The Connaught on Waterloo Quadrant.

Updated: 2 apartments sell at City Sales, another post-auction

Published 19 October 2016, updated 21 October 2016: 2 of the 5 city apartments auctioned at City Sales on Wednesday were sold under the hammer, one in the Connaught (pictured) and the other at Q Central. One more, a unit in 96 on Symonds, was sold on Thursday and the Portland Tower unit is under […]

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The development at 301 Lincoln Rd, Henderson.

5 Lincoln Rd retail units sell at auction

Auctioneer John Bowring took 105 bids on the first of 5 shops in Aubrey Edward Group Ltd (Tom Tuke & Dean Whimp)’s 301 Lincoln Rd development yesterday before selling it on a 5.1% yield, and took over 70 bids on 2 more of the outlets.

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43 Virginia Avenue East, Eden Terrace.

Vendors adjust as 4 out of 5 apartments sell

As some other auctioneers found this week, with a short apartment list yesterday Barfoot & Thompson’s Murray Thompson was able to allow time for negotiation, resulting in some vendors reducing their expectations. The outcome was 4 apartments sold out of 5 on offer.

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258-260 Balmoral Rd, Sandringham.

$20 million of sales from Bayleys’ September tenders

Bayleys has recorded 5 sales outside the auction process in Auckland and one at Te Rapa from its Total Property series 5 – for a total over $20 million. All the tenders closed in September.

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Pyne Gould-related Lantern sells pubs but strikes buyer conflict on one

Lantern Hotel Group, an ASX-listed business 37% owned by NZX-listed Pyne Gould Corp Ltd, has sold 2 hotels in the last 3 weeks, encountered a sale double-up on a third hotel last Friday and will put a resolution to shareholders at its annual meeting next Tuesday enabling it to sell the whole portfolio of 8 […]

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Market Cove, on the waterfront at Favona.

Start scheduled for Market Cove subdivision in Favona

A construction start is envisaged in the next few months on Southpark Corp Ltd (John Sax)’s 14ha Market Cove special housing area in Favona, on the Manukau Harbour beside Mangere Bridge, where the subdivision was originally touted 2 years ago.

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Hooker apartments agency sells 2 at first auction

LJ Hooker’s central Auckland apartments agency, opened last month by former Ray White City Apartments agent Donald Gibbs, held its first auction today. 2 of the 6 apartments were sold under the hammer.

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First-homebuyers hit KiwiSaver for over $500 million in deposits

Building & Housing Minister Nick Smith said yesterday the number of people accessing their KiwiSaver funds & the HomeStart grant scheme had more than doubled, as funds for home deposits topped $500 million in the scheme’s first year.

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Judgment on Green empire doesn’t end hostilities

The Court of Appeal issued a judgment on Friday in the ongoing battle for control of the late Hugh Green’s property & business empire between his eldest 2 children, John & Maryanne. It’s unambiguous, but it doesn’t end the battle over a business empire worth an estimated $400 million.

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Fishermans Bend, Melbourne.

Melbourne prepares to start 485ha urban renewal at Fishermans Bend

Victoria’s state government released the final version of the Fishermans Bend vision last month – a plan to revitalise 485ha sitting between the existing central business district and the port.

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International retailers' expansion plans.

Research indicates wave of foreign retailers will grow

The wave of foreign retailers coming to New Zealand will keep growing, CBRE researchers in Australia & locally have found. Their biggest target is also foreign – the spend by Chinese tourists in New Zealand has risen from $770 million 2 years ago to $1.7 billion.

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Infrastructure frailty puts US financial woes in perspective

Economist & financial commentator John Mauldin put a lot of US financial woes in perspective this week in his column, Thoughts from the frontline, where he highlighted the frailty of the country’s infrastructure and the likelihood that funding will prevent it being maintained or upgraded adequately.

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Neville Price explaining features of Nuffield Residences.

Innovation a feature of Nuffield apartments

Yachtsman, entrepreneur, longtime property investor & retired lawyer Charles St Clair Brown had already sold 6 of the 16 apartments in the Nuffield Residences development in Newmarket before it was launched to prospective buyers last week. The project returns architect Neville Price to prominence as the designer of a building with a number of innovative […]

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