Archive | Property management

Colliers signs up 9 management contracts & a sale

Colliers International’s real estate management team has secured a 3-year contract to manage the Kimiko Trust properties at 139 Remuera Rd, Remuera, and 316 & 318 Ti Rakau Drive, East Tamaki.

The agency said this contract was for full property, facilities & financial management and followed 2 months in which 8 other contracts were signed.

The agency also reports the sale of 2 office & showroom units in Morningside.

Other properties added to the Colliers management portfolio:

CBD:

203 Queen St
Ricoh House, 200 Victoria St

Isthmus east:

Newmarket, 5 St Marks Rd
St Heliers, 5 shops on St Heliers Bay Rd

Isthmus west:

Eden Terrace, 96 New North Rd

North-east:

Birkenhead, 16 shops on Mokoia Rd
Takapuna, 1-7 The Strand

North-west:

Henderson, Courthouse

Sales

Isthmus west

Morningside

7B & 7C Taylors Rd:
Features: combined 560m² of offices & showroom, 10 parking spaces
Outcome: sold vacant for $1.4 million
Agent: Jonathan Lynch

Attribution: Agency release.

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Southern Lakes property managers top awards again

Queenstown & Wanaka property management agency Housemart has taken out the best agency title for the second year running in the annual industry awards run by the Real Estate Institute.

Housemart Queenstown & Wanaka team (left to right): Colleen Topping, Andrea Bono, Hayley Stevenson, Liz Jeffrey, Katrina Roberts & Brigit Russell.

Housemart Queenstown & Wanaka team (left to right): Colleen Topping, Andrea Bono, Hayley Stevenson, Liz Jeffrey, Katrina Roberts & Brigit Russell.

The agency secured a clean sweep in all categories it & its staff entered, and runner-up places in 2 categories after only 3 years in business.

Director Hayley Stevenson commented after winning the national title: “To say we’re delighted would be an understatement. Back-to-back category wins has never been done before, so it’s a remarkable achievement.

“We were up against some of the big corporate agencies from around the country, so it’s almost unbelievable that a small company such as Housemart can not only be in the same league but take out the top awards.”

Colleen Topping (Housemart Wanaka) was named residential property manager of the year and colleague Katrina Roberts, from the Queenstown office, was runner-up. Andrea Bono (Wanaka) was named residential property management support staff person of the year and Liz Jeffrey runner-up.

Housemart launched in Wanaka in 2010 and the Queenstown branch opening later that year. The company is highly systemised and offers a premium customer experience, with rental property portfolios exclusive to Wanaka and Queenstown.

Last year Housemart won 3 awards and also came runner-up in one category.

Attribution: Company release.

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Colliers wins Downtown management contract

Published 2 November 2012

Precinct Properties NZ Ltd (the former AMP NZ Office Ltd) has awarded the property management contract for the Downtown Shopping Centre to Colliers International.

Precinct bought the centre from the Westfield Retail Trust and Westfield Group in September for $90 million. Settlement is scheduled for this month. Colliers’ corporate & institutional sales team handled the transaction on behalf of Westfield.

The 15,230m² centre runs along Customs St West from the bottom of Queen St to Lower Albert St. It has 70 retailers.

Colliers’ 50-strong retail real estate management division is the largest independent retail property manager in New Zealand, managing over 400,000m² & $1.2 billion of shopping centres.

Colliers was also recently awarded the property management contract for the Shore City mall, sold to Aviva Investors Asia Pacific Property Fund for $83.5 million through Colliers’ corporate & institutional sales team on behalf of Westfield in June.

Earlier story:

24 September 2012: AMP Office pays premium to Westfield Downtown centre value but sees big “optionality”

30 June 2012: Westfield sells Shore City to Aviva fund

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Attribution: Agency release, story written by Bob Dey for the Bob Dey Property Report.

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Prime Retail to acquire Oyster management business

Published 22 September 2010

Prime Retail Management Ltd reached agreement on Monday to acquire the Oyster Group’s management business (Oyster Management Ltd) for an undisclosed price, and for the companies to partner in future syndication activities.

