Hawkes Bay Today
  • Hawke's Bay Today home
  • Latest news
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology

Locations

  • Napier
  • Hastings
  • Havelock North
  • Central Hawke's Bay
  • Tararua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Napier
  • Hastings
  • Dannevirke
  • Gisborne

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Hawkes Bay Today / Property

Hawke's Bay commercial property; 'Storming year'

By PATRICK O'SULLIVAN - Business Reporter
Hawkes Bay Today·
16 May, 2011 09:09 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The Warehouse's new Hastings premises in the former Nelson Park are for sale, along with nearby Kmart Plaza.

They are two of the listings in commercial real estate specialist Colliers International's latest Central Region Portfolio publication, which has a record number of listings.

The company reports a storming year so far for Bay commercial real estate, with 27 unconditional commercial and industrial sales for the first three months of 2011, about double last year.

The Warehouse and the Kmart Plaza are two properties of note on the market.

Australian developers Charter Hall were close to completing The Warehouse at Home HQ, the former Nelson Park.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

They hoped for an October finish, at the same time as Mitre 10 Mega, and were looking for a buyer interested in a blue-chip tenant tied to a 15-year lease.

Connecting Home HQ with the Hastings CBD will be an upgrade on Caroline Rd through Kmart Plaza's car park. Other roading projects had started to facilitate access, paid for by the developers.

Plaza manager Robyn Burns said she was "very pleased with what the council had planned for Caroline Rd" and said it would give the area a lift.

Advertisement
Advertise with NZME.

The Kmart Plaza had diverse tenants and the highest pedestrian count of any shopping centre in Hawke's Bay - the plaza's Kmart was consistently one of the top performing Kmarts in Australasia.

Colliers' central region director Cam Ward said out-of-town money was flowing into the Bay, helped by lower interest rates.

"The money enables the international chains to come here," he said.

But it wasn't all white-shoed outsiders investing.

"There is a deep rumbling of certainty in the rural sector - people are now getting money for their lambs and wool," Mr Ward said.

Save

    Share this article

Latest from Property

Premium
Hawkes Bay Today

Hastings quarry buys neighbouring vineyard for $3m to expand operation

Premium
Hawkes Bay Today

Two more Hawke’s Bay farms sold to overseas buyers for forestry

Business

House prices down in most regions in year to March


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Property

Premium
Premium
Hastings quarry buys neighbouring vineyard for $3m to expand operation
Hawkes Bay Today

Hastings quarry buys neighbouring vineyard for $3m to expand operation

The owner of the quarry says the expansion will help meet 'supply needs for the region'.

08 Jul 06:00 PM
Premium
Premium
Two more Hawke’s Bay farms sold to overseas buyers for forestry
Hawkes Bay Today

Two more Hawke’s Bay farms sold to overseas buyers for forestry

04 May 06:00 PM
House prices down in most regions in year to March
Business

House prices down in most regions in year to March

14 Apr 10:09 PM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Hawke's Bay Today e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Hawke's Bay Today
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Hawke's Bay Today
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • NZME Events
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • © Copyright 2025 NZME Publishing Limited
TOP