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 →

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 →

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 →

Auckland in the 1990s was a very different city, Property Council Chief Executive Connal Townsend recalls It saw itself as something it was not, at least not yet.   Continue →

Auckland Airport and Tainui Group Holdings have announced an agreement to develop a new 5-star hotel adjacent to Auckland Airport’s international terminal and the existing 4-star Novotel hotel. Continue →

Early childhood education is big business in New Zealand and right now it’s a seller’s market as developers and investors seek to capitalise on the surge in demand for places at childcare centres “Childcare is all the rage in the commercial property market,” says Bayleys’ National Director Commercial and Industrial John Church. Continue →

This year will be one of opportunities and some challenges for commercial and industrial property investors, says Bayleys’ National Director Commercial and Industrial John Church Many of the factors that made last year one of the busiest ever for the commercial and industrial property market remain intact: an already strongly performing economy is forecast to get even stronger this year, which should continue to result in high levels of business, investor and consumer confidence which helps fuel leasing and sales activity interest rates, although likely to edge up a little this year, will still be at very low levels while yields have followed interest rates down, the return on equity from commercial property investment remains attractive compared to returns from bank deposits and bonds property provides a more stable investment choice than more volatile equity markets low vacancy rates across most market segments have removed much of the tenancy risk associated with purchasing commercial property these high occupancy rates are also providing rental income growth for investors, which will continue this year as the development sector is still some way off fully catching up with demand for new premises. Continue →

The first post-quake survey of Wellington office vacancies has found the most acute shortage of space in almost a decade The survey by Colliers International’s Research and Consultancy team has revealed only 7.8 per cent of office space in Wellington’s CBD was vacant last month, down from 10.5 per cent shortly before last year’s quake, and 11.9 per cent in June 2016. Continue →

The globally recognised luxury accommodation property Greenhill Lodge is on the market, offering a new owner an exciting opportunity to own a piece of Hawke’s Bay history. Continue →

The century-old historic building which once housed Hawke’s Bay’s premier entertainment venue – hosting scores of concerts by New Zealand’s biggest musicians – has been placed on the market for sale. Continue →

The largest commercial property sales and leases completed in the Christchurch central business district in 2016 illustrate the positive impact the rebuild is having on national and international players’ perception of the city, according to Savills Real Estate. Continue →

The Dunedin City Council has secured a piece of Dunedin’s history and opened up future possibilities with the purchase of the Sammy’s building on Crawford Street. Continue →

Property Institute chief executive Ashley Church says that news of a continuing slide in home ownership rates is a disaster in the making and ‘threatens the fundamentals of what it means to be a Kiwi’. Continue →