Bulk discount retailer Costco Wholesale Corp announced onsite yesterday it would enter the New Zealand market with a 14,000m² business at Westgate in Auckland’s north-west.
Bayleys North Shore agents completed 2 industrial unit sales at Westgate in November, and signed 5 leases on Karangahape Rd (pictured), Takapuna, and 3 in Rosedale.
Auckland will get $300 million from the Government’s new Housing Infrastructure Fund, which will bring forward construction of 10,500 homes in north-western suburbs Whenuapai & Redhills.
A longstanding Mt Eden childcare centre was passed in with the yield at 4.66% at Colliers’ auction today, but the developer of a new local retail centre (pictured) at Westgate settled for 60 basis points over that.
5 commercial properties were sold at Colliers’ auction on Wednesday, and another shortly after.
Barfoot & Thompson had a quieter Wednesday in the auctionroom yesterday than it’s had for months, but still took 47 residential properties to auction and sold 19 of them (14 sales recorded below).