Latest fromCommercial Property

DNZ buys $17m Newmarket property
DNZ Property Fund, which is almost halfway through a planned series of asset sales, has bought Heartland House in Newmarket, Auckland, for $17 million, in an area it describes as one of its preferred locations.

Ex-PM facing legal action
Ex-Prime Minister Jenny Shipley says she will "vigorously defend" legal action she is facing from the liquidators of collapsed property group Mainzeal.

Offshore growth boosts SkyCity revenue
SkyCity Entertainment Group, the listed casino company, says group revenue is up 17.9 per cent to $415.6 million for the second half of the 2015 year-to-date, accelerating from the pace of sales....

NPT's profit drops 16%
NPT has posted a 16 per cent drop in annual profit, reflecting a bigger uplift in the year-earlier period from a revaluation of properties.

New Te Uru Waitakere Contemporary Gallery
As with many big jobs, this one started out small. Auckland’s Mitchell & Stout Architects was only initially asked to upgrade Titirangi’s historic ex-hotel Lopdell House, expanding its existing art gallery and redesigning its basement theatre. Work was really planned to focus on a single building. But that would never have worked.

Fletcher seeks rezoning for quarry land
Fletcher's application to have Auckland's Three Kings Quarry rezoned as residential begins this week.

Record jail terms, but out early
Two finance company directors - sentenced to some of the longest prison terms for their offending - have been given parole.