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 →

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 →