The latest research from Auckland Cityscope shows that property sales have increased over the past three months. In the three months to August 2016, there were 33 sales for a total of $235.9 million, as compared with 28 sales for a total of $107.6 million recorded for the three months to May 2016, and a decrease from the 38 sales at a total of $315.6 million recorded for the three months to February 2016.

The latest data bring the total sales for the 12 months to $1.003 billion, a decrease from the $1.318 billion in sales recorded to the same time last year.

The table below shows sales recorded for the past eight updates of Auckland Cityscope:

Pulse - AKSalesGrid

 

Notable sales in August 2016 update of Auckland Cityscope include:

  • Finance Centre Carpark at 22 Durham Street West, Auckland Central, a five-level parking station with 450 car spaces, 25 Victoria Street West, Auckland Central, three integrated buildings and a retail arcade and 19 Victoria Street West, Auckland Central, a 16-storey building comprising a 5-level podium topped by an 11-storey tower, which was sold for $96 million;
  • AUT Tower at 2-14 Wakefield Street, Auckland Central, 17 storeys plus two basement floors of parking for 48 vehicles and a net lettable area of 13,949 sqm which was sold for $47.2 million; and
  • 8 Whitaker Place, Grafton, a former commercial building of 14 levels currently undergoing residential conversion, which was sold for $16.5 million.

Auckland Cityscope Quarterly Sales

Properties listed as for sale in the August 2016 of Auckland Cityscope include:

  • 10 Viaduct Harbour Avenue, Auckland Central, a six-storey building plus basement parking for 32 cars and a building area of 3,120 sqm and Christopher & Banks House, 12 Viaduct Harbour Avenue, Auckland Central, a six-storey building plus basement parking for 24 cars and a building area 2,613 sqm available together through Bayleys;
  • 46-58 Albert Street, Auckland Central, the former New Zealand Herald premises, a complex of five office and warehouse buildings, with on-site parking for 165 cars available through Bayleys; and
  • Queen Street Hotel & Suites, 401 Queen Street, Auckland Central, a nine-storey octagonal building plus two basement levels for 27 cars and a building area of 2,830 sqm available through Barfoot & Thompson.

Leasing opportunities in the August 2016 update of Auckland Cityscope include:

  • Pernod Ricard New Zealand House at 4 Viaduct Harbour Avenue, Auckland Central, a six-storey building with a clock tower and 70 basement car spaces, which has office space of up to 6,921 sqm available for lease through Bayleys and
  • 10 Turner Street, Auckland Central, a three-storey plus basement office building, which has up to 1,073 sqm available for lease through Barfoot & Thompson City Commercial, Harcourts Central Auckland and Wilson Hurst.

Commercial Research