Council approves “transform & unlock” reinvestment for regeneration

Auckland Council’s finance & performance committee has approved the reinvestment of council property sales proceeds over the next 1-3 years into the ‘transform & unlock’ work programme – not necessarily into the same locality as the property sold – along with a broader suite of tools to fund urban development to be included in the […]

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On the move, March 2018

Davis combines 2 roles at Harcourts – Lauchlan returns to JLL NZ as managing director – Fletcher chief transformation office quits – Key joins ANZ Bank’s parent board – Vector appoints 2 Sydney-based directors – Real Estate Institute appoints education director – Sewell on Generation Group board

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35 Church St, Onehunga.

Updated: Onehunga warehouse sells, Ponsonby vendor gets yield down, apartment interest low

An Onehunga office & warehouse property was sold under the hammer at Barfoot & Thompson’s city auction today. A Brown St property in Ponsonby, with development potential from its mixed-use zoning, was passed in at a 4.8% yield on current rent. The 2 apartments on offer attracted little interest.

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5 Sudbury Terrace, Quay Park.

1 of 2 leasehold Quay Park townhouses sells

One of 2 leasehold townhouses on Ngati Whatua o Orakei land at the foot of Parnell (the former railway land in Quay Park) was sold under the hammer at Ray White City Apartments’ auction today, but the second townhouse nearby was passed in with only a vendor bid.

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