COMMERCIAL REAL ESTATE GAINS MOMENTUM

 

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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