Latest fromCommercial Property

First look: Inside Foodstuffs NI's biggest new supermarket – $73m New World Pt Chevalier
'Our biggest new store opening since the February opening of Pak'nSave Highland Park.'

Construction progresses at the site of the new New World Pt Chevalier on Great North Road
A major new Foodstuffs supermarket is taking shape in Pt Chevalier, designed by Wingate Architects. Video \ Jason Dorday.

On The Up: Inside award-winning Te Taumata o Kupe Nuku, Pt Chevalier
The building aims to revitalise mātauranga Māori, particularly legendary navigator Kupe.

'Alternative to a rusting hulk': Relief over Icon finishing Seascape
'Well done, Icon. The city will be behind you.' - Shane Brealey, Simplicity Living MD.

Icon replacing China Construction: $300m Seascape tower to be finished
Developer Shundi Customs announced a new builder for 56-level Auckland apartment project.

What submitters say about Anna Mowbray, Ali Williams' helipad application
All 1397 public submissions are out: 91% or 1277 opposed, 108 supporting, 12 are neutral.

'Resorted' to drone: Body corporate wins case against Paraparaumu unit owner
'Drone wash was not as effective as a manual wash would have been' - tribunal decision.

House prices down in most regions in year to March
Prices either static or falling throughout NZ, only six areas had price rises lately.

Property Insider: What can be done about Seascape? Rich-lister Kurt Gibbons’ waterfront Herne Bay house sale
'Our hope remains that this civil dispute is resolved as quickly as possible' - McCormick

Wattle Park developer liquidated: Kiwibank owed $3.6m, Inland Revenue $1.09m
Project completed in January 2022 but developer blames Covid and the downturn for debts.

Clarkes must front up to interview with PwC: High Court
Clarkes have so far refused to be interviewed by the receivers of many Du Val entities.

Property Insider: Fletcher’s $15m ‘mistake’, debate on granny flat law relaxation
What do people in the sector say about Fletcher Building closing its $15m plant?

‘Dream does not become reality’: Steve Evans on Clever Core failure
'Thanks to all who believed in it like me, worked in it, and supported it.'

‘Emerged from the shadows’: New Auckland brothel Dark Desire
Previous owners cited a downturn in trade as one of the reasons for business liquidation.

Crane numbers down 15% nationally with sharper drop in Auckland
'This is not surprising given the ongoing issues in the market' - Steve Gracey of RLB.

Housing glut: Auckland’s biggest agency has record unsold stock
Some Auckland vendors had begun to expect higher prices, REINZ said of February data.

Du Val saga: How were jewellery, artworks, firearms paid for?
PwC sought court orders for Clarkes to deliver assets or provide information about them.

‘Such big development potential’ - why Queenstown place went for $45.5m
'The price was big because the sale included so much flat land.' - local investor

Property Insider: Spooked by agency closures; developer retrenching; residents begin Amaia shift
People are alarmed by the JLL closures, asking what that says about the successful agency.

Woolworths wins consent for giant $213m land deal in Christchurch
Overseas Investment Office approval comes day after Govt announces supermarket crack-down.

Not so clever: Fletcher Building’s prefab house-building factory to shut
The $15m factory, which has 35 workers, will close by June 30.