Browsing: Property Trends

Property Trends
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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 →
Property Trends
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  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 →
Property Trends
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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 →
Property Trends
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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 →
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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 →
Property Trends
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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 →
Property Trends
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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 →
Property Trends
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  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 →
Property Trends
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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 →
Property Trends
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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 →
Property Trends
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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 →
Property Trends
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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 →
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If you were to be asked which commercial property market is being most affected by the Internet, a good guess would be retail says Knight Frank Head of Capitals Research Anthony Duggan The sector is undergoing major disruption as customers increasingly choose to shop via multiple channels and, in particular, mobile devices. Continue →
Property Trends
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A burgeoning equestrian centre designed as a stabling and dressage arena training facility for young horse riders in mid-Northland has been placed on the market for sale The freehold land and buildings at 12 Parry Road in Mangapai just south of Whangarei have been developed over the past four years as a showjumping venue, which doubles up as a short-stay horse accommodation business. Continue →
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