The commercial real estate market picked up considerably in the second half of 2010 according to CB Richard Ellis’ Investment Transaction Monitor. Auckland’s sales increase was significant totaling more than $860 million as opposed to its $661 million for the first half of 2010. Wellington also recorded an increase in the second half of the year totaling $133 million up from $83 million in the first half of the year. The biggest deal recorded was that of Auckland’s 30,000 square meter Lynn Mall Shopping centre, which sold for $174 million. For further updates and information on Lynn Mall development see Whats On Report listing J129912. Need leads on building projects? Contact Us for more information.

Source: The Dominion Post, April 2011 (BL)


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