2 fast-food outlets sold at yields of 4.7% at Colliers’ commercial auction today and a fitness centre was sold for a whisker under a 7% yield.
Published 12 March 2010 Bayleys Real Estate sold 10 out of 30 NZRPG Management Ltd (Retail Property Group – Mark Gunton & Bryce Donne) retail outlets offered at auction on Wednesday. Another 3 were withdrawn from the auction schedule. Yields were strong on the sales – one just under 6% and the highest 7.55% […]
Published 1 February 2010 NZRPG Management Ltd (Bryce Donne & Mark Gunton) has put 48 retail outlets in its Westgate & Fraser Cove centres on the market. The NZ Retail Property Group developed Westgate, at the top of Auckland’s North-western Motorway, and Fraser Cove in Tauranga. It owns the Birkenhead & Milford shopping centres […]
Telecom Ltd has sold its 15 business-focused stores to Australian retailer Leading Edge Group Ltd for $16.4 million. Leading Edge will take over on 30 September. In Australia, Leading Edge is Telstra’s 3rd-largest post-paid mobile phone dealer. It operates a national network of 1300 stores that generate $A1.5 billion in annual turnover.Telecom still owns 25 […]