Prime Retail Management manages a comprehensive portfolio of specialist retail properties throughout New Zealand, including the Dress-Smart outlet chain.

The Oyster Group specialises in syndicating & managing quality properties for investors and has a portfolio of properties around the North Island, ranging from commercial office buildings through to industrial & retail property.

Hamilton-based Mark Winter & Heather Coyne established the Oyster Group in 2004 will remain directors of both Oyster Management Ltd & Oyster Property Group Ltd. Mr Winter said: “We currently have over 600 investor clients, many of whom invest in multiple properties. The Oyster portfolio is currently valued at over $250 million, with gross rentals exceeding $25 million/year.”

Prime Retail Management chief executive Mark Schiele said both organisations brought complementary skills to the mix that would significantly benefit all clients – Prime in property management, Oyster in syndication.

Prime is owned by 5 Aucklanders with long experience in property – John Bougen, Graeme Edwards, Gary Gwynne, Nigel Powell & Mr Schiele.

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Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.

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Spotless wins Housing NZ maintenance contract

Published 1 June 2010

Housing NZ Corp has appointed Spotless Group Ltd to preferred supplier status for the building maintenance contracts on 12,000 residential properties in Auckland.

 

The properties are in Glenn Innes, Mangere, Mangere East, Manurewa, Panmure & Otahuhu.

 

Spotless Group managing director & chief executive Josef Farnik said yesterday this contract would enable the company to lift its New Zealand commitment. It manages nearly 80,000 housing properties in Australia & New Zealand, recently listed on the NZX and won another large contract with the Corrections Department 4 weeks ago.

 

The Housing NZ contract is due to start on Thursday 1 July and will run for 2 years, with an option to extend for a further 2 years, subject to performance.

 

Earlier story:

7 May 2010: Spotless wins Corrections facilities management contract

 

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Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.

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Spotless wins Corrections facilities management contract

Published 7 May 2010

The Corrections Department has awarded a 5-year facilities management contract to Spotless Group Ltd, covering 20 prisons & 125 community probation & psychological services sites. Spotless will employ more than 100 people servicing the 145 locations nationally under the contract, which begins on 1 July. The company will be responsible for delivering about 15 services, including skilled trades, asset maintenance, cleaning & painting services.  Spotless Group managing director & chief executive Josef Farnik said the company had long-term growth aspirations in New Zealand by leveraging its breadth of service offering and depth of market sector knowledge. The ASX- & NZX-listed group is one of the 10 largest employers in New Zealand, with 12,000 staff providing services across food, cleaning, painting, commercial laundries, facilities management & asset maintenance.

 

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Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.

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Colliers wins contract to manage Vodafone property requirements

Published 23 April 2010

Colliers International has won a 3-year contract, with a 3-year right of renewal, to manage all of Vodafone NZ Ltd’s property requirements.

 

Colliers’ occupier services business won the contract through a competitive international tender. It involves the management of over 1500 offices, network sites, cell sites & retail outlets.

 

The contract is part of a larger win for Colliers around the world, which will also see the company handle all of Vodafone’s real estate in a number of other countries, including the UK, where the group’s global office is based.

 

Colliers Occupier Services director Don Smith said a key element of the New Zealand contract was responsibility for Vodafone’s lease & administration management, which involved co-ordinating communication with landlords, managing lease obligations such as rent reviews & renewals, and administration of all lease payments & rent collections.

 

Colliers set up the occupier services business last October. Its first major contract was to manage Inland Revenue’s national lease portfolio, spread over 22 sites.

 

Mr Smith said: “A number of corporate clients are seeing the value of the synergy between our lease management services & local brokerage teams in our 14 offices around New Zealand. Our brokerage team has concluded many leases for Vodafone over the last 10 years. Taking advantage of the current market conditions, we have just restructured 3 key leases for them, resulting in multi-million dollar savings.

 

Main operations are set to start on Saturday 1 May, after a transition period that began on 1 April.

