A unit in the Soho apartments on High St was sold at Ray White City Apartments’ auction today (subject to approval of second shareholder, who was out of contact), but an apartment in the neighbouring QVB building on the corner of Queen St & Victoria St East was passed in at a substantially higher square metre rate.
Bayleys sold 8 properties for $16.6 million at its first Total Property commercial auction for the year on Wednesday (one of those shortly post-auction), out of 14 on offer.
3 cbd apartments were sold at Bayleys’ auction on Wednesday – one in Courtville, across the street from the High Court, and the other 2 in the Heritage Farmers & Heritage Tower buildings.
5 of the 14 properties were sold at Bayleys’ Total Property commercial auction on Wednesday and 5 attracted no bid. At the agency’s Tauranga auction, all 3 properties were sold under the hammer.
Precinct Properties NZ Ltd has secured the Media Design School as a tenant in its 10 Madden St development in the Wynyard Quarter, and law firm Bell Gully in the refurbished 1 Queen St.
Law firm Bell Gully has told its Auckland landlord, Kiwi Property Group Ltd, it will vacate its premises in the Vero Centre on Shortland St between the 2023-25 financial years.