Australian company Logos Property Pty Ltd has begun the earthworks for a $100 million purpose-built meat processing facility at its new Wiri Logistics Estate in South Auckland.
Investore Property Ltd has an unconditional agreement for the sale of its Countdown supermarket in South Dunedin, 10 months after a tender for it closed.
Bayleys agents have sold 3 Wiri industrial properties and an underdeveloped Lambie Drive property in central Manukau. They also handled the sale of the Hornby Countdown supermarket in Christchurch for Investore Property Ltd.
Investore Property Ltd said on Friday it had secured an unconditional agreement for the sale of its Countdown supermarket at 17 Chappie Place, Hornby, Christchurch, for $21.5 million at a 6.26% yield.
Australian retailer Woolworths Group Ltd, owner of the Countdown supermarket chain in New Zealand, made some big profit gains across the Tasman in the December half-year but stumbled on this side.
Investore Property Ltd has completed its $267.4 million acquisition of 14 Countdown supermarkets from the Shopping Centres Australasia Property NZ Retail Trust.