Commercial Property

Mayor's swipe at landbankers video

In February Wellington mayor Justin Lester and deputy Paul Eagle announced 750 units of social and affordable homes ...

They're sitting on land that could be used for thousands of homes. Now they could face a financial sting.

Uncertainty over Farmers Cuba St

Farmers representatives are refusing to give any details over whether it planned to re-occupy its Cuba St premises which ...

One of the city's biggest retailers giving little away over its Cuba St future.

Trump, Brexit drive investors south

CBRE head of research for Asia-Pacific Henry Chin said New Zealand stands to gain from the uncertainty in the US and UK.

Uncertainty in the United States and Britain is a bonus for New Zealand.

Industrial property in short supply

This Pharazyn St property is one of the few available industrial spaces in the Lower Hutt, Petone, and Alicetown.

Availability of industrial property in the Hutt Valley is at an all-time low.

A tale of two post-quake cities

Wellington has been too cheap for too long, Colliers International salesman Alan McMahon says.

Investors are more negative about the Christchurch market than the Wellington one.

Will another big player enter NZ construction?

Auckland is now the hotspot for building, but infrastructure or horizontal construction is strong throughout the country.

Does the construction industry need more competition?

Fletcher's construction boss to leave

Graham Darlow is leaving Fletcher Building after 29 years.

Fletcher Building construction boss retires.

Wanted: 30K more workers

Pipes being laid in Taranaki. A massive ramp-up in infrastructure work is putting pressure on civil contractors.

Construction is booming and there are jobs aplenty, but it's not proving a big enough drawcard for Kiwis.

Spark confirmed as first tenant

Work continues on Takiri House.

Construction of Takiri House will be completed in mid-May.

Petone moves up another gear

An early architects' impression of the Fireman's Arms apartments, soon to be completed in Petone.

More people, more shoppers are destined for Petone.

Southmark House shows capital bouncing back

203 Willis St otherwise known as Southmark House.

Sale an expressoin of post-quake health for Wellington property market.

Plan to relieve 'painful' consents

The Wellington City Council is commencing a review of its consenting, with a view to establishing a one stop shop and ...

Wellington's mayor aims to simplify "difficult and confusing" consent process.

Students 'living in tents'

Homeless students are reportedly sleeping in tents as the capital's rent crisis worsens.

Reports of young people sleeping in tents "the tip of the iceberg", student president says.

Reading Cinema delays reopening

Reading Cinema has been closed since the November earthquake.

Courtenay Place entertainment precinct will now open six days later than hoped.

Uni accused over campus sale

Victoria University's Karori Campus.

Councillors say Victoria is "putting a gun" to their heads over Karori Campus.

Wharf demolition put on hold

The last three bays of the wharf have partially collapsed into Evans Bay.

Councillors have voted to defer pulling down the Evans Bay Patent Slip wharf.

Wellington rest home gets a facelift

The new Kilmarnock Heights facility will have 72 beds and 57 apartments.

Berhampore Enliven joins a wave of retirement village upgrades.

Chow bros scrap hotel plans

John, left, and Michael Chow aim to manage $1 billion worth of property by 2020.

7.8 magnitude earthquake forces Wellington property tycoons to rethink plans for their head office.

Wainuiomata the cheaper choice

Paul Hastings agent Matt Clarke said 19-23 Parkway Road is half the price of similar properties in other parts of the ...

 Wainuiomata warehouse is compared to Hutt Valley prices.

The property afterlife of churches

Not every family home has a steeple, but renovating old churches has become a trend in real estate.

New Zealand's failing churches find an afterlife.

Record commercial property year

Auckland commercial property sales drove the $4 billion boom

Commercial property sales surpassed $4 billion in 2016, according to a CBRE report.

Cinema confirms quake damage

Courtenay Central, including Reading Cinemas, suffered "mostly cosmetic damage" as a result of the November quake, but ...

Torn screens and fallen ceiling tiles among "mainly cosmetic" damage at Courtenay Central.

Flood of shops hits capital

Trelise Cooper's new store at 163 Featherston St, Wellington.

With the "full house" sign about to go up on Lambton Quay, it's been a long time since so many new stores opened at once.

Huge Upper Hutt warehouse for sale

Foodstuff's Wellington distribution centre in Upper Hutt is up for sale.

Supermarket's warehouse too big for its needs.

Commercial property still at top of cycle

The recently sold Countdown site in Te Puke.

There was strong bidding resulting in low yields as investors found better than bank returns.

Courtenay Central set to reopen

The Reading Cinemas and Courtenay Central building on Courtenay Place has been off-limits for weeks following the ...

Central Wellington cinema complex back in two weeks, after quake closure.

Parapet deadline 'extremely tight'

06032017  ROBERT KITCHIN/FAIRFAX NZ
L-R: 
David Weir from Miyamoto International NZ, and H. Kit Miyamoto from Miyamoto ...

Wellington building owners will struggle to hit one-year timeframe, experts warn.

Bus depot in Wellington

The NZ Bus depot on Hutt Road is for sale.

A property with a 15 year lease to NZ Bus is for sale.

Countdown buys Wainui mall

A children's ride, without any children to ride it.

Forlorn and unloved, Wainuiomata's mall looked in terminal decline. Now a new buyer has "game-changing" plans.

Majestic Centre to be sold?

Built in 1991, the 21-level Majestic Centre is valued at $119.8m.

Details about Wellington property deal expected in April.

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