Commercial Property

Heritage-listed building up for grabs

The Manor, also known as the former Red Cross building, is on the market.

Former Red Cross HQ, now known as The Manor, boasts 10 bedrooms and five bathrooms.

Lawyers in short supply

The shortage of property lawyers, especially in Auckland, stems back to the property slowdown five years ago.

Shortage of commercial property lawyers to handle booming market.

Chow brothers closer to public listing

Michael Chow, left, and brother John received approval on Friday for the reverse take-over of listed shell company RIS Group.

Property magnates the Chow brothers are one step closer to listing their $200 million portfolio.

Large development site up for grabs

A large development site on Waghorne St in Napier is up for grabs.

A 4139 square metre residential development site in Napier is on the market.

From post office to homes

Artists impression of the proposed redevelopment of Lower Hutt's old Central Post Office building.

The man at the forefront of the refurbishment of the former post office in Lower Hutt is putting his money where his mouth is.

Office space in short supply

A new commercial building - yet to be built - on Wellington's waterfront has been leased by PricewaterhouseCoopers.

Available retail and office space in Auckland and Wellington falling.

Gamer joins former CIT campus

The long-disused Central Institute of Technology complex in Upper Hutt has been sold and also has a new tenant.

Aurora 44 moves to Upper Hutt site which is aiming to attract more technology players.

Petone businesses want land certainty

Leasing the old Motor Corp site in Petone is challenging due to uncertainty over the final design of the Petone Grenada Link road.

The planned Petone-Grenada road is making it hard to lease industrial land by SH2.

Doubts over Shelly Bay sale

A shadow of doubt has been cast over the sale of Shelly Bay.

The sale of Shelly Bay could fall at the first hurdle say the iwi landowners, who are concerned members not voting will jeopardise the sale.

Bumper year for hotel sales

The 108-room Kingsgate Hotel Wellington has been rebranded as The Thorndon Hotel Wellington by Rydges after it was sold in March.

Eleven hotels were sold in New Zealand last year, totalling more than $290 million.

Lower Hutt warehouse up for grabs

The warehouse in Alicetown, once occupied by Stirling Agencies, is up for grabs.

A rundown industrial building in Lower Hutt has been put on the market.

Has property reached a peak?

Brent McGregor, managing director of CBRE, says a commercial property shortage will push yields up further.

Has the robust commercial property market got further to run?

Women in real estate

Colliers International brokers Georgina Young, left, Michelle Chadwick and Janette Lillas are reading to take on commercial real estate.

In what is typically a male-dominant world, three women are taking Wellington's commercial real estate scene by storm.

Supermarket sign riles residents

Perspective image of the planned Main St entrance to Greytown's FreshChoice supermarket.

A supermarket owner has defended a council decision to allow a large sign in Greytown's heritage precinct.

Supermarket to be upgraded

New World Whitby is getting a makeover.

New World Whitby will be getting a new look.

Property that's never had a vacancy

A Wellington retail investment property on the corner of Wakefield and Tory Sts has been put on the market.

The last of Chris Parkin's commercial interests in the Museum Hotel and apartments is up for grabs.

Whanganui's 'Downton Abbey' up for sale

The grand Stewart House built for one of the Whanganui's founding fathers has been placed on the market.

32-room mansion Stewart House is believed to have a secret staircase hidden behind walls.

Property sector predictions for 2016

The office sector will break new ground in 2016, according to Colliers International New Zealand. Current growth potential for this sector is unprecedented in New Zealand's recent history.

Colliers International New Zealand predict the hotel sector will continue to boom.

Shelly Bay on market for over $10m

Port Nicholson Block Settlement Trust does not have the financial resources to develop Shelly Bay, so is voting to sell the land to The Wellington Company.

Port Nicholson Block Settlement Trust is selling Shelly Bay because of financial difficulties.

Vital buys Lower Hutt hospital

The new owner of Boulcott Hospital has most of its portfolio in Australia.

Listed health property firm buys Lower Hutt private hospital.

Leaky building action widens

Scott Woodhead in front of his leaky Wellington home.

The owners of 22 leaky commercial units are joining a lawsuit against building materials maker James Hardie.

Retailers sought for plush Albany hotel

Artwork by the vice president of Sudima Group adorns the walls of the refurbished Sudima Christchurch Airport Hotel.

Construction is about to begin on a new major hotel on Auckland's North Shore, the Ramada Albany.

Shelly Bay sale imminent

The rundown Shelly Bay looks set to be sold by its owners Port Nicholson Block Settlement Trust to The Wellington Company.

The Wellington Company could purchase Shelly Bay land.

Museum Art Hotel may expand

The new owners of the Museum Art Hotel have bought the land next door - known as Mr Chan's - and are said to be planning to expand.

Industry sources say new owners of the Museum Art Hotel are planning to expand.

Former Serepisos HQ sells

Wellington property developer Mark Dunajtschik is the new owner.

Bankrupt property developer's former head office, ASB Bank Tower, is sold again.

Repaired flats like 'turd in glitter'

Victoria University of Wellington wants to demolish the Gordon Wilson flats, once owned by Housing New Zealand.

Listed Wellington flats have "concrete cancer" and should not be repaired, developer warns.

Councillor slams his council

Hastings District councillor John Roil at the site on which he intends to build a 2,400sqm. workshop and a 1,200sqm. canopy.

Councillor says the actions of his own council are forcing businesses to look to other regions

Former ANZ getting makeover

From left, Cornerstone Partners chief executive Andrew Cotterrell, marketing coordinator and leading project consultant Barry Smith and Cornerstone Partners chief financial officer Peter Dowell outside the old ANZ building which they will completely refurbish before leasing.

One of Wellington's prime waterfront properties is set for a complete refurbishment.

New look for New World Metro

Foodstuffs North Island is upgrading its New World Willis St Metro supermarket in central Wellington.

Wellington's New World Metro is getting a makeover - complete with a new entrance.

Industrial site snapped up

A 3295 square metre property in Levin, which is leased by Blue Chip tenant Electra Limited, has been sold.

The $925,000 sale of an industrial site in Levin has set a benchmark for commercial property sales in the region.

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