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Central North Island

3 sub-5% yields among 9 commercial sales

Thursday 24 October 2019 by Bob Dey

An NZ Post & Kiwibank outlet in Birkenhead, sold at a 4.42% yield, was the strongest performer among 9 recent commercial sales by NAI Harcourts Takapuna agents.

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Filed Under: Agency, Birkenhead, Browns Bay, Central North Island, Market, NAI Harcourts, Neighbourhoods, North-east, North-west, Rosedale, Sectors, South of Bombays, Waimauku, Wairau Valley, Warkworth Tagged With: Birkenhead, Browns Bay, central North Island, NAI Harcourts, Rosedale, Waimauku, Wairau Valley, Warkworth

10 sell at Bayleys’ Auckland commercial auction

Thursday 11 April 2019 by Bob Dey

10 properties sold under the hammer out of 16 on offer on Wednesday at Bayleys’ third Auckland Total Property auction of the year.

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Filed Under: Albany, Avondale, CBD, Central North Island, Grafton, Henderson, Isthmus east, Isthmus west, Manukau, Mt Eden, Mt Wellington, Neighbourhoods, North-east, North-west, Ponsonby, Pukekohe, Silverdale, South, South of Bombays, St Johns, Victoria Quarter, Wairau Valley, Wellsford Tagged With: Albany, Avondale, Bayleys, Grafton, Henderson, Manukau, Mt Eden, Mt Wellington, Ohakune, Ponsonby, Pukekohe, Silverdale, St John’s, Total Property, Victoria Quarter, Wairau Valley, Wellsford

Yields track downward in 13 sales south of the Bombays

Friday 19 February 2016 by Bob Dey

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

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Filed Under: Agency, Bay of Plenty, Bayleys, Central North Island, Market, Mt Maunganui, Neighbourhoods, Rotorua, Sectors, South of Bombays, Tauranga, Waikato Tagged With: Bayleys, slider, south of Bombays

Browns Bay property leads sales at Colliers auction

Thursday 8 October 2015 by Bob Dey

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 […]

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Filed Under: Agency, Browns Bay, Central North Island, Colliers International, East Tamaki, Mairangi Bay, Manawatu, Market, Neighbourhoods, North-east, Sectors, South, South of Bombays, Waikato

Parties bewildered as ministers reject Pengxin purchase of Lochinver

Friday 18 September 2015 by Bob Dey

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.

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Filed Under: Central North Island, Market, Neighbourhoods, Rural, Rural, Sectors, South of Bombays Tagged With: Lochinver, Shanghai Pengxin, slider, Stevenson

Quest opens in Taupo on Friday

Monday 27 July 2015 by Bob Dey

Quest Serviced Apartments (NZ) Ltd will add a new property to its portfolio on Friday when Quest Taupo opens.

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Filed Under: Central North Island, Hospitality, Hotels, Market, Neighbourhoods, Sectors, South of Bombays Tagged With: Quest, slider, Taupo

Fletcher centre in Taupo sells

Friday 27 March 2015 by Bob Dey

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

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Filed Under: Agency, CBD, Central North Island, Colliers International, Market, Neighbourhoods, North-east, North-west, Queen St, Riverhead, Sectors, South of Bombays, Takapuna, Westgate Tagged With: Colliers

Craig reveals Pengxin purchase of Lochinver Station

Sunday 3 August 2014 by Bob Dey

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.

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Filed Under: Central North Island, Market, Neighbourhoods, Rural, Rural, Sectors, South of Bombays Tagged With: Colin Craig, Lochinver Station, Shanghai Pengxin, slider, Stevenson Group

Sax buys Kinloch course

Friday 29 July 2011 by Bob Dey

Published 29 July 2011 John Sax of Southpark Corp Ltd has bought the Kinloch golfcourse, with plans for a luxury lodge. The course also has consent for 69 residential sites. Southpark revealed its purchase yesterday. Coromandel Investment Trustees Ltd bought the 311ha Kinloch golf resort (apart from some subdivision land) from Hanover Finance Ltd for […]

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Filed Under: Central North Island

Taupo industrial subdivision application

Sunday 17 January 2010 by Bob Dey

Published 17 January 2010 Jurisdiction: Taupo District   Neighbourhood: Taupo   Applicant: CNI Developments Ltd (Joshua Hannen & Michael Jacobs, Taupo)   Application detail: 315 Centennial Drive, industrial subdivision & land use applications for 15 lots of 5001-7776m²   Notification date: 15 January   Submission closure date: Friday 12 February   Other details: Mr Hannen […]

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Filed Under: Central North Island

Taupo Westpac building sells below 5%

Wednesday 10 December 2008 by Bob Dey

Published 9 December 2008 The Westpac bank in Taupo’s commercial centre has been sold at auction for $2.695 million, at a yield below 5%.   Gary Harwood, of Bayleys Taupo, said the 544m² 2-level building, on a 390m² site at 27-29 Horomatangi St, attracted interest from all over New Zealand, with 8 registered phone bidders […]

