KiwiRail Looking for Tenants for Two Christchurch Buildings

KiwiRail is looking for long-term tenants for 2 of its prime Christchurch industrial sites.

One of them is the mammoth B Shed in Cass St (outlined in photo), which has 10,388m² of warehouse on a 1.9ha site. It’s the biggest warehouse within 1km of the cbd and was previously home to Westland Milk Products for 8 years before the milk company shifted to bigger premises at Izone Southern Business Hub.

Jonathan Lyttle & Ben Dwan, specialist industrial brokers at Colliers International in Christchurch, said the warehouse had 2 active rail sidings.

The second property, 9660m² on Ensors Rd, Opawa, is next to the main arterials north & south and was previously occupied by Leopard Coachlines. It has a 313m² southern office, a 198m² northern office & 135m² of ancillary storage & offices.

Colliers Knowkedge Centre Updates

Please find the latest articles from the Colliers Knowledge Centre below.
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http://www.colliers.co.nz/Knowledge-Centre/

Pump It Up
Significant property sales in the main centres, so far in 2009, have reached $1.16 billion, 22% ahead of 2008′s total of $942 million with a month to go. This is the total of retail, industrial, office and mixed commercial use sales over $2 million. Download the full report for more.
Click here to download the PDF (1.1 MB)

Riders on the Storm
As we ride out the economic storm, commercial landlords continue to struggle with declining values, pressure on rents and increasing incentives, but in a country which finds itself on the outer edges of the economic storm. Download the full report for more.
Click here to download the PDF (1.0 MB)

Both Sides of the Story
September monthly report includes our regular quarterly updates of the rental and capital indices. In general we are still seeing easing of rental and capital values, some declines slowing and others gathering pace. Sometimes evidence of rental changes in particular take time to show. Download our full report for more.
Click here to download the PDF (757 KB)

New Zealand CBD Office Market Indicators Report
Major research report discussing the latest market indicators including vacancy rates, rents, capital values, yields and transactions in New Zealand’s CBD Office market sector.
Click here to download the PDF (633 KB)

Queenstown Property Market Update
Queenstown’s property market has always been, and will likely continue to be, more cyclical than the majority to other New Zealand markets. The easy supply of credit during the last few years encouraged the last growth phase, with in excess of $200 million per annum of construction occurring in Queenstown over the last five years.
Click here to download the PDF (1.3 MB)

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Colliers Knowledge Centre Updates

Please find the latest articles from the Colliers Knowledge Centre below.
For more information and to see all the articles, please click below:
http://www.colliers.co.nz/Knowledge-Centre/

Riders on the Storm
As we ride out the economic storm, commercial landlords continue to struggle with declining values, pressure on rents and increasing incentives, but in a country which finds itself on the outer edges of the economic storm. Download the full report for more.
Click here to download the PDF (1.0 MB)

Both Sides of the Story
September monthly report includes our regular quarterly updates of the rental and capital indices. In general we are still seeing easing of rental and capital values, some declines slowing and others gathering pace. Sometimes evidence of rental changes in particular take time to show. Download our full report for more.
Click here to download the PDF (757 KB)

New Zealand CBD Office Market Indicators Report
Major research report discussing the latest market indicators including vacancy rates, rents, capital values, yields and transactions in New Zealand’s CBD Office market sector.
Click here to download the PDF (633 KB)

Queenstown Property Market Update
Queenstown’s property market has always been, and will likely continue to be, more cyclical than the majority to other New Zealand markets. The easy supply of credit during the last few years encouraged the last growth phase, with in excess of $200 million per annum of construction occurring in Queenstown over the last five years.
Click here to download the PDF (1.3 MB)

Things Can Only Get Better
After a few months of pretty bleak commentary it is refreshing to be able to record some positive signs. Firstly the decline in the industrial property market is slowing. Rents have declined and vacancy increased, but not dramatically.
Click here to download the PDF (787 KB)

Colliers October 09 Research Report

View the latest report from Colliers HERE.

Colliers Commercial Research Report

Read the latest comments from Colliers in relation to the Commercial Property Market.

Colliers Commercial Research Report

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