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.
A nationwide shortage of listings pushed New Zealand house prices up 6.2% in July, though Auckland remained virtually flat.
Auckland’s skyline could change as five architecture firms vie to design a Federal Street tower and hotel under tougher planning rules.
Asian firms already add more than GBP £3.8 billion a year to New Zealand construction, as a new forum seeks smoother collaboration.
Demand for new fringe and suburban offices has trimmed Auckland's vacancy rate to 6.0 per cent, with rents still climbing.
The Wiri acquisition marks Logos’ first New Zealand development as demand for industrial space rises on the back of e-commerce growth.
A new hybrid rent-to-buy model could give buyers price certainty and help unlock more homes as Australia’s rental market strains further.
Tight supply kept prices near record highs in June, even as winter trimmed nationwide sales volumes and lengthened selling times.
The deal expands Royal Wolf's New Zealand footprint to 16 locations and boosts its container fleet as demand for portable storage grows.
Poor records and vague lease terms are fuelling end-of-tenancy make good disputes, with one Auckland case reaching USD $10 million.
Tourism and local jobs are set to get a lift as Kaikoura rebuilds, with a NZD $30 million hotel approved after the quake.
Only 40% of Titanium Park’s Western Precinct remains available after nine sites were sold or contracted, as demand from firms keeps rising.
A US$45 billion city is meant to relieve Cairo's overcrowding, but critics fear the fast-tracked project could become a ghost town.
Offshore demand is lifting Auckland CBD prices, with three major commercial deals to overseas buyers completed in a month.
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.