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Filed Under: Central North Island

Hanover’s tender gets buyer for Kinloch golfcourse

Thursday 10 July 2008 by Bob Dey

Published 10 July 2008 Hanover Finance Ltd said today a sale had been agreed for assets specifically associated with Kinloch Golf Resort Ltd.   Hanover held a secured first mortgage over the Kinloch assets, including the golfcourse and bulk development sites within the project.   Chief executive Bruce Gordon said Kinloch had been sold after […]

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Filed Under: Central North Island

Proposal for 95 rural lots on Taupo outskirts

Monday 21 April 2008 by Bob Dey

Published 20 April 2008 Jurisdiction: Taupo District   Neighbourhood: Taupo, Mapara Valley, a few minutes west of the Taupo township   Applicant: Tukairangi Valley Properties Ltd (Paul Bublitz, Auckland; & Richard Chisholm, Palmerston North)   Application detail: Tukairangi Rd (Nos 444, 448, 526, 546, 626, 654, 658 & 696),  to subdivide in 95 rural lots, […]

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Filed Under: Central North Island

Oruatua campsite to be converted to holiday units

Friday 2 November 2007 by Bob Dey

Published 2 November 2007Jurisdiction: Taupo District Neighbourhood: Taupo Applicant: Te Ngaro Whenua Ltd (Jeremy Foster, Ponsonby & Taupo) Application detail: Oruatua, 221 State Highway 1, at the southern end of Lake Taupo, application to develop 22 holiday home units on the former Oruatua motor camp site, requiring land use consent for internal encroachments into the […]

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Filed Under: Central North Island

Fontein seeks consent for 455-unit village at Huka Falls

Monday 27 August 2007 by Bob Dey

Published 27 August 2007Jurisdiction: Taupo District Neighbourhood: Huka Falls Applicant: Huka Falls Resort Ltd (Patrick Fontein, Remuera) Application detail: Huka Village, corner State Highway 1 & Huka Falls Rd, land use consent for the construction of 455 dwellings at 20, 28, 44, 56 & 58 Huka Falls Rd. Specifically, consent is sought for development of […]

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Filed Under: Central North Island

Otorohanga caravan-maker off to Te Rapa

Tuesday 16 January 2007 by Bob Dey

Published 16 January 2007 Tourism Holdings Ltd issued a roundabout NZX statement today, eventually telling the people of Otorohanga it was closing the King Country town’s third-biggest employer and was relocating the business to Te Rapa. Tourism Holdings said the business, CI Munro, longtime manufacturer of motor homes, campervans, caravans & other special-purpose vehicles, was […]

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Filed Under: Central North Island

Taupo council puts revised growth proposals out for submissions

Saturday 13 January 2007 by Bob Dey

Published 13 January 2007 Taupo District Council has replaced 2 sections of its proposed district plan relating to rural subdivision. The council has withdrawn: variation 8 (rural provisions) and section 3B (rural environment). It’s introduced: variation 19 (applying new rural subdivision rules and revising the minimum lot size) variation 20 (providing for strategic zoning for […]

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Filed Under: Central North Island

Carter Holt seeks consent for 106-lot Lake Ohakuri subdivision

Monday 4 September 2006 by Bob Dey

Published 3 September 2006 Jurisdiction: Taupo District   Neighbourhood: Lake Ohakuri, next to Lake Atiamuri, State Highway 1   Applicant: Carter Holt Harvey Ltd   Application detail: 274 Ohakuri Rd, including part of the former Ohakuri camping ground site, subdivision & land use resource consents, 7 lifestyle lots ranging from 3323m²-5.27ha, 99 residential lots ranging […]

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Filed Under: Central North Island

Pandey plans Cherry Island resort at Taupo

Sunday 20 August 2006 by Bob Dey

Published 20 August 2006 Jurisdiction: Taupo District Applicant: CP Holdings Ltd (Charles Pandey) Application detail: Cherry Island, in the Waikato River, land consent to build & operate a 33-unit accommodation resort – a main apartment block, 2 single-level chalet blocks, 2 duplex-level chalet blocks, a 3-storey main apartment block & a 2-storey reception facility, restaurant […]

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Filed Under: Central North Island

Foodstuffs gets consent to replace Turangi store

Thursday 19 January 2006 by Bob Dey

Published 19 January 2006 Foodstuffs (Auckland) Ltd has gained resource consent to replace its New World store in Turangi. Property strategy general manager  Murray Jordan said that after a long consent process, detailed working drawings were being prepared for the new store, next to the mini golfcourse on Ohuanga Rd. The 1800m² new store will […]

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Filed Under: Central North Island

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About Bob Dey Property

The Bob Dey Property website is primarily about commercial & development property in Auckland, policies & strategies that impact on the sector, listed property securities and wider economic influences. It examines infrastructure, access & urban design issues, and presents ideas from around the world. The emphasis is on appropriate depth & context.

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