Bayleys agents have sold 3 development properties in Paraparaumu – a total of 12 sites – plus 3 other industrial properties & an office building in the lower North Island.
Both industrial properties auctioned at Barfoot & Thompson today, one in Mt Wellington and the other in Onehunga, sold under the hammer.
An industrial unit at Silverdale and a refurbished brick & tile unit in Onehunga were sold at Bayleys auctions around Auckland this week.
Barfoot & Thompson sold 5 of the 6 apartments auctioned today, and 2 prior.
An industrial property in Penrose was passed in and industrial premises in St Johns were sold prior.
CBRE research shows industrial property opportunities tightening around Auckland, but office vacancy rising sharply in both north & south in the first half of the year.
A Penrose property, on Olive Rd, is among 4 isthmus industrial properties sold by Bayleys agents this month.