Where we talk about Commercail Real Estate
September 2, 2011 Leave a Comment
Finally someone has listened to the people of Christchurch and has driven around the Red Zone with a camera on his latter. One must ask why CERA are unable, or unwilling to do this but if you come from overseas you are given an escorted tour.
August 22, 2011 Leave a Comment
A new gauge of the commercial property market shows the sector is softening, earning an across-the-board annual return of 5.9 per cent.
The Property Council of New Zealand/IPD commercial property index has been launched to give investors a measure of performance across the office, retail and industrial property sectors.
It takes data from 14 participants, representing 21 funds or portfolios with a combined asset value of $9.6 billion.
Overall, commercial property returned 5.9 per cent. For the year to June, the return on income was 8.5 per cent and the loss in capital growth 2.4 per cent.
The council said the result was slightly lower compared with the previous quarter (6.1 per cent) and well down against a long-run return rate of 10 per cent.
“The latest results suggest that the commercial property market displays a lack of strength,” said Anthony De Francesco, of IPD Australia and New Zealand.
Source: Businessday.co.nz
August 22, 2011 Leave a Comment
Four units in the Workstation55 business park in the Christchurch suburb of Addington are going to auction next month.
The park was developed by Auckland’s Latitude Group, which still owns most of the complex but has sold off some individual titles.
Read the full article > http://www.stuff.co.nz/the-press/business/your-property/5345879/Business-park-units-up-for-grabs
August 18, 2011 Leave a Comment
Auckland based Whillans Real Estate has just joined the Findspace Website. Whillans is a Ray White Commercial agency and we welcome them onboard.
You can view Whillan’s website HERE!
August 18, 2011 Leave a Comment
Lane Neave Lawyers look at two particular issues arising for Christchurch business owners affected by the recent earthquakes to the extent of cover available under their business interruption insurance policies.
The first is the extent to which insurers are entitled to make deductions from the claim on the basis that the losses suffered are caused by depopulation, and so are not insured.
The second issue is whether cover may be restricted to the cover under a policy extension (such as an extension for acts of civil authorities or prevention of access).
Source: Lane Neave Lawyers
August 3, 2011 Leave a Comment
We have just added a new plan to Findspace specifically for those with Parking Space available.
You can now promote your parking space online for only $3.50 a month.
Added to this our GroupMaps you can then graphically see where the best parking spots are in relation to where you work.
July 28, 2011 Leave a Comment
Two female real estate agents came to blows over the sale of an apartment in a fight that left both with minor injuries – and a fine.
The catfight erupted in front of onlookers at an inner-Auckland apartment that both agents – Hulan (Wendy) Feng of City Sales and Soon (Fiona) Lee of LJ Hooker Ponsonby – had been trying to sell.
One industry insider said he wasn’t surprised two female agents were involved but another said the behaviour was ridiculous.
A Real Estate Agents Disciplinary Tribunal found both agents guilty of disgraceful conduct and fined them $600 each.
It described what unfolded: “Ms Lee was at 76 Albert St showing a potential buyer around apartment 20F. Ms Feng arrived at the property and words were exchanged to the effect that Ms Feng considered the apartment to have been sold and that Ms Lee should therefore not be showing it.
“A physical confrontation between the defendants ensued. Each of the defendants alleged she was assaulted by the other but it is not necessary for the tribunal to make any findings about that because both defendants through counsel admitted they were engaged as alleged in a physical fight.”
NZ Real Estate News
Bob Jones doubts if Christchurch will be rebuilt!
September 28, 2011 Leave a Comment
It is time to face the reality that the Christchurch central business district (CBD) cannot be rebuilt.
Cities have many components, such as libraries, art galleries, council offices, theatres, halls and other public facilities. These comprise the indulgent element, paid for from the public purse. But they cannot exist in isolation and alone constitute a city. Rather, they emanate from the steady organic growth of a city’s commercial activities in the form of shops and offices.
Prior to the earthquakes, Christchurch’s CBD retail heart was already in trouble, with empty shops abounding, while those remaining lived off the office workers, now gone. This was a direct consequence of the construction of large suburban shopping centres, which killed off the CBD as a retail location, just as has occurred in many other cities throughout the Western World. Examples in New Zealand include Lower Hutt and now, increasingly, Hamilton.
Read the full article at: http://www.stuff.co.nz/business/rebuilding-christchurch/5696381/Bob-Jones-says-ChCh-CBD-cannot-be-rebuilt
Filed under Industry Commentary Tagged with Bob Jones, Christchurch Rebuild