A 90-year old Karangahape Rd building has been sold on an 8% yield, compared to 7.25% for the brand new $65 million building 3 at Mansons TCLM’s Telecom Place.
An apartment at the Parnell end of Broadway Park sold under the hammer at Bayleys’ auction yesterday. In contrast, an office space in the former South British Insurance building attracted no bid.
Published 22 December 2010 Robt Jones Holdings Ltd settled its purchase of the Axa building at 41 Shortland St in Auckland on Monday. The $45 million transaction was at just under $2600/m² – Robt Jones Holdings doesn’t focus on yield in its calculations. In this case a price calculation by either method becomes somewhat irrelevant, […]