Real estate stories
More than GBP £250 million of hotel stock changed hands in 2015/16, as tourism growth pushed yields lower and drew overseas buyers.
Experts say better planning of homes and streets could cut health costs and improve liveability in future cities.
Affordable housing and healthier neighbourhoods are being cast as the key to cutting future city costs and improving residents’ well-being.
Planners face fresh pressure from fast-moving reforms, housing demand and hazard risks as more than 600 delegates gather in Wellington.
The report is seen as a warning that New Zealand’s planning rules are failing cities and could hamper future development unless reform is coherent.
Construction costs could fall and projects finish sooner if New Zealand uses more CLT, an engineered timber system made locally.
The market could more than double to USD $377 billion by 2022 as demand for lower-emission construction materials rises worldwide.
Wellington and Christchurch are diverging sharply after the quake, with confidence climbing in the capital while turning negative in the Garden City.
Better energy ratings are helping landlords cut costs while giving tenants healthier workplaces, higher productivity and longer leases.
A shortage of prime CBD space has pushed Auckland retail rents to record highs and kept conditions tight until new supply arrives.
A shortage of quality CBD rooms is set to ease as Auckland’s last remaining waterfront site is lined up for a 165-room luxury hotel.
Attendance is set to draw more security firms after NZSA joined Facilities Integrate as a partner for its Auckland show in September.
Office tenants in Wellington are facing higher rents and shorter leases after the quake, as vacancies hit a decade low and quality options dwindle.
The upgrade is set to lift the Wellington tower's seismic rating to 88 per cent and put 7,000 square metres back on the market.
Auckland’s rapid growth has left New Zealand grappling with housing shortages and overloaded transport, prompting calls for a rethink on planning.
Buyer demand in Tauranga stayed strong as all five auctioned commercial properties sold for USD $10.9 million, with out-of-town interest lifting prices.
Christchurch investors are being offered a rare premium office asset with 92 per cent occupancy and annual net income of NZD $3.3 million.
Australian customers will gain 24/7 support and a wider choice of entrance systems after Boon Edam teamed up with Auto Ingress.
Urban logistics is gaining value as e-commerce and same-day delivery intensify demand for scarce city-centre sites and push up rents.
Buyers could tap rental income from stables and arena use as a Northland horse-training site goes to auction later this month.
