The scrap between 2 listed property companies, Augusta Capital Ltd & NPT Ltd, reached an odd point today: NPT, having said it will call a shareholders’ meeting for February, faces a 10 February court date on Augusta’s application to require this meeting “as soon as reasonably possible”.
A provincial Chinese construction company, Changda, formally launched 2 Auckland projects in the last days which should result in about 1700 homes being built over the next 5-8 years on sites designated as special housing areas.
Quotable Value Ltd said yesterday the rise in Auckland’s house values in the 12 months to November, 12.8%, was the slowest rate since January 2015. Nationally, the 12.4% index rise was the slowest since May.
Argosy Property Ltd has leased the 11,675m² of warehouse space at 320 Ti Rakau Drive before the Bunnings distribution centre lease on the premises expires. It’s also filled vacant Greenlane space.
A Great North Rd corner property fetched $6754/m² at Barfoot & Thompson’s auction yesterday, and 3 of the 5 apartments were sold.
Intense bidding for the first 3 properties on Ray White City Apartments’ auction list yesterday was followed by 2 which received no bid, weak bidding on the next 2 and no bid again on the last. The contrast is a mark of the times, as the question “Where’s the market going?” is on the lips […]
2 units in Herne Bay (pictured) & Pt Chevalier and a double offering of an apartment & studio in the Bianco off Queen in the cbd were sold at Bayleys’ residential auction on Wednesday.
Strong yields were a feature as 14 of the 27 properties taken to auction in Bayleys’ final Total Property portfolio for the year were sold under the hammer on Wednesday.
auction results galore – apartments, cross-leases, Total Property
One apartment on Eden Crescent sold prior and a Connaught unit sold under the hammer at City Sales’ auction today. The other 3 units on the auction list were passed in.
Auckland Council’s politicians enter day 2 today of 3 days of weighty issues to start the third term of the council.
High Court judge Dr Matthew Palmer issued a moral judgment on Monday in favour of a Taranaki farming couple who lost heavily in a swaps deal with the National Bank when the global financial crisis hit in 2008 – moral only, because he said the law precluded awarding damages.
Insurance company Suncorp Group Holdings (NZ) Ltd will cut its footprint in the Vero Centre on Shortland St, in the Auckland cbd, from 9214m² to 5991m² under the terms of a new 12-year lease.
Augusta Capital Ltd has filed proceedings in the High Court seeking orders requiring NPT Ltd to call a meeting of its shareholders earlier than next February.
A grand Edwardian unit on the Devonport waterfront (pictured) was sold under the hammer at Bayleys’ North Shore residential auction last week. It was one 6 apartment & townhouse sales at suburban branches around the region.
4 units in a new commercial centre on the Whangaparaoa Peninsula were sold under the hammer in a yield range of 4.55-5.5% at Colliers’ auction yesterday.
A Birkenhead building with 2 streetfront tenancies but otherwise vacant was passed in at NAI Harcourts’ auction today.
Auckland mayor Phil Goff released his budget plan today to restrict rate rises and raise significant new revenue while restraining borrowing and supporting underpaid & vulnerable residents.
CBRE researchers have highlighted 3 points in their latest assessment of Auckland’s commercial sectors: Vacancy is up slightly, rental growth is slowing, but yields have continued to firm.
Bayleys agents on the North Shore have sold a unit in Rosedale Mews and signed 3 leases in Mairangi Bay & Rosedale, plus the lease on a 4m² retail unit in Queens Court, across the road from the Auckland Town Hall.