JLL’s Auckland metro team ended 2017 with 6 sales on the east & west of the isthmus, in Eden Terrace, Grey Lynn, Herne Bay & Parnell.
Auckland International Airport Ltd has put a price of $A370 million on its 24.6% stake in North Queensland Airports Pty Ltd and will offer the lot to the other 3 shareholders of the private company.
Bayleys commercial agents in the Bay of Plenty finished 2017 with 8 sales around Rotorua, Tauranga, Tokoroa & Whakatane.
Bob Dey Property Report, weekly diary
Bayleys agents from the North Shore branch have started the year reporting 9 sales & 11 leases in November & December.
JLL North Shore agent Jaye Miller has completed 2 sales in Rosedale & on Porana Rd in the Wairau Valley.
Jewellery retailer Michael Hill International Ltd increased group revenue by 4.7% and same-store sales by 0.5% in the December half-year, but reiterated concern about its US business.
Consents for new homes jumped over the 31,000/year mark in November after being stuck in a 30,000/year band for most of the previous year. Stats NZ said today the number of new homes consented in Auckland hit a 15-year high of 1450 in November, boosted by apartments.
ASB Bank’s economists have forecast rises in interest rates toward the end of this year, ahead of an increase in the official cashrate (OCR) in early 2019.
The Warehouse Group Ltd said yesterday “encouraging” Christmas trading confirmed its “improving trajectory”.
Retirement village developer & operator Summerset Group Holdings Ltd achieved 200 sales of occupation rights in a quarter for the first time in the 3 months to December.
Barfoot & Thompson managing director Peter Thompson said this week the agency’s average selling price of Auckland homes continued to rise in 2017, but at the lowest rate in 5 years.
The average residential property value rose by 6.6% ($41,660) nationally last year, according to Quotable Value Ltd’s index. In Auckland, the rise was just $4583 (0.4%) for the year. In a few places the movement over the year was downward, including a 0.1% fall in Christchurch. QV recaps QV national spokesperson Andrea Rush said the general […]
The Reserve Bank of Australia candidly noted on Friday that housing investors had switched $A61 billion to owner-occupied status after it introduced an interest rate differential between the 2 categories in 2015.
Bob Dey Property Report, weekly diary
Augusta Capital Ltd confirmed its intention to establish an industrial property fund on 22 December, when it entered into an agreement for the new fund to unconditionally acquire the property at 862 Great South Rd, Penrose.
Augusta Capital Ltd has entered into a development agreement with Airways Corp of NZ Ltd and the existing Augusta-managed syndicate that owns Airways’ Christchurch premises.
Rotorua supermarket owner Neil Foster has bought the property assets of Waikato Innovation Park from Hamilton City Council for an undisclosed price.
Surveyors elect first female president – Royal takes over chair, Blair deputy at Ngati Whatua Orakei – Context Architects promotes 5 to associate – Laery off travelling after 4 years heading NAI Harcourts Australasia – Shortt the new ASB Bank chief – Orr moves from Super Fund to Reserve Bank in March – Duke opens […]
KGL Property unveiled plans this week for a $6 million refurbishment of the 1970s-built 1 Clyde St in Hamilton East, to start in mid-2018.
The Goodman Property Trust announced 2 transactions yesterday – a new industrial development at Highbrook Business Park in Auckland and the sale of a commercial building at 7 Show Place in Christchurch.
Stride Property Ltd said today it had agreed to defer the expiry date of Westgate Town Centre Ltd (Mark Gunton)’s 3-year option to acquire Stride’s NorthWest 2 development.
The Overseas Investment Office said today it had declined the Chinese HNA Group’s application to buy UDC Finance Ltd from the ANZ Bank for lack of ownership transparency.
The Reserve Bank today registered China Construction Bank Corp, incorporated in China, to provide banking services in New Zealand. It will operate in New Zealand as a branch.
A Lighter Quay leasehold apartment attracted bids at Ray White City Apartments’ final auction for the year today, but offers fell $25,000 short of the asking price.
A basement carpark space in the Quay Regency building on Auckland’s downtown waterfront sold at Ray White Apartments auction for $265,000 today.
3 suburban cross-leases & an eastern bays apartment were sold at Barfoot & Thompson auctions this week. One central city apartment attracted a bid, 2 others didn’t, and the auction of a fourth was postponed until January.
Augusta Capital Ltd has settled its $44.9 million acquisition of the Hub industrial property in Wellington, which it wants to use as a seed asset for a new open-ended industrial fund.
2 apartments were sold today at City Sales’ final auction for the year, out of 7 on offer.
New Zealand’s net migrant inflow is back exactly where it was a year ago after the number of long-term migrants both in & out of the country changed by the same figure, 4886.
Fisher & Paykel Healthcare Ltd said on Monday it had signed a contract for Leighs Construction Ltd to construct the fourth building on its 42ha Auckland campus at Maurice Paykel Place, East Tamaki.
Oceania Healthcare Ltd has entered into an unconditional agreement to buy a vacant 8945m² site in St Heliers, Auckland, cleared for redevelopment by Greg Olliver over 10 years ago.
Retirement village developer, owner & operator Summerset Group Holdings Ltd has lifted its earnings guidance for the 12 months finishing on 31 December
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