Waiheke Island marina re-hearing denied, Kennedy Point project to proceed
The Environment Court has refused an application by opponents of a Waiheke Island marina, clearing the way for the project to go ahead.In a decision just released, Principal Environment Court Judge Laurie Newhook, sitting with two... More
White island eruption: $4.5m possible annual gross revenue from rūnuga tourism business
Te Rūnunga o Ngāti Awa might have earned a gross $4.5 million a year from its White Island Tours, contributing to the rūnunga's rising $13.1m annual revenue for the latest financial year.Ngāti Awa's annual report... More
Largest-ever Hawke's Bay industrial portfolio on the market
A substantial Hastings industrial estate with long-term leases to a mix of local and international tenants is the largest industrial offering ever to be placed on the open market in the Hawke's Bay.Colliers International has been... More
Auckland CBD's southern precinct heating up
Auckland's southern CBD has become the latest investment hotspot, as unsatisfied demand for core CBD stock leads investors to seek value in emerging precincts.Blair Peterken, Director of Capital Markets at Colliers International,... More
Havelock North motel sells for record low yield
The Harvest Lodge Motel in Havelock North has sold to a well-known local property investor for a record-breaking low yield.The 19-unit property on Havelock Road is among the top-rated motels in the Hawke's Bay, with a Qualmark rating... More
Squeeze on industrial yard space
Users of industrial yard space are facing a worsening shortage of property available for lease, as more and more vacant space is developed to meet the ongoing demand for warehousing in Auckland.Savills Auckland's industrial team... More
Major transport hub comes to the market
Set to make a huge impact in Auckland's logistics sector, a state-of-the-art 36,080sqm freight forwarding intermodal facility occupying part of a 17.16 hectares site with rail connectivity and leased to Toll on a 15-year initial term... More
Suite deals on offer as hotel property portfolio launches
A selection of hotels currently in their design and build phase, a range of provincial properties, and an island resort which has been dormant for several decades jointly headline a national portfolio of commercial accommodation venues... More
Doolan Brothers in Newmarket for sale
A popular Irish-themed pub in Auckland's Newmarket has placed on the market for sale.Doolan Brothers Newmarket is one of eight Auckland bars and restaurants owned by Good Spirits Hospitality.The Doolan Brothers Newmarket restaurant... More
Marlborough vineyard for sale
The land, buildings and business sustaining a commercially-run sauvignon blanc vineyard surrounding a function venue and boutique accommodation business have been placed on the market for sale.Bhudevi Retreat at Rapaura north-west... More
New commercial hub in Wynyard Quarter
Auckland's flagship Wynyard Quarter is about to be further boosted by a new commercial development that will take its place alongside Silo Park, and amongst North Wharf, GridAKL, the Auckland Fish Market and VXV.Orams Marine, headquartered... More
$6m building job blows out to $10m at 116-year-old veterans' building
The cost of restoring a 116-year-old Auckland veteran's building almost doubled, from an original $6 million to $10m according to the project's chief.Graham Wilkinson, a director of the privately-owned retirement chain Generus Living... More
White Island eruption: How Auckland's Buttle family came to own island
Auckland's Buttle family owns Whakaari/White Island, one of a few privately-owned islands throughout New Zealand, property records show.The title shows their company, Whakaari Trustee, as the registered landowner. Companies Office... More
Council files 17 charges against Formosa Golf Club for sewage dumping
Auckland Council has filed 17 charges of sewage dumping against three people involved in an east Auckland golf club.Steve Pearce, the council's manager of regulatory compliance, said the defendants were of the Formosa Golf Club."Auckland... More
Teen landlord tells how he bought first rental in Whangārei after saving $30k
"Eighteen years old and own an IP," announced the North Shore's Theo Hancock on Friday to social media about his debut investment property.But he didn't tell the whole story at the outset.Hancock said buying the Whangārei... More