Auckland real estate agent fined $3000 for selling house with illegal rooms
An Auckland real estate agent who sold a property with illegal rooms was found guilty of unsatisfactory conduct, fined $2000, reprimanded, ordered to undergo training and told to pay the victim $1000.In the case where the victim... More
New portfolio for upbeat market
The commercial property market continues to show sustained growth on the back of low vacancy, with demand continuing to outstrip supply, according to the latest independent research commissioned by Barfoot & Thompson Commercial."Our... More
Office building in city's legal quarter
An office building on Princes St is for sale, offering investors an opportunity to acquire a high-profile Auckland property with add-value potential.The multi-level building, at 2 Princes St, is located on the corner of Eden Cres... More
Land here, take off: Airports key to urban growth
Airports are shaping business location and urban development in the 21st century as much as highways did in the 20th, railroads in the 19th, and seaports in the 18th, according to property research.Analysis of New Zealand's major... More
Largest single off-market hotel transaction in NZ
NZ Super Fund's investment in a $300m hotel represents the single largest off-market hotel transaction in New Zealand's history, says the Colliers International specialist who played a strategic role in negotiations.New Zealand's... More
Choice site hits stage on Broadway
A mixed-use commercial property in a high-profile position on Broadway, Newmarket's main retail strip, is for sale and offers a substantial cash flow from its 17 tenancies, as well as an opportunity for future development. One... More
In the mix: Igniting under-utilised urban locations
Mixed-use developments are lifting urban locations and blurring boundaries between property asset classes as international trends play out in New Zealand's commercial real estate market, according to new industry analysis.Large-scale,... More
Workshop and office property has potential
A freehold commercial property for sale in Newmarket offers multiple opportunities for owner-occupiers, investors and developers.The 695sq m property, at 8 Margot St, is zoned Business Mixed Use, which allows for a multitude of... More
Kaikoura luxury lodge offers slice of beauty, profits
A boutique luxury lodge in Kaikoura has been placed on the market, allowing a new owner-occupier to take over a hospitality business.Manakau Lodge was established in 2012 by Neil and Eileen Protheroe, who identified a niche in the... More
Watch: French dominate Link Alliance boss ranks at $4.4b City Rail Link signing
The French were out in force this morning at a major event in Auckland when the Link Alliance signed the station and tunnel contract of New Zealand's largest infrastructure project, the $4.4 billion City Rail Link.The dominance... More
$4.4b City Rail Link milestone: tunnel contract sealed as officials sign up Link Alliance
Auckland's $4.4 billion City Rail Link project hit another milestone this morning with the signing of the tunnel and station contract between state officials and the winning Link Alliance bid.The Government/Auckland Council entity,... More
'Rampaging at night': Remuera tenant wins $2500 from landlord because of wild neighbour
An Auckland tenant has won $2500 compensation after her landlord didn't do enough to evict a second tenant who was "rampaging around at night, causing a disturbance".According to a recently published Tenancy Tribunal decision, Anne-Michelle... More
Colliers agents still have to pay over $700,000 after appeal
Two Colliers International agents still have to pay more than $700,000 to a former client after they challenged that amount from a High Court decision last year.Colliers commercial agents Grant Robert Lloyd and Philip James Leslie... More
National house shortage hits 130,000, could rise to 150,000: Kiwibank economists
New Zealand is short of 130,000 homes, the tally having risen lately by 30,000, two economists say.Jarrod Kerr and Jeremy Couchman, Kiwibank economists said: "This time last year we showed a shortage of 100,000 homes across New... More
Repayment uncertain: Ex-Hawkins business owes lender McConnell $23m
The failed Orange H Group construction businesses, once part of New Zealand's second-largest builder Hawkins, owe secured lender McConnell Ltd $23.4 million but it remains uncertain how much of that will be repaid.Andrew Grenfell,... More
Developers seek urgent sales, plans for 68 Auckland residences ditched
Developers are quitting Auckland projects and instead of building 68 new residences are now seeking urgent or fire sales, an agent says.James Law of James Law Realty on Shortland St yesterday said this about the Shanghai-based owner... More
$200m leaky building lawsuit: Victims win latest court discovery round against James Hardie
Leaky building litigants claiming more than $200 million have succeeded in their latest round against building cladding manufacturer and supplier James Hardie over its Harditex, Monotek and Titan products.Justice Christian Whata... More
France's Alstom showcases best trams for Auckland $6b plans
One of the world's biggest train-builders has pitched its machines to planners working on Auckland's proposed $6 billion light rail project.Jean-Francois Blanc of French train maker Alstom hosted a breakfast briefing yesterday alongside... More
Historic Taranaki post office sale could deliver good investment returns
A grand old Taranaki post office building is on the market and potentially offering buyers a 10.8 per cent return on investment.Built in 1923 in Patea - about 60km north of Whanganui, and 27km south of Hawera - the two-storey building... More
Parnell office unit for sale in character building
A Parnell office unit is for sale in the popular Auckland city fringe location, presenting a rare purchasing opportunity for an owner-occupier."It's so difficult to find units to buy in Parnell," says Conrad Traill of Ray White... More