Commercial Market Update – Auckland Cityscope
admin | 13th November, 2015
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By Commercial Research
The latest research from Auckland Cityscope shows that property sales have increased over the past three months. In the three months to November 2015, there were 51 sales for a total of $321.5 million, as compared with 58 sales for a total of $219.1 million recorded for the three months to August 2015 and 41 sales for a total of $140.1 million recorded for the three months to May 2015.
This latest data brings the total sales for the 12 months to November 2015 to $1.298 billion, an increase from the $899.9 million in sales recorded to the same time last year.
The table below shows sales recorded for the past eight updates of Auckland Cityscope:
Recent standout sales in Auckland Cityscope include:
Fonterra Centre at 7-11 Princes Street, Auckland Central, a 12 storey office tower with a three storey atrium and three basement levels of car parking space, which sold for $45 million.
The New Zealand Herald premises at 46–58 Albert Street, Auckland Central, a complex of five office and warehouse buildings, with on-site parking for 165 cars and a building area of 21,540 sqm, which sold for $40 million.
Properties for sale in the November 2015 update of Auckland Cityscope include:
163-165 Beach Road, Auckland Central, a single storey building consisting of two warehouse/workshops with a small mezzanine office area and a gross floor area 1,040 sqm, available by deadline private treaty closing 4 December 2015, through Bayleys Auckland.
51-53 Albert Street, Auckland Central, a two and three storey building with retail space on the ground level and parking on the upper levels, available through Ray White Commercial.
The T & G Building and Elliot Stables at 15-31 Wellesley Street West, Auckland Central, a five and seven storey building with a building area of 6,290 sqm and the former Reslau House, at 37-39 Elliott Street, Auckland Central, a three storey brick building with a building area of 1,080 sqm, available through CBRE Auckland.
Notable leasing opportunities in the November 2015 update of Auckland Cityscope include:
125Q and Queen's Rise at 125 Queen Street, Auckland Central, a 30 level building undergoing refurbishment in late 2015, which has office space of 15,000 sqm for lease through Colliers International and retail space of 655 sqm for lease through Bayleys Auckland.
101 Victoria Street West, Auckland Central, a two storey building with gross floor area of 100 sqm, for lease through Bayleys Auckland.
500-504 Queen Street, Auckland Central, a six storey building with ground floor retail, offices on the upper levels and 36 covered car spaces, which has office space of up to 2,600 sqm for lease through Barfoot & Thompson.
Cityscope covers 28 predominantly capital city CBD markets across Australia and New Zealand, providing a rich level of property level data including building attributes, tenancy detail, sales and ownership.For more information on Cityscope or any other CoreLogic RP Data products call 1300 734 318 or visit the website at www.corelogic.com.au/products/cityscope.
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Source: RPD
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