German fund buys office tower as foreigners look beyond farms
Another prized Auckland office tower has changed hands, confirming that foreign investor fervour for New Zealand extends well beyond the farm.
AdvertisementAdvertise with NZME.
Latest fromCommercial Property
House prices picked to keep rising
Rising interest rates have yet to dent people's expectations that house prices will continue to rise over the year ahead, especially in Auckland and Canterbury.
Vital Healthcare lifts profit on revaluation gains
NZ's largest listed medical and healthcare property investor, said annual profit rose 7.8pc as it recognised a $4.9 million revaluation gain in its portfolio.
SkyCity full-year result gets tick
Analysts appear to be satisfied with SkyCity Entertainment Group's performance, despite a drop in annual profit.
Council execs work with stunning views
More and more Auckland Council executives and staff are moving into central city offices with million dollar harbour views.
Church opens doors to progress
An Auckland-based church centre in Hillsborough near Mt Roskill is for sale now that a larger centre is being built near Auckland Airport.
Buyers fork out $65.5m for three towers
A wealthy Hong Kong family have bought three office towers in Auckland's CBD for $65.5 million in one of the biggest property deals of the year.
Summerset first-half profit growth slows
New Zealand's third-largest retirement village operator, increased first-half profit at a slower pace as it focuses on developing villages for future growth.
Vital Healthcare buys Perth-based psych hospital
Vital Healthcare Property Trust has bought a 31-bed psychiatric hospital in Western Australia, for A$13.5 million.
Market revival long time coming
Auckland’s famous Victoria Park Market needs a rescue plan to confirm the big future tenants were promised.
Rare chance for owner-occupiers
CBRE is offering for sale two industrial properties in Wiri, South Auckland, that are ideal for a variety of owner-occupiers.
Bank buildings posted for sale
Two high-profile suburban retail properties occupied by New Zealand Post and Kiwibank outlets in Avondale and Birkenhead are for sale as investment opportunities.
Three Chinese banks grab prime CBD spots
Three Chinese banks have leased offices in Auckland's central business district, putting further pressure on the stretched sector, says a leasing agent.
Dress-Smart completes expansion
Discount retail outlet Dress-Smart in Onehunga has been expanded and upgraded, with about another 1000sq m added.
Serco aims to give prisoners skills
Prisoners at Auckland's new $300 million private men's jail could be building or fixing metal skip bins.
Auckland mall expansion plans unveiled
A new dining/restaurant and cinema zone at West Auckland's LynnMall and apartments and offices at Sylvia Park are planned.
Property website with a difference
A new website for commercial property, which combines the Herald's national listings of property and businesses for sale with expert editorial writing.