Monthly Musings.

Thoughts on the Real Estate market and beyond.

Is this a new record?

Feb 14 2012

Over the years we have lost tenants for a variety of reasons. Some purchase their own buildings. Some need smaller or larger buildings. The odd one has even gone broke.
 
This week saw our shortest ever tenancy – between signing the agreement to lease and paying the deposit (which never…


Mana Place

Feb 03 2012

The current tenant at 6I Mana Place, Manukau will be vacating end of February. We will immediately be looking to complete a basic refurbishment.

Ideally, we'll have a committed tenant and we'll be able to tailor the refurbishment to suit their requirements.

The building is 170 sqm…


Business goes on

Feb 03 2012

Amongst the talk of doom and gloom that seems to come in a different form almost every day out of Europe, our view on the economic future for New Zealand is a little different. We recognise that in a global village a butterfly hatching in Greece may  cause a tsunami here, but most of the time business…


141 Kerrs Rd has been leased

Feb 01 2012

141 Kerrs Rd has been leased thanks to John Bolton of Bayleys.


4/10 Dent Place under conditional contract

Jan 09 2012

Unit 4, 10 Dent Place is under conditional contract to end February. Call us for more details.


Making sense of yields

Jan 09 2012

The festive season gives us good opportunity to amply consider many things. This year, after the pavlova was consumed, and before we settled on the resolutions for the new year, I started to think about property yields – and more particularly why they are at the level they are.

I tend to discount…


5B POLARIS PLACE Refurbishment Complete

Dec 05 2011

The refurbishment at 5b Polaris Place, East Tamaki is nearly complete.
 
The building comprises 482 sqm medium stud warehouse and 68 sqm office/amenities. It is located in the heart of East Tamaki and has dual roller door access, perfect for storage or manufacturing!

View…


General Election and Festive Greetings

Dec 01 2011

GENERAL ELECTION

Another election has come and gone - this one notable for both how little disruption it caused to economic activity, and for the low voter turnout. In percentage terms it was the lowest turnout in 120 years. We can certainly empathise with the attitude that by ignoring politicians…


Domain Road now complete

Nov 30 2011

The transformation of 4 Domain Road from an original 50's style chartered drinking club, to a modern apartment and showroom / warehouse is now complete and the tenant is in occupation. The project was Expedio's first New York style apartment conversion, and we are proud of the results.

Not…


13G Saleyards Rd has sold

Nov 21 2011

13G Saleyards Road, Otahuhu has sold thanks to Katie Wu of Bayleys.


Is easier really better?

Nov 01 2011

New Zealand is generally recognised as a business friendly environment. In fact New Zealand has ranked first as the world's easiest place to start a business and third out of 183 countries for ease of doing business in a report from the International Finance Corporation and the World Bank. The cost…