Bayleys agents have sold 11 commercial properties around the South Island, from Nelson to Queenstown but mostly around Christchurch. They include 2 development sites in Selwyn District Council’s Izone business park and one in the Northfield business park in Papanui (pictured above).
Bayleys agents in the South Island have sold 10 properties – 7 in Canterbury, the others in Blenheim & Nelson.
A Ponsonby petrol station has been sold on a 4.6% yield and a Morningside warehouse has been leased by Colliers agents.
A deed lifting reserve status on 40ha at the Riccarton racecourse in Christchurch was signed yesterday, allowing a $300 million 600-home development to proceed.
Building & Housing Minister Nick Smith said on Thursday a $300 million, 600-home development on 40ha of Riccarton racecourse land in Christchurch could proceed following passage of special legislation through its third reading.