Bidding frenzy on leasehold unit

Bidding on a leasehold unit in the Scene 1 apartment building yesterday began at $50,000, jumped quickly to a dollar short of $100,000, then continued mostly in $1000 raises before selling at $145,000. The unit had been promoted with a declared reserve of $99,000.

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Propbd on Q Th28May15 2 – 4 apartments sell, new bylaws for signs, film fees & nuisance, council shakeup agreed

4 apartments sell at Ray White auction – New signs bylaw in place but healthy food addition rejected – New filming fees schedule – Nuisance bylaw – Shakeup & higher chief executive delegation agreed

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Propbd on Q Th28May15 – Subdivision tick, highway PPP, north-west transport review, parking strategy, Metro Glass result

Council withdraws opposition to Rosedale subdivision – NZTA to seek PPP proposals for Puhoi highway stage – Auckland Transport to review north-west needs – Auckland Transport adopts parking strategy – Metro Glass just ahead of forecast

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Updated: 7 Millwater commercial units among 11 sales at Colliers auction

7 retail, fastfood & gym units in the Millwater Central neighbourhood centre on the Hibiscus Coast were sold under the hammer at Colliers International’s auction today – the first 4 at yields of 4.9-5.1%.

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Propbd on Q T26May15 – 9 sell at Colliers, convention centre go-ahead, Quay St hotel remodelling to start

9 sell out of 12 properties at Colliers auction – Convention centre agreement reached – aim to start this year – Tenders in soon for Quay St Copthorne’s remodelling

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Vacant boarding house, 7 apartments & suburban units sell at Barfoots

A vacant North Shore boarding house, a cbd apartment and 6 suburban residential units sold through Barfoot & Thompson’s auction on Wednesday, including 2 units sold prior.

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On the move, May 2015

Dixon joins JLL as leasing broker – Mallard named Xigo chairman – Abraham to head Steel & Tube distribution – Environment Ministry appoints Wratt to advisory role – Council hires people & capacity director after short stint at health board – Bayleys names 2 new property services chiefs – Holmes joins Context Architects – JJ Hong moves up to agency at JLL – Paterson & Ridley-Smith join Arvida board – Collis joins Gaze Property Solutions – Sweetman joins Precinct to do Downtown retail – Tyrie to manager Property Group’s Auckland office – Stringer returns to CBRE in new roles – Cassels-Brown takes new airport people & safety job

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Updated: 13 sold in Bayleys’ Total Property auction

11 of 16 properties on Bayleys’ Total Property commercial auction list were sold, including one prior & another 2 after Wednesday’s auction.

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Updated: Propbd on Q W20May15 – Kiwi takeup latest; Auctions – Colliers, Bayleys & Barfoots; Goodman profit up plus bond, Kiwi takeup

Late addition to the Kiwi takeup – 2 sell at Colliers – 10 sell in Bayleys’ Total Property auction – Boarding house, 7 apartments & residential sell at Barfoots – 2 apartments sell at Bayleys – Goodman lifts profit 34% & considers new bond issue – Kiwi gets 93% institutional takeup

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Bob Dey Property Report diary, week 18-24 May 2015

The diary’s been updated this week with several hearing & submission entries. Also from the council, a few agenda items for 3 local boards. The diary is updated weekly and contains main Auckland Council agenda items, hearings & submission closing dates, plus auctions, economic & property-related events, property- & finance-related bills before Parliament and securities information.

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Limp request to revisit levy demonstrates pale imitation of a council

Ever since the super-city Auckland Council was elected in October 2010, the simple way for councillors to get a better handle on the multitude of documents passing before their eyes was to tell the source of the most important documents that arrive late – the mayor – to come back tomorrow.

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Defusing kauri conflict takes council further from clear process

A protester climbing a Titirangi kauri tree caused severe palpitations within the depths of Auckland Council’s planning & consenting departments, but after a couple of hours’ debate on a process review yesterday, council customers can be assured that nothing much is about to change for the better.

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Propbd on Q W13May15 – Sausage block sells, investors sit back, investor constraint, Grafton sale

Converted sausage block sells – New Reserve Bank constraint proves formidable barrier – Wheeler dumps new constrain on investors – Grafton shops + apartment sells

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