A leasehold student apartment, not quite covering its outgoings, and a Memphis unit on the city centre’s western fringe were passed in at Ray White City Apartments’ auction today.
A light industrial building in New Lynn was sold on a 5.8% yield at Bayleys’ auction today. A Nexus apartment in Grey Lynn was sold, and one in Aero, Parnell, was passed in.
A small apartment at the top of Queen St sold under the hammer at City Sales’ auction today, but the Quay Park terrace that followed attracted no bid.
A warehouse with airconditioned offices in the Interplex business park, Rosedale, was sold under the hammer at a Colliers North Shore today.
The Commerce Commission has brought charges against holiday rental accommodation management & booking company Bachcare Ltd alleging it misled consumers by manipulating online reviews that users of its services posted.
The NZ Super Fund said yesterday it was investing in a $300 million hotel portfolio established by the Russell Group & Lockwood Property Group, creating a platform for the fund to invest further in New Zealand’s tourism sector.