Latest from Commercial Property

New, never-lived-in Auckland apartment project up for mortgagee sale
WFT Finance brought in a subcontractor to finish the apartments before calling Colliers.

‘Struggling’: Wellington businesses paying $20k more in rates than other cities
Some fear it's driving business away, so why are Wellington's commercial rates so high?

Nadine Higgins: Should you swap residential for commercial property?
Commercial property yields in NZ range from 5% to 8.38%, higher than residential.

First look at $1b warehouse hub by James Kirkpatrick Group
Heir's vision becomes a reality: 'Dad wanted this to be the best' – James Kirkpatrick jnr.

Paved paradise? Top Auckland school builds staff car park on $150m gifted farmland
The ASB MAGS Farm is protected by a covenant requiring it be used to teach farming.

'Poor Fletcher Building' - analyst on legal action from SkyCity on NZICC
Poor Fletcher Building. This is what we have come to expect all the time - Swanepoel

SkyCity suing Fletcher Building for $330m over convention centre delays
SkyCity tried to resolve claims by agreement but said it was unable to do so.

Real estate agent Ollie Wall and agency must apologise after complaint
Real Estate Authority committee decision: complainants' names, address suppressed in case.

'Unauthorised modifications': Developer, builder fined $35,000
A judge convicted the businesses after changes were made to a level-18 penthouse.

'Significant reset': Ryman CEO Naomi James on latest year
'Challenging market conditions': revenue up but devaluations, other items hit bottom line.

'More challenging economic environment' – Goodman CEO
Achieved targets and delivered strong result in a more challenging environment: CEO.

'Real stress': Labour MP Ingrid Leary on retirement village payouts
The law doesn't say when capital sums must be repaid, causing 'real stress': Ingrid Leary.

'No recovery yet': Auckland apartment market flounders
Build-to-rent was boosted by a new project, a trend noted in the latest research.

$161m sale of Manukau shopping centre announced
The property is fully leased and on a 9.8ha site.

Property Insider: Wee problem blights rich-lister’s boatshed
Once, wine was made in the buildings. Now it's Tourism Holdings' HQ – campervan heaven.

Ikea, Resido build-to-rent, Drury a focus for Kiwi Property: full-year result
The long-awaited arrival of the global leader has retailers and shoppers excited.

NZ's biggest private hospital expansion: First look inside $190m project
Country's biggest private intensive care unit was built as part of the Epsom expansion.

Andrew Dickens: What's really to blame for Smith & Caughey's closure
OPINION: Smith and Caughey's on Queen Street is closing, upsetting many Aucklanders.

‘Shotgun’ cladding: Homeowner complains about new $1.27m home, builder says nothing wrong
Sound's a known behaviour of the product and not a sign of a defect, says Fletcher Living.

Three apartment developments first to get approval for Crown underwrites worth $75.5m
Crown entity backs the projects, agreeing to buy units if they aren't sold on completion.

From Ikea to Kmart: The biggest building projects taking shape in Auckland
Huge new retail outlets opening this year and next are set to change Auckland's shops.