The latest research from Auckland Cityscope shows that property sales value have increased over the past three months.
In the three months to May 2020, there were 27 sales for a total of $539 million, as compared to the 21 sales for a total of $203.1 million recorded for the three months to February 2020. The latest data brings the total sales for the 12 months to $1.217 billion, a decrease from the $1.988 billion in sales recorded to the same time last year.
The table below shows sales recorded for the past eight updates of Auckland Cityscope:
Notable sales in May 2020 update of Auckland Cityscope include:
- A development at 136-142 Fanshawe Street, Auckland Central, which will be a 12-level building including 6 levels of offices above a 4-level retail and office podium and 2 levels of basement car parking currently being developed by Masons TCLM, which was acquired for $330 million by PAG Group, through CC Artemis Trust Pte. Ltd in a deal whereby Mansons Fanshawe will construct the building and negotiate leases with office and retail tenants for PAG Group;
- Canterbury Arcade at 170 Queen Street, Auckland Central, comprising of several buildings mostly integrated on the ground floor retail. It consists of a 9-storey building to 176 Queen Street, a 4-storey building at 166 Queen Street, a 7-storey and a 5-storey building to High Street built during the period 1906-1914 and refurbished in 1996 and 2011 with a gross floor area 7,540 sqm and net lettable area 5,890 sqm, which sold for $52 million; and
- The Data Centre at 220 Queen Street, Auckland Central, an 11-storey office curtain-glass-wall building with retail space on the ground floor, built between 1959 and 1962 and refurbished in 1992. The building with a net lettable area 5,653 sqm, was bought for $47.5 million in a deal brokered by Whillans Realty Group.
Properties listed as for sale in the May 2020 of Auckland Cityscope include:
- The Metropolis Museum at 116 Symonds, Grafton, formerly the First Church of Christ Scientist, a 2-storey brick building built in 1933. Refurbished and converted to office space in mid 2004 with a building area 580 sqm plus undercover parking for 11 cars to the rear of the property, which is for sale through Bayleys Auckland Central and Barfoot & Thompson Commercial;
- 15-17 Liverpool Street, Auckland Central, vacant land on a 619 sqm site, which is for sale through Bayleys Auckland Central;
- 21 Emily Place, Auckland Central, vacant land on a 349 sqm site, which is for sale through Barfoot & Thompson Commercial and
- Unit W at CTS House at 175-138 Queen Street, Auckland Central, a penthouse office floor of 228 sqm on fourteenth floor, which is for sale via auction scheduled on June 24 through Bayleys Auckland Central.
Leasing opportunities in the May 2020 update of Auckland Cityscope include:
- The Telco Building, comprises of an office building of 19 levels including two basement floors with 40 car spaces, completed in early 1989 at 16 Kingston Street and a separate 4-storey building to 60 Federal Street, completed in 1987, with on-site parking for 41 cars and a net lettable area 7,865 sqm, which has office space on levels 2, 3 and 5 for lease through Bayleys Auckland Central;
- 205 Queen, Auckland Central, which comprise of two office towers built over a 2-storey retail podium and two levels of basement parking for 212 cars, completed in 1990. To the north-east corner of the site, Tower One, with 17 office floors and to the south-west, the DLA Piper Tower (Tower Two), with 22 office floors. The property, with a net lettable office space 25,381 sqm, has office space ranging from 158 to 4,000 sqm for lease through Colliers International NZ; and
- Taylors College Building at 75 Karangahape Road, Auckland Central, of 9 levels including two basement parking levels for 32 spaces with shops to the street frontage, which has office space ranging from 250 to 920 sqm available through Colliers International NZ.