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 →

New Zealand’s ongoing tourism boom is continuing to drive unprecedented growth in hotel occupancy and room rates, new research from Colliers International shows The latest New Zealand Hotel Market Snapshot shows Queenstown and Auckland are continuing to outperform the hotel sectors in other regions. Continue →

  There has been a dramatic spike in Wellington office sector confidence reaching 39 per cent, the highest result recorded since the survey began in 2006 according to the Colliers International New Zealand Q1 2017 commercial investor confidence survey Post-quake activity in Wellington has seen a 7 per cent reduction in office stock, pushing vacancy rates down in the CBD. Continue →

The best of the property sector in New Zealand will be celebrated at the Property Council New Zealand Rider Levett Bucknall Property Industry Awards 2017  All the following finalist properties will be showcased and award winners announced at the gala dinner event, which will be held at the Vector Arena, Auckland, on 16 June. Continue →

The New Zealand Green Building Council (NZGBC) has achieved a market-leading 5 star NABERSNZ Tenant rating for its Auckland office, an improvement of half a star from last year’s rating A system for rating the energy efficiency of office buildings, NABERSNZ is an independent tool, backed by the New Zealand government. Continue →

Auckland’s new apartment market is booming, with a record number of apartments due to be completed over the next two years The latest biannual Colliers International Auckland Residential Development Report has found the highest number of apartment completions in more than a decade is expected this year. Continue →

Francis Molesworth outlined his vision for the new city of Wellington in 1841 but he wouldn’t recognise the changes nature has wrought and continues to wreak, says Property Council Chief Executive Connal Townsend By blending 19th century thinking around planning with the inhospitable Wellington terrain, Molesworth came up with a grid configuration centered on a canal running from Thorndon Harbour to a large inland shipping basin. Continue →

Auckland’s industrial property shortage has hit record levels, with the latest Colliers International survey finding the lowest vacancy rate in more than 20 years The monthly Colliers International Research Report shows Auckland’s overall industrial vacancy rate is 2.1 per cent. Continue →

  Queenstown took the lead during New Zealand’s most buoyant period of hotel transactions in a decade, notching up the both largest sales volume and the biggest individual transaction Colliers International’s hotel sales survey has found more than $500 million of hotel inventory changed hands in 2015/16, the strongest period on record since 2005/06. Continue →

Liveability and creating healthy communities will be the focus of future cities according to international sustainability experts  Katie Swenson, a US-based leader in sustainable design for low-income communities emphasised the importance of well designed, sustainable and affordable housing. Continue →

Property Council welcomes the release of the Productivity Commission’s Better Urban Planning Report as independent proof that New Zealand’s planning system can no longer address the ever-growing challenges of our cities Chief Executive Connal Townsend believes the report provides the starting point for a national conversation about the future of our cities’ planning system. Continue →

Investor confidence in New Zealand’s commercial and residential property markets remains positive, the latest Colliers International survey results show But the research also reveals a tale of two post-quake cities, with investors remaining optimistic about the Wellington market and more negative about Christchurch. Continue →

Owners of major property portfolios are moving to benchmark all their buildings for energy efficiency as the advantages of owning energy-efficient buildings become more obvious, says the New Zealand Green Building Council (NZGBC) Chief Executive, Andrew Eagles, says both tenants and property owners are realising the benefits of greener buildings. Continue →

Demand for Auckland retail space remains strong, particularly for lower Queen Street and Britomart space, according to the latest JLL report  Auckland Retail Pulse 1st quarter highlights the lack of options available to occupiers has resulted in another period of rental growth, with average prime rents increasing to NZD 2,925psm in 4Q16, up from NZD 2,300psm in 4Q15. Continue →

A world-class luxury hotel is planned for the last remaining waterfront site in downtown Auckland Viaduct Harbour Holdings Limited has announced plans for the redevelopment of One Market Square, a site at the heart of the Viaduct Harbour that was previously occupied by the Simunovich Fisheries building. Continue →

Paying a premium for greater resilience could be among the long-term outcomes of last year’s November 14 quake, says a Wellington CBD office leasing specialist Steve Maitland of Colliers International says organisations will also look beyond the CBD as satellite offices become a more attractive option.  Continue →

Chow Group Management Limited (CGML) has announced a multimillion-dollar investment into the refurbishment of their 89 Courtenay Place tower in Wellington Upgrades will bring the new building standard rating to 88 per cent, making it one of the highest rated office towers in the area. Continue →

Tauranga’s commercial property boom is continuing on the back of an exceptional year All five properties  in Tauranga, Mount Maunganui, Te Puke and Taup sold at the latest Colliers International auction on Friday for a total of $10.9 million. Continue →

One of the foremost next-generation office buildings in a pivotal gateway position in Christchurch’s desirable corporate West End district is on the market The PwC Centre that is strategically located at 60 Cashel Street is for sale along with a developable car parking site at 38 Cashel Street. Continue →