Update: Fifth apartment sells after City Sales auction

3 apartments were sold under the hammer at City Sales’ auction on Wednesday, a studio in the Cambridge on Anzac Avenue was sold shortly after the auction and a unit in the Chatham on Pitt St was sold the next night. 2 units in the Imperial Gardens, which has remedial issues, were passed in.

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On the move, November 2014

Hira joins Ray White – 3 more additions to CBRE’s ANZ account management – Barnes rejoins CBRE, this time in isthmus industrial – 3 new senior staff named to council planning division – JLL establishes integrated portfolio services team – Match moves to Britomart – Wanaka developer Bob Robertson dies – Construkt adds to architecture workforce – Gordon takes over as Bell Gully chairman, Gault as deputy – Jasmax appoint interiors team leaders – Financial advisors code committee gets 3 new members – Metlifecare appoints operations manager – Tilbrook to leave Fletcher board – JLL appoints assistant project manager – Henley leaves World Green Building Council – Corbel makes 3 senior appointments – Oyster hires new chief financial officer – Michelle Smith joins Pyne Gould board – Lloyd to head CBRE’s new NZ residential projects business – 5 promoted at Envivo – 2 architects join Context and 2 staff promoted

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Auditor-general issues blunt warning on infrastructure

Auditor-general Lyn Provost issued a blunt warning yesterday: New Zealand communities, in general, need to sharpen their information about & commitment to infrastructure or they will guarantee failure of services. Mrs Provost warned that population shifts could make some communities unable to continue paying to maintain basic services

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World property Sat22Nov14 – Sheraton Sydney sells, LM founder Drake in gun, Top world shop rents, 33% more equity for Goodman China venture, Hermes of UK in 2 ventures

Chinese insurer buys Sheraton in Sydney – ASIC applies to ban LM founder Peter Drake – Fifth Avenue rents soar above $NZ46,000/m², Sydney mall jumps 25% – Goodman & Canadian fund lift China investment to $US2 billion – Hermes creates UK venture with Canadian fund, US venture with Lionstone

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