Latest fromCommercial Property

Maori leases land for retirement village
Local hapu Ngati Whatua Orakei now says it isn't selling a prime piece of Auckland waterfront land to retirement village operator Ryman - it's only leasing it.

London's crown jewels shine
If you wanted to tell the story of the credit crunch and its aftermath in a single building, the recent history of banking giant HSBC's gleaming headquarters at London's Canary Wharf could be a good example.

Developer dreams of tallest US tower in Chicago
Garrett Kelleher, the Irish developer trying to restore Chicago's status as home to the tallest building in the US, has one last chance to keep his dream alive.

Farmer sits on $13.6m land profit
A large chunk of residential land for sale will enable the building of hundreds of new homes as the Auckland Council tries to solve the city's housing crisis.

Inter(Sky)City? Maybe not anymore
SkyCity Entertainment Group wants Auckland's InterCity Coachlines station out of its casino headquarters.

Three-in-one site set for hotel spin-off
Three retail properties in Havelock North, Hawkes Bay, that are likely to benefit substantially from the construction of a new five-star hotel across the road, are for sale.

AA makes room for driven buyer
An AA vehicle-testing station is about to vacate a large business mixed-use zone site in central Onehunga, offering a range of options for a new owner.

Beachfront project labelled a let-down
A big new Takapuna beachfront development started a few weeks ago has left an Auckland councillor unimpressed

Lease demand reflects confidence
Strong leasing demand for industrial premises is responsible for the overall vacancy level within Auckland's main precincts falling from 5.5 per cent to 3.8 per cent.

Offices take prime place
Leasing has started for a four-storey office building to be constructed in Albany by NZX-listed DNZ Property Fund.

How golf sell-off is saving the clubs
Long-established golf courses in the financial rough are selling land and property to generate the funds they need to stay open.

'Haunted' island to be auctioned
The leasehold of a Venetian island described as one of the most haunted places in Italy is to be auctioned next month as the state desperately seeks to raise revenue.

Team NZ site flagged for hotel
A Beijing developer has won the right to build a $200 million five-star hotel on the Auckland waterfront site currently occupied by the Team NZ headquarters.

Leaseholders ready to fight
The Cornwall Park Trust Board has proposed a new "modern lease" to resolve long-running dissatisfaction from Greenlane and One Tree Hill residents.

Lloyd's underwrites NZ warranty
One of the world's biggest and oldest insurers is underwriting a new building warranty insurance scheme being launched in New Zealand.

No more annoying flatmates
The hidden cost and hassle of going flatting has boosted business for a chain of new-style boarding houses on former suburban office sites.