Bulk discount retailer Costco Wholesale Corp announced onsite yesterday it would enter the New Zealand market with a 14,000m² business at Westgate in Auckland’s north-west.
2 light industrial properties were passed in at Barfoot & Thompson Commercial auctions this week, at land prices illustrating how acute the supply of industrial land around Auckland has become.
What’s going on in your neck of the woods? Or one you’ve been thinking of investing in? Or one you didn’t know was undergoing change which might significantly alter values, or prospects?
Bayleys agents have sold a 3.5ha light industrial site at Hobsonville, 3 adjoining industrial units in East Tamaki to one buyer and a cross-leased industrial property in Wiri.
Apartments in The Quadrant & SugarTree Centro and a cross-leased property at Te Atatu South were all sold at Ray White Ciy Apartments’ auction yesterday.
Colliers sold 4 commercial properties in 2 auctions on Wednesday, starting with an Eden Terrace redevelopment prospect which attracted 5 bidders.