Monthly Musings.

Thoughts on the Real Estate market and beyond.

Working environment – does it matter?

Jan 27 2018

I subscribe to a number of different news feeds. And it seems that almost every week, at least one of them will have an article on what it is like to work at Facebook/Google/Apple or some other trendy tech company. It’s difficult to grasp how workers at the aforementioned ever get any productive work…

License to do business

Jan 11 2018

Every year we see in the media a number of lists variously titled “best countries for doing business” or “ease of doing business”. And New Zealand always places right up near the head of the list. Which is positive acclamation of the minimal hurdles to doing business in New Zealand.

But there…

Can they afford it?

Dec 01 2017

The last 18 months have been particularly good for industrial landlords in Auckland.  Rents have increased significantly. Vacancy rates are lower than we have seen for many years. Landlords can pick and choose from tenants.

It’s reflective of the cycle which over the last 30 years has seen…

Market Comment: Election 2017 Fallout

Dec 01 2017

There was an expectation that we would see changes in the marketplace irrespective of the result of the election. Tightening of funding availability and anticipation of increases in interest rates were always going to impact. With a cobbled together government now a reality, and the various parties…

Further observations from Expo Real

Oct 16 2017

There was a lot to learn from international property professionals. Some of the lessons about the European market that we took away with us were:
Yields are being driven by occupation rates, rather than cheap money.

We think the trend is similar here, and it’s not just yields…

The next three years

Oct 16 2017

There is an old adage that says that a Labour government is great for business. But bad for the country.
So we will take what is good for business. And a few years on will have to suck up any damage to the country.
Aside from the obvious commentary on the process (that 7.5% of the…

Tenant vs Quality Tenant

Oct 16 2017

There is something of an inherent conflict in the motivations of agents and landlords when seeking tenants for vacant buildings. On the surface it would seem that both want the same end result – a tenant signed up. The agent wants the tenant signed up so he (and in our sector it is almost always a…

The Boy who cried Wolf

Oct 01 2017

I recall a childhood story from Aesop’s fables regarding a shepherd boy and his false cries of “wolf”

It goes something like this:

A boy called Peter lived with his parents in a village on the hillside. His parents, like most of the other people in the village, were sheep farmers.…

What is LinkedIn?

Oct 01 2017

It only takes a couple of people asking this question to start a thought process. What is LinkedIn, and what purpose does it serve? And why should we use it?

The same question has been asked about Facebook. But I’ve worked out the answer to that one. Facebook is how you wish someone a happy…

BUY or SELL? Will an election move the market?

Aug 31 2017

Traditionally the period immediately prior to a general election has seen activity in the market stall. That’s not confined to the real estate market. Activity in most commercial markets slows dramatically. Even in the time we were in the food industry, sales more than halved in the weeks leading…

The Expedio refurbishment process

Aug 31 2017

As we purchase older buildings (and that can include as young as 10 years old) and as tenants move on,we embark on a refurbishment process. This not just about making the property more attractive to lease. It's much easier to undertake basic renovations, such as paint and carpet, when the building…