakere under new ownership and management. Continue →

The 17-storey Crowne Plaza Christchurch opening marks a milestone for the revitalised city. Continue →

Investor confidence in New Zealand’s industrial property market has increased across all the main centres, while sentiment in the office, retail and residential market has dipped Colliers International’s latest quarterly survey results reveal confidence in the overall commercial property market has dipped slightly to 22 per cent, down from 24 per cent the previous quarter. Continue →

A new industrial manufacturing facility has won the Supreme Award in the Property Council New Zealand Rider Levett Bucknall Property Industry Awards 2017 The Sistema manufacturing facility received the Rider Levett Bucknall Supreme Award, after being awarded the ‘Best in Category’ for the Yardi – Industrial Property Award at the annual black-tie gala dinner at Spark Arena in Auckland on 16 June. Continue →

Auckland Transport’s new bus routes will offer far greater convenience and travel options to the city’s retail centres according to an industry expert “The focus on frequent bus services to and from the major hubs is good news for Auckland’s retail centres,” says Campbell Barbour, chair of the New Zealand Council of Shopping Centres (NZCSC). Continue →

  Strong growth in Auckland’s metropolitan office market has been boosted by record low vacancy rates in the CBD, the latest Colliers International report has found The annual Auckland Metropolitan Office Research Report shows only 6.3 per cent of office space outside the CBD is vacant – well below the 10-year average of 8.2 per cent. Continue →

MBIE, working with the Ministry for the Environment (MfE), has released a set of new tools to help high- and medium-growth councils to better understand their local development markets for housing and business space Property Council member Patrick Fontein, and Auckland Branch President Phil Eaton, have been working with MBIE and MfE to ensure the tools available to councils provide realistic assessments of development ready land for housing and commercial development. Continue →

The Western Precinct of Titanium Park has secured a major new occupier, with international packaging and recycling business Visy confirming it is investing $100 million into the project Visy is building a three-hectare facility – reputedly the second-largest covered building in the Waikato – on an 8.5 hectare site within the industrial precinct. Continue →

New Zealand’s commercial property sector is continuing its strong run but is stabilising in line with international trends, recent research indicates   The latest IPD results from MSCI highlight the stabilisation of the global commercial property market, particularly for office and retail. Continue →

Beca has moved back into Christchurch’s CBD after a six-year hiatus in temporary offices following the Canterbury earthquakes Beca’s team of 320 is based in the new ANZ Centre, which utilises the latest in technology and base isolation. Continue →

Village Accommodation Group has continued its growth with the acquisition of the unique and boutique Ohtel on Wellington’s Oriental Parade “This boutique hotel is the perfect complement to our range of accommodation offerings in Wellington,” says managing director Adam Cunningham. Continue →

Budget 2017 scores a 7/10 from Property Council in recognition of improvements to both housing and infrastructure investment “After years of underinvestment, we are particularly pleased to see government attempting to beef up their funding and put in place some solid foundations for future growth,” says Connal Townsend, chief executive, Property Council New Zealand. Continue →

Demand for regional hotels is on the rise following a record number of hotel sales in New Zealand’s main tourism markets Colliers International National Director of Hotels Dean Humphries says the recent sale of two large regional hotels comes after more than $500 million of hotels changed hands in 2015/16, the strongest period on record in a decade. Continue →

The nominations for the annual National Property Council New Zealand Rider Levett Bucknall Property Industry Awards have been announced The Property Council Rider Levett Bucknall Property Industry Awards are an annual celebration of excellence in property development that shape city landscapes. Continue →

The Langham Auckland will be rebranded as Cordis, Auckland in November this year Cordis Hotels and Resorts is a new generation of selected upper upscale modern hotels by Langham Hospitality Group that is “devoted to the guests’ needs and well-being”, catering to both business and leisure travelers. Continue →

Chow Group Management Limited has awarded the hotel management contract for their Rotorua property to leading travel and lifestyle group, AccorHotels Currently undergoing an extensive refurbishment from a commercial building to a 130-room hotel, the property, just 500 metres from Lake Rotorua, will carry a 5-star brand and enhance Rotorua’s tourism offering. Continue →

A 71-unit Mount Maunganui residential development that has almost sold out off the plans is going ahead Salt.  Continue →

Property is New Zealand’s largest single industry according to a report by economists and research analysts, Urban Economics The 2016 Economic Significance of the Property Industry to the New Zealand Economy report, prepared for Property Council New Zealand, was based on analysis of the property industry’s economic contribution, size, value, and employment numbers. Continue →

Hawke’s Bay’s economic buoyancy and increased retail spending has produced a 13 per cent retail occupancy improvement, according to the Turley & Co Retail Premises Occupancy Survey The property strategists’ and valuers’ report of key retail precincts says overall mainstreet occupancy for the first quarter of 2017, improved 13 per cent on the previous quarter “reflecting Hawke’s Bay economic buoyancy and retail spending growth” says the report. Continue →

An earthquake of the same magnitude that struck Kaikoura in November last year would cost billions if it hit the capital directly, a new report claims The Forgotten Impact report by international risk management consultancy Deloitte estimates the country would sustain a $29 billion hit if a similar 7.8 magnitude quake occurred directly under Wellington. Continue →