
Latest from Commercial Property


Landlord gives retail tenants $8.3m rent relief, net profit falls
But revenue and dividends rose.

NZ's highest paid CEO: Fletcher boss takes home $6.58m
"We've achieved as a company. The buck stops here," says Fletcher boss.

Fletcher declares strong result, profit up 42%
Company was forecast to push up operating earnings by 12 per cent for year.

The cut of their Gib: What to expect from Fletcher Building's annual result
"We don't expect many surprises": Forsyth Barr analysts on Wednesday's result.

Beach Haven cliff collapse: Mystery of vanishing vegetation
On July 15 there was a slip beneath the recently built $2.25m property.

Estate agent stripped of licence, can't work for five years, fights back
No licence for five years - the severe penalty of having his licence cancelled

HomeGround wins top Property Council prize
All up, 83 entries were received for the awards, held at Spark Arena.

Landlords react to Government U-turn on tax breaks
Powerful commercial forces gain back rental property benefits, others less fortunate.

Covid-recovery law sees 55-level Auckland apartment tower fast-tracked
Block to be one level shorter than The Pacifica.

How listed landlord boosted profit by 9pc
Board and management expect to deliver further earnings, distribution growth.

Rising interest rates bite: Homeowner forced to sell
'We're a long way off the peak of mortgagee sales of 777 in Q3, 2009.' - Goodall

Record $16.5m Remuera penthouse sale - who's the mystery owner?
Some townhouses are being discounted but has a new penthouse valuation record been set?

Ryman abandons $95m plans for new village in Australia
Setbacks, including problems securing consents, resulted in property going on the market.

Housing: Real estate firm unleashes mortgagee sale specialist
'We see an upward trend in demand, now that the funders' policies have been lifted.'

House values drop below $1 million average: What's going on in your area?
One area bucked the trend: up 40 per cent last year, down only 3.4 per cent now.

Stonewood Key Capital raises first $50m
"They have reached 50 per cent of the investment goal so far" - spokesperson.

'Panic attack': Aucklanders shocked by council rates hikes
One single mum says she had a panic attack after seeing her new rates bill.

Ministers react to ComCom report on building prices scandal
Live stream of watchdog's investigation into the building sector.

What will competition watchdog say on building supply probe?
How loud will the watchdog bark? Are we being ripped off for house-building materials?

$100m Gulf Harbour waterfront housing estate planned
The site is one of the last remaining large waterfront plots of its kind.

Unsold 'super-sized business park': Why are buyers so reluctant?
11 big buildings, solid international tenants and nearly 2000 car parks - but no takers.

July house sales hit 22-year low
Rural and lifestyle sectors managed to duck downward pressure.

New housing consents stay high but confidence falls
'Clear warning signs of immense pressure': Builders desperate for staff.

Herne Bay Countdown tries to muzzle alcohol sale opponents
Booze battle muzzling bid: Inappropriate time and cost, lawyers say.

$400m Queen St apartments: Design experts want changes to improve elegance
A site beside the famous and troubled theatre would become a 43-level tower.

Shareholder challenges Ryman board, plans FMA complaint
Dispute about what was listed as completed and whether that was true.

Sneak peek: Auckland Airport's $200m retail outlet centre
More than 100 stores will sell fashion, athletic/leisure items and homeware brands.

Rich pickings: NZ's wealthiest man sets new industrial rent record
Experts said Graeme Hart could be booking development margins of up to 20 per cent.

Westhaven's Pier 21 sold: Owner tells of plans
"We're really pleased. It's a nice corner of the Wynyard Quarter"