Trends in the Auckland Commercial property market in the first half of 2016
Sep 13, 2016
- Syndicators and Private Investors are the biggest buyers in the commercial property market > $5M
- Institutions including listed companies are net sellers (>$200M) of commercial property
- 72% of the sales > $5M were in Auckland
- 7 transactions > $50M
- Largest transaction - sale of Building A, 4 Graham St, Auckland to Augusta for $116M (sale by Bayleys)
- Top 3 largest commercial sales were all to syndicators.
- Syndicators are significant buyers having bought $367M of property, especially at the top end of the market. This represents one sixth of the of sales > $5M by value
Previous Market Commetary: What is the implication of the release of the new zonings in the Proposed Auckland Unitary Plan?