 

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Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.

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Pulse makes big start to installation target

Published 24 June 2008

Pulse Utilities NZ Ltd has secured arrangements with a number of multi-tenant property developers & managers to install Pulse technology on their apartment blocks & residential subdivisions.

 

Executive chairman Don Purdon said Pulse would start installations immediately on 2 apartment buildings with 500 tenants and stage one of a residential subdivision with the first 100 homes.

 

Mr Purdon said these property groups collectively managed more homes than its 5-year target of 61,000 installations. He said the deals meant the company could meet its target earlier & more cheaply.

 

These customers will be offered an expanded service including electricity, and in some cases gas & water metering services. Pulse will offer the new gas & water metering services off its existing technology platform.

 

“The Pulse service will remove the difficult billing process from some of the multi-tenanted property managers, who currently have to manage the often contentious process of dividing one utility bill between tenants, and then billing & collecting payment. All customers are likely to receive cheaper electricity, with water & gas being passed through at cost.”

 

Mr Purdon said the board thought debt-financing had become more likely, particularly to fund meter asset acquisition & installation, and Pulse had started discussions for debt funding in addition to equity. Pulse said recently it had a conditional commitment from a lines company for $2 million and it had since secured another $500,000 from a private investment fund. Both are conditional on gaining a further $2 million in funding.

 

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Attribution: Company release, story written by Bob Dey for this website.

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Seminars to help new landlords organised

Published 27 March 2007


The Department of Building & Housing has organised a series of education seminars to help new landlords get to grips with running their rental property effectively.            


The free seminars are designed for landlords who have little or no experience in the New Zealand rental market. Places are limited and so the department wants people planning to attend to register phone 0800 TENANCY (0800 83 62 62) or email [email protected].


The seminars are being run in conjunction with ANZ & Westpac banks and the Property Investors’ Federation.


Seminars around the Auckland region:

Albany, Tuesday 17 April at 7-9pm, Massey University gate 1, Sir Neil Waters Lecture Theatre Building
Auckland cbd, Tuesday 22 May at 12-2pm & 7-9pm, AXA Building, 41 Shortland St
Henderson, Tuesday 12 June at 7-9pm, Kelston Community Centre, Glendene
Manukau, Tuesday 29 May at 7-9pm, Manukau Institute of Technology, Otara Rd
Pukekohe, Tuesday 3 April, 7-9pm, Fields Function Centre, corner Franklin Rd & Stadium Drive

Website: Department of Building & Housing


 


Want to comment? Click on The new BD Central Forum or email [email protected].


 


Attribution: Department release, story written by Bob Dey for this website.

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Prime Property Management sells to Livingstones Wellington

Published 17 October 2006


Prime Property Management Ltd has sold its business to Livingstones Wellington Ltd. Co-owner Alison Pharaoh & her staff will join the Livingstones team while David Tuck will carry on business on his own account.



Prime staff have moved into the Livingstones premises, merging 2 of the most experienced teams in Wellington commercial property management.


Livingstones Wellington general manager Crispin Mylne said today: “We are the largest independent property company dedicated to property management services in Wellington and know the Wellington commercial market exceptionally well.


“For the Prime clients it will be business as usual, but they will now be supported by a large pool of talent in all areas of property.”


Linvingstones has a diverse client base and manages all types of property, from small retail units to highrise office buildings, industrial properties, shopping centres & body corporates.


Livingstones was founded in Christchurch in 1919 but expanded to Wellington only in 2004, when it acquired Cranmer Property Resources Ltd. Cranmer principal Barry Smith has continued as an executive director of Livingstones Wellington.


The Wellington company’s core business is property management, not agency with property management clipped on the side, although in Christchurch it operates in commercial real estate & valuation.


Under the new setup, Mr Mylne is general manager, Mr Smith executive director, Anna Smith regional retail manager and Ms Pharaoh business development manager.


Want to comment? Click on The new BD Central Forum or email [email protected].


 


Attribution: Company release, story written by Bob Dey for this website.

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