Auckland mayor Phil Goff & Transport Minister Phil Twyford said at the weekend Puhinui Station in South Auckland would be turned into a rail & bus interchange at a cost of $60 million, linking to the rapid transit line to the airport.
A half-hectare East Tamaki property sold in November 2016 for $560/m² has been resold at $820/m² – a 46% gain in 29 months for a site that’s advanced from bus depot to car sales yard.
NAI Harcourts had 8 registered buyers when it auctioned an Airport Oaks industrial site last week, and sold it after strong bidding.
Bayleys agents have sold 3 industrial properties in East Tamaki, Mt Wellington & Wiri, and secured a long-term lease to EBOS Group Ltd on a new warehouse developed by Auckland International Airport Ltd in its Landing business park.
Savills agents have leased an Ascot Rd warehouse in the Airport Oaks precinct of Mangere.
6 bidders turned out for Bayleys’ auction yesterday of a Rosedale retail unit, brought forward from the agency’s Total Property auction next Wednesday, and the property sold at a 4.22% yield.