Watch: $180m Metlifecare village planned for Beachlands
NZX listed Metlifecare has announced it will invest $180 million in a new village on land it has offered to buy near the waterfront at Beachlands by Pine Harbour in Auckland's southeast.Glen Sowry, chief executive, said the village... More
Liquidator warns against $8000 free palm offer: 'plants secured'
The liquidator of an embattled Onehunga palm company says plants valued at an average $8000 each cannot be given away because they are now under his control.Andrew McKay of BDO said assets of Oceanic Palms were not under the control... More
Diana Clement: Add extra layer of warmth
Many homes have insulation in the roof and under flooring. But what about the heat that is escaping through walls?Wall insulation makes a big difference to the comfort and warmth of your home, says Christian Hoerning, senior sector... More
Robyn Welsh: Witness to many changes
Built in 1928, this home has seen life from more sides than most. Ninety years ago, it took shape in Dell Ave in Remuera, deep in the heart of the established eastern suburbs. In 1973, it was shifted 23km, on to this block in... More
Donna McIntyre: Hints of nostalgia
It took Ange Garland and her husband Andrew more than two years to find this section at Karaka, and another two to plan their dream home."We thought Karaka would be an ideal spot to bring up kids," says Ange of their children, Mack,... More
Major development to provide hundreds of houses in Auckland
A major housing development aiming to deliver hundreds of homes within five years has been announced by Auckland Mayor Phil Goff.Goff said an empty site in Manukau, at 20 Barrowcliffe Place, would be developed into a residential... More
Clive Martin: Key moves to get your dream investment
Whether it's a bach at the beach, house in the suburbs or small apartment in the city, the prospect of owning an investment property has long been part of the Kiwi dream.According to Statistics New Zealand, residential property... More
Split risk and fully leased Albany building
Five fully-tenanted units within a single building, used for warehouse, office, showroom and residential purposes, will go under the hammer next Thursday as a split-risk property located in Albany on Auckland's North Shore. "This... More
Auckland a Pacific hot spot for co-working
Auckland is increasingly a hot spot for the growth of flexible offices including co-working and serviced space, says Mark Grant, head of markets for JLL New Zealand. Commenting on the release of a new JLL report entitled Spotting... More
Property moments from Christchurch Airport
A significant land holding within a stone's throw of Christchurch International Airport is for sale through JLL agents Sam Smith and Hamish Stallworthy.The 17.7445ha freehold site at 475 Memorial Avenue is for sale through expressions... More
Timber high-rise tower mooted for Auckland: suggestions on a number of sites
A building expert wants the Auckland waterfront area to get this country's first timber high-rise, saying the Wynyard Quarter or Britomart areas would be ideal for a significant wood tower.Damian Otto, director of design and digital... More
First NZ floating home community planned for Coromandel
New Zealand's first floating home community is being proposed for the Coromandel but plans for a Gulf Harbour project promoted three years ago are yet to become a reality.Kerry Martin of Waterside Sustainable Developments of Selwyn... More
Recent Deals for Monday May 21
Takapuna Promenade building A multi-tenanted, 1672sq m, two-level commercial building on an 817sq m Metropolitan Centre zoned corner site at 8-12 The Promenade, Takapuna, with frontages to three CBD streets, sold for $7.4 million... More
ANZ commits to Sylvia Park 'town centre'
ANZ Bank New Zealand, through its wholly-owned subsidiary Arawata Assets Limited, has agreed to lease about 6740 sqm of space at Kiwi Property's No.1 Sylvia Park office development now under construction in Mt Wellington, Auckland.... More
Commercial capital values may confuse newbies
Council-issued capital values can be hugely confusing for entry-level commercial property investors, warns an investment sales specialist.Every three years, councils around New Zealand undertake capital value (CV) assessments to... More
Iwi property clout is growing fast
The commercial property market needs to increasingly take note of where Iwi plan to invest their treaty settlements, Ward Kamo, Bayleys Tu Whenua director."Since the first settlements of the 1990s, the value of Iwi assets has grown... More
Landlord awarded tenant's Airbnb profits after property illegally subleased
A Wellington landlord has been awarded a tenant's Airbnb profits in a decision that could open the door for property owners to recover profits from subleasing. The tenant had been illegally subleasing the landlord's Bellagio Apartment... More
Five RICS awards to CBRE
The international commercial real estate Behemoth CBRE — along with this country's market leaders, Colliers International and Bayleys — were among standouts at the annual RICS Awards, in Auckland on Thursday night.An audience of... More
Kiwi Property earnings climb 8.2 pct as acquisitions, finished developments spur higher rents
Kiwi Property Group lifted annual earnings 8.2 per cent as the real estate investor's rental income was boosted by the completion of several developments and new acquisitions, although smaller revaluation gains led to a fall in bottom... More
Rents across New Zealand soar, hit new highs
National median rents in New Zealand hit a fresh record of $475 in the month of April, an increase of 5.6 per cent from the same time last year.According to the latest Trade Me Property Rental Index, rents outside of Auckland, Wellington... More