Bayleys sold 7 properties in the Waikato, Bay of Plenty & Wellington last week in its third Total Property auction series for the year.
The Trust Investments Property Fund has ended up with ownership of HEB Construction Ltd’s headquarters building in Wiri at a slightly higher price than it negotiated early last year after the rental figure was finalised, taking its portfolio of commercial properties to $150 million.
The wheels are turning and transformation down the southern corridor to Hamilton is on the way. Alternatively, transformation is on the way up that corridor, from Hamilton to Auckland.
8 North Island properties south of Auckland were sold in Bayleys’ Total Property auction series last week.
A roadfront unit in a new Kea Property development on Ellice Rd, at the top of the Wairau Valley, was sold for a snip under a 5% yield at Colliers’ auction today. Colliers agents have sold another 6 properties from East Tamaki to Queenstown recently and signed 5 leases, all but one in Auckland.
Fonterra Co-operative Group Ltd has sold 6 Fonterra Farm Source stores around the North Island through a joint auction programme between Bayleys & CBRE head of agri-business Jeremy Keating.