The one property up for auction at Colliers yesterday, an office unit on Pitt St at the top of the cbd, failed to attract a bid.
Published 3 July 2012 Kiwi Income Property Trust has settled the $55 million sale of Beca House at 21 Pitt St to a private investor. The trust entered into the unconditional contract in April. The price represented a 2% ($1 million) premium over the trust’s 31 March valuation and reflected an 8% initial yield. Kiwi […]
Published 30 April 2012 Kiwi Income Property Trust’s manager said on Friday it had entered into an unconditional contract to sell the newly renamed Beca House at 21 Pitt St, which was the headquarters of the Auckland Regional Council. Kiwi Income Properties Ltd chief executive Chris Gudgeon started the week telling clients in the trust’s […]
Published 2 November 2010 Beca Corporate Holdings Ltd has signed up early with the Kiwi Income Property Trust on a new 9-year lease over 14,000m² of office space at 21 Pitt St, progressively taking over space occupied by the Auckland Regional Council. The engineering & related consultancy services firm will consolidate its Auckland operations from […]
Published 28 June 2010 Jimmy Wu has gone downmarket from last year’s proposal for a hotel on the site of Famous Flora’s massage parlour, on the corner of Pitt & Vincent Sts, with plans now for a modern-style backpackers. The plan last year was for a 170-room 4-star hotel, to have been operated by […]
Correction to last paragraph 22 July 2009 Published 20 July 2009 Sydney-based Metro Hotels signed the agreement last week to operate Metro Hotel Auckland, a new 170-room 4-star hotel on the corner of Pitt & Vincent Sts at the top of the Auckland cbd. The site is occupied by a service station & Famous Flora’s massage […]