Latest Sales And Leasing

Published 20 June 2012

Recent sales by Colliers International include 3 large retail properties. Leasing transactions below are a mix of industrial & office leases, mostly on the Auckland isthmus.
Sales

The Stamford Residences, 26 Albert St, level 20, apartment 2007:

Features: 160m², 2-bedrooms, 2 parking spaces, sold by Goldenlines Investments Ltd

Rent:

Outcome: sold for $1.2 million

Penrose, 525 Great South Rd, unit 3A:

Features: 1200m² of industrial space, sold by Winward Properties Ltd to Cornwell Properties Ltd

Outcome: sold for $ 1.2 million on a vacant possession basis

Avondale, 513 Rosebank Rd:

Features: 554m² of industrial space, sold by Chetan Chitta Pushpen Chhita and BSA Trustee Co Ltd to Brendon Hooker & Michael Armour

Outcome: sold for $930,000 on a vacant possession basis

Hastings, The Plaza, corner Avenue Rd & Russell St:

Features: 20,900m² retail centre sold by MAB Funds Ltd

Outcome: sold for $18.5 million

Te Awamutu, Countdown, 181 Sloane St:

Features: 12,270m² of retail space, sold by Progressive Enterprises Ltd to a local private investor

Outcome: sold for $19.4 million

Invercargill, The Warehouse, 70-90 Leven St:

Features: 8193m² of retail space was sold by The Warehouse Ltd to Pascoe Properties Ltd

Outcome: sold for $10.8 million at a 9.2% yield

AMP Centre, 29 Customs St West, level 3B:

Features: 450m², leased by AM NZ Office Ltd to Juken NZ Ltd

191 Queen St, AXA Centre, level 15:

Features: 265m², leased to Sojitz NZ

Rent:

Outcome:

Mt Wellington, 10 Arthur Brown Place, unit B:

Features: 2859m² of industrial space, leased by Scottfin Ltd to Reid & Twiname Ltd

Rent: $250,000

Mt Wellington, 25 Carbine Rd, level 1:

Features: 943m² of industrial space, leased by Tru Test Ltd to Coca Cola Amatil (NZ) Ltd

Rent: $212,175

Newmarket, 103 Carlton Gore Rd, level 4:

Features: 977m² full floor, leased to Unilever

Otahuhu, Savill Link, corner Savill Drive & Favona Rd:

Features: 11,345m² of industrial space, leased by Goodman Nominee (NZ) Ltd to Mainstream NZ Ltd

Rent: $1,041,050/year ($92/m²) on a 12-year term

Parnell, 8 Clevedon Rd:

Features: ground floor, leased to Lanzatech

Penrose, 82 Leonard Rd:

Features: 4000m² of industrial space, leased by Goodman Nominee (NZ) Ltd to Jasol

Rent: $398,555

Penrose, 58 Walls Rd:

Features: 1078.2 m² of industrial space, leased by EDL Fastners Ltd to Vynco Industries Ltd

Rent: $742,752

Avondale, 409 Rosebank Rd:

Features: 1783m² of industrial space, leased by Siat Ltd to JMP Engineering Ltd

Rent: $138,000

Avondale, 410 Rosebank Rd:

Features: 2836.1m² of industrial space, leased by Honan Properties Partnership to City Care Ltd

Rent: $130,000/year

Mt Eden, 32 Altham Avenue:

Features: 420m² of warehouse/office space, leased by School of Business to ABC Compliance Centre Ltd

Rent: $45,000 year

Onehunga, 29 Alfred St, unit A:

Features: 8000m² of industrial space, leased by Alan Subritzky, Tompkins Wake Trustee Ltd to Steelpipe NZ Ltd

Rent: $205,000

East Tamaki, 73 Greenmount Drive:

Features: 1326 m² of industrial space, leased by Holyoake Industries Ltd to Food & Commodity Brokers 2008 Ltd

Rent: $145,000 on a four-year term

East Tamaki, 14 Parkwood Place:

Features: 2500m² of industrial space, leased by Southbourne Holdings Ltd to Interior Resources Ltd

Rent: $210,000

Manukau, 212 Cavendish Drive, unit C:

Features: 7712.3m² of industrial space, leased by Goodman Nominee (NZ) Ltd to Retko Logistics

Rent: $1,000,007

Bob Dey Report

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