A Penrose property occupied by a panelbeater has been sold by Bayleys agents on a 4.9% yield. It was previously sold in December 2014 for $1.23 million at a 7.52% yield. Another 4 properties around Auckland’s southern suburbs were sold vacant.
The big change in migration in the last month & the last 12 months is the rise in exits from New Zealand.
John Bullen dies – Rider Levett Bucknall appoints new Oceania chair – Gosche named Housing NZ deputy chair – Whineray confirmed in top role at Super Fund – Westfield executive to head Kiwi Property – 2 new associates at Rider Levett Bucknall – Church returns to JLL – Brunton made partner at DLA Piper – […]
Fletcher Building Ltd will have a new chair & 4 new directors on 1 September. 2 directors will retire.
Fletcher Building Ltd chief executive Ross Taylor said in a presentation in Sydney yesterday the group intended to grow its Australian business over the next 5 years to be bigger than its New Zealand construction & building products business.
Seaview HP Ltd (Shayne Hodge) has sold the Port Domain business park in Wellington. Education House on Willis St has been sold. They’re among 9 commercial sales around the Wellington region by Bayleys.
Both apartments auctioned at Ray White City Apartments today were sold under the hammer.
10 intensive properties were auctioned at Barfoot & Thompson’s city office this week, and 4 sold.
Fletcher Building Ltd confirmed its revised strategy today, but will make another announcement about board changes tomorrow.
A small building squeezed among the light industrial roofs of Mackelvie St in Grey Lynn has sold before today’s scheduled auction for a land price just over $6000/m².
Fisher Funds Management Ltd has sold the GroupM Building, at 22 Fanshawe St & the foot of Federal St in downtown Auckland, to the Conrad Properties Group Ltd for $50 million.
Auckland Transport’s board will consider the regional land transport plan afresh this afternoon, after ditching the draft 10-year budget staff proposed on 1 February.
Chinese-owned housing developer Avanda Ltd, confirmed as the developer for stage 2 of the 20ha council-owned Airfields precinct at Hobsonville Point in February last year, is about to build the first homes awarded a 6 Homestar rating using a bespoke checklist.
A New Lynn caryard has sold 5 weeks after being passed in at auction, and Bayleys agents have added another 3 sales in West Auckland.
Colliers agents have sold an East Tamaki warehouse & offices on a 5.9% yield.
Overseas investors will still be able to invest in new housing under the new regime of the Overseas Investment Bill, which was reported back to Parliament yesterday.
Forestry Minister Shane Jones said yesterday new legislation to bring forestry rights into the overseas investment screening regime would help promote high quality foreign investment that puts more emphasis on genuine benefits for New Zealanders.
Fletcher Building Ltd will present its strategy to investors & analysts in Sydney on Thursday at 11am NZ time.
A Stonefields terrace, a Milford townhouse and 2 cross-leased units in Bucklands Beach were sold at Bayleys auctions last week.
Infrastructure NZ took 42 public & private sector infrastructure leaders on a tour of 4 US cities with the same challenges as they meet here, but with different economic, social & environmental outcomes.
Bayleys commercial agents on the North Shore have sold a Takapuna unit used by a medical tenant and leased 4 properties.
Bob Dey Property Report, weekly diary, Auckland Council, auctions, economy, events, Parliament, securities
Augusta Capital Ltd confirmed yesterday that the Augusta Industrial Fund closed oversubscribed with $75 million raised.
The Property Council’s supreme award last night, to the former Dominion Post building on Boulcott St in Wellington, now known as Waikoukou and the headquarters of Transpower NZ Ltd (pictured), is a tribute to Maurice Clark for his determination to salvage tired buildings and light them up for new users. He also salvages old names. […]