Australian development financier MaxCap Group said yesterday it would provide $30 million of first mortgage funding to developer & builder Safari Group Ltd for the new Ramada hotel & apartment building in central Wellington.
Read more →Wellington
Precinct stays profitable despite slashed revaluations
A $228 million reversal in valuations slashed Precinct Properties NZ Ltd’s profit for the June year, far outweighing the small increase in property income.
Read more →Go-Bus & Transmission Gully project companies among Overseas Investment Office ownership approvals
The Overseas Investment Office released its latest batch of decisions yesterday – all made in June.
Read more →4 Hutt commercial sales, 3 with some vacancy
Bayleys agents in Wellington have sold 4 commercial properties around Lower Hutt, 3 of them with some vacancy, one with a height overlay.
Read more →Development potential highlighted in Wellington sales
Bayleys agents in Wellington have sold 3 commercial properties, 2 of them with development potential.
Read more →Argosy sells Wellington industrial property
Argosy Property Ltd has unconditionally sold its property at 180-202 Hutt Rd, in Wellington’s Kaiwharawhara industrial district to a private domestic investor.
Read more →Firm yield at Waihi Beach, 3 commercial sales in Wellington region
A Waihi property was sold on a 4.18% yield at Bayleys’ auction on Wednesday. In the Wellington region, Bayleys agents have sold 3 commercial properties at Paraparaumu & Stokes Valley.
Read more →Precinct schedules next Bowen Campus stage
Precinct Properties NZ Ltd said today it would start construction of the $90 million Bowen Campus Stage 2 office development in Wellington “shortly”.
Read more →Oyster settles 2 investment schemes in a week
Oyster Property Group Ltd has settled its second property fund purchase in a week.
Read more →Oyster settles Pastoral House purchase
Funds manager Oyster Property Group has settled its $77 million purchase of Pastoral House in Wellington from Precinct Properties NZ Ltd.
Read more →Wellington industrial & commercial premises and old Masonic hall sell
Bayleys agents in Wellington have completed the sale of 3 industrial units at Grenada North & Seaview, commercial premises in Petone and the former Taia Hall in Kilbirnie.
Read more →8 more sales as Total Property auctions move south
Bayleys sold 8 commercial & industrial properties in Tauranga, Cambridge, Hamilton, Wellington & Christchurch on Wednesday & Thursday as its Total Property auction series moved south.
Read more →Alpha apartment sells, little interest in Dunningham unit or hotel studio facing remediation
An Alpha apartment near the foot of Nelson St was sold at Ray White City Apartments’ auction today, but a Dunningham House unit on nearby Wolfe St attracted little interest. There was also little interest in a studio in the Rydges Hotel in Wellington, where investigations are underway on the extent of required remediation.
Read more →Oyster launches Pastoral House investment
Oyster Property Group Ltd has launched its proportionate ownership scheme for Pastoral House in Wellington, which it’s conditionally bought from Precinct Properties NZ Ltd for $77 million.
Read more →9 out of 10 sell at Bayleys’ Wellington auction
9 out of 10 properties sold under the hammer at Bayleys Total Property 8 auction in Wellington last Thursday.
Read more →8 commercial sales Manawatu to Wellington
Bayleys agents in the southern half of the North Island have sold 8 commercial properties in Levin, Palmerston North, Masterton & around the Wellington region.
Read more →Which building is Precinct’s? – annual meeting update
“Which building do they own?” the quite new shareholder in Precinct Properties NZ Ltd asked me after the company’s annual meeting on the Auckland waterfront on Wednesday.
Read more →Central Wellington & Kapiti Coast sales
Bayleys agents have sold 7 commercial, retail & residential properties around the Wellington metropolitan area, and 2 retail units & a housing development site on the Kapiti Coast.
Read more →Exchange building among 6 Wellington sales
The Exchange building, home to produce markets in Wellington for over a century, has been sold at a yield just under 8%. It’s one of 6 commercial sales reported by Bayleys Real Estate around the Wellington region.
Read more →Sub-5% yields on Mt Maunganui industrial properties among 7 sales
2 Mt Maunganui light industrial properties have been sold at sub-5% yields in Bayleys’ Total Property auction series, and 5 commercial, retail & industrial properties in Wellington, Nelson & Christchurch were sold at auctions in each city.
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