Real estate stories
A real estate investment trust has revealed the value of two recent data center sales, with the total sum exceeding $85 million.
As a result of the deal, RENT is set to acquire the existing RentPay system as well as its website and customer base.
Nearly 70 per cent complete, Brisbane’s 45-metre 25 King office tower has drawn fresh investor interest as Impact Investment Group seeks co-investors.
Confidence has climbed past pre-election levels, with survey respondents expecting house prices to rise in every market over the next year.
New Zealand’s housing market set a fresh record after the national median house price rose 5.0% to NZD $562,000, REINZ said.
Rising land and building costs are threatening to curb Auckland’s future housing pipeline, with developers struggling to make projects stack up.
Severe housing shortages in Queenstown are set to ease as 230 freehold apartments in Remarkables Park go on sale from NZD $495,000.
A strengthening global market is lifting optimism in construction, as a new report shows the industry emerging from the financial crisis.
Some skyscrapers are demolished after damage, obsolescence or changing use, despite their towering scale and historical presence.
More than 85 containers are helping keep the NZD $790 million Westfield Newmarket rebuild efficient, despite tight inner-city space constraints.
Foreign capital now dominates New Zealand’s biggest commercial property deals, as domestic investment fell 77% to GBP £400 million in 2017.
Housing prices are likely to stay firm for some time unless the government finds new ways to unlock supply and affordability.
Tight vacancy and rising rents are keeping Auckland industrial yields near record lows, despite signs of slower growth later this year.
Sales growth was strongest in 23 months as New Zealand’s property market posted its biggest annual rise since May 2016, REINZ said.
New government backing is aimed at unlocking stalled private housing projects and speeding delivery of affordable KiwiBuild homes across New Zealand.
Investor confidence has recovered to September 2017 levels, even as online retail growth and flexible offices reshape New Zealand property demand.
Auckland occupiers and investors face fresh disruption as the government revives the East West Link in a scaled-back $800 million form.
The 25-year-old Porirua mall will keep its on-site staff after a AUD $100 million sale, easing concern for retailers and shoppers.
Prices outside Auckland climbed to record levels in March, even as the city’s median house price fell 2.2% year-on-year.
Investors are being offered a 178-unit Auckland CBD hotel with an 11-year lease, in a sale billed as the city's first major since 2012.
