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Central North Island

Yields track downward in 13 sales south of the Bombays

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Bayleys agents have reported 13 sales from the Hauraki district down to Taupo, including 6 at Mt Maunganui & Tauranga.

Browns Bay property leads sales at Colliers auction

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A Browns Bay beachfront property (pictured) was sold at Colliers’ auction yesterday at a 4% yield on passing rent (one vacancy), 4.6% on potential. It has 12 tenants in 3 buildings running through from Clyde Rd to the beachfront reserve. The one other property to sell under the hammer, in Hamilton’s cbd, sold at a […]

Parties bewildered as ministers reject Pengxin purchase of Lochinver

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Ministers turned down Shanghai Pengxin’s application to buy Lochinver Station “because the benefits to New Zealand are not substantial & identifiable”. Buyer & seller were bewildered by this apparent change in stance.

Fletcher centre in Taupo sells

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One property, in Taupo, sold at Colliers International’s commercial auction today, but negotiations were continuing on the other 3.

Craig reveals Pengxin purchase of Lochinver Station

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Shanghai Pengxin Group Co Ltd, buyer of the Crafar family’s farm portfolio & majority shareholder in Synlait Farms Ltd, has signed an agreement to buy the 13,843ha Lochinver Station in the central North Island from the Stevenson Group family.