The impacts of COVID-19 has stalled New Zealand’s commercial property sector, with uncertainty over the long-term impacts driving a steep decline in market confidence, the Q1 2020 RICS New Zealand Commercial Property Monitor has found The quarterly market survey of New Zealand commercial property professionals released today by RICS shows that demand for commercial property from both occupiers and investors has stalled to begin 2020, leading to a dive in sentiment amongst investors and occupiers over the past three months. Continue →

Government and bank investment to stabilise commercial, office and industrial and residential property – and safeguard investors and their tenants – are essential to provide a platform for the recovery of the whole economy, says Nikki Connors The Reserve Bank of New Zealand told banks it would remove loan-to-value ratio (LVR) restrictions on residential mortgage lending for at least a year, with the idea that mortgage lending and feedback from banks would be monitored during what everyone expects to be a recessionary environment. Continue →

New Zealand’s $145 billion commercial property sector is facing hundreds of millions in lost revenue without further support, increasing the risk of stalling the economy, says Property Council New Zealand chief executive Leonie Freeman The challenges facing business are vast and unchartered. Continue →

$6.8 billion of transport projects were announced as part of the Big New Zealand Upgrade. Continue →

The travelling New Zealand public will know the Rainbow Point Motel well. Continue →

The new Westfield Newmarket, Auckland which opened in early October, has set a new standard in food and hospitality for New Zealand with its suite of modern cafes, food stores, The Eatery Food Hall and the amazing Rooftop On Broadway The Urban Developer The “jewel in the crown” of the development, the centre’s dining and entertainment offer is a design driven dining destination for the entire family. Continue →

With interest rates low and likely to go lower, many savers, depositors and investors are now in search for a higher yield on their funds, says James Kellow, Director of New Zealand Mortgages & Securities (NZMS) Kiwi investors love property with the medium to long-term lease income profile and net return of commercial leases attractive to them.  Continue →

IWG, the world’s leading flexible workspace provider, has launched a new franchise programme in New Zealand The programme allows New Zealand franchise operators to enter the booming workspace industry for the first time. Continue →

Commercial property investors in Wellington remain positive about the market despite the potential impacts of a proposed capital gains tax The latest quarterly Commercial Property Investor Confidence Survey by Colliers International reveals that buoyant business conditions are providing a positive environment for commercial property, with strong demand for all businesses servicing the domestic market. Continue →

Auckland and Wellington office landlords will hold the balance of power this year, while tenants will likely have more room for negotiation in Christchurch’s office sector, says Colliers International’s Director of Research and Communications, Chris Dibble Dibble says in Auckland, there is strong tenant demand, a shortage of available office space across the region and static net supply created from a development pipeline keeping pace with ongoing stock reductions from refurbishments and conversions. Continue →

Proptech innovation continues to change the way real estate is built, managed and used, from reducing construction costs and streamlining documentation processes to centralising building amenities with cloud-based solutions Proptech is one small part of a wider digital transformation attempting to fast track and enhance the property industry. Continue →

The strength of the sector may come as a surprise to some given much of Auckland’s housing market is going sideways, but the fervour for hotel developments has left the city short of top level office stock Good commercial buildings in downtown Auckland have never been worth more than they are today reckons James Kellow, a director with New Zealand Mortgages & Securities (NZMS), Auckland’s largest non-bank property development financier. Continue →

Auckland’s metropolitan office vacancy rate has edged downwards due to strong demand for new developments in the city fringe and suburbs, new research from Colliers International has found The latest Colliers Essentials report found the overall metropolitan office vacancy rate dipped to 6.0 per cent in March 2018, compared with 6.4 per cent a year ago. Continue →