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					<title>nzherald.co.nz - Commercial Property</title>
					<link>http://www.nzherald.co.nz/</link>
					<description>Latest Commercial Property headlines from nzherald.co.nz</description>
					<language>en-nz</language>
					<copyright>Copyright 2010 APN HOLDINGS NZ</copyright>
					<lastBuildDate>Wed, 17 Mar 2010 12:00:07 +1200</lastBuildDate>
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					<managingEditor>webnews@nzherald.co.nz</managingEditor>
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						<title>New Zealand Herald  - Commercial Property</title>
						<url>http://www.nzherald.co.nz/images/nz_little_logo.gif</url>
						<link>http://www.nzherald.co.nz/commercial-property/news/headlines.cfm?c_id=28</link>
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						<title>Healthy profit puts trust ahead of pack</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10632439&amp;ref=rss</link>
						<description>ING Medical Properties Trust is the country&apos;s &quot;standout&quot; listed real estate vehicle, according to two analysts.Jeremy Simpson and Matthew Leach of Forsyth Barr praised the trust for the quality of its investment and good result...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Wed, 17 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/AscotHospital_70x70.jpg?media_subtype_id=16|caption=ING Medical Properties Trust&apos;s portfolio, including the Ascot Hospital in Greenlane, contributed to a $6.7 million after tax profit. Photo / Supplied" length="2000" type="image/jpeg" />
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						<title>Citigroup buys into NY housing scheme</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10632438&amp;ref=rss</link>
						<description>Citigroup will provide US$576 million ($818 million) in loans and cash to help New York City build or renovate more than 20,000 low-income housing units during the next four years, its chief of community development banking said.The...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Wed, 17 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/Manhattan_70x70.jpg?media_subtype_id=16|caption=Citigroup funds will benefit a 20,000-unit housing scheme in New York City. Photo / Richard Robinson" length="2000" type="image/jpeg" />
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						<title>House prices have room to fall further, says expert</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10632436&amp;ref=rss</link>
						<description>House prices in the world&apos;s major economies, which last year were down an average of 5 per cent from 2007, may keep dropping, said Prakash Loungani, an adviser to the International Monetary Fund&apos;s research department.&quot;The corrections...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Wed, 17 Mar 2010 04:00:00 +1200</pubDate>
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						<title>Sylvia Park&apos;s plan for future revealed</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631910&amp;ref=rss</link>
						<description>New Zealand&apos;s biggest shopping mall is planning a major expansion, including multi-storey apartments and office blocks to create a &quot;mini CBD&quot;.Sylvia Park management has applied for permission for taller buildings and more intensive...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Sun, 14 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/SylviaPark_70x7066639.jpg?media_subtype_id=16|caption=Sylvia Park has big plans. Photo / Doug Sherring" length="2000" type="image/jpeg" />
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						<title>Property problems: Agents must not misrepresent properties</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631635&amp;ref=rss</link>
						<description>Each week national law firm Simpson Grierson answers commercial property questions which can be emailed and headed &quot;property problems&quot;. This week&apos;s question is answered by senior associate Daniel Kelleher and solicitor Kim Wight who...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Sat, 13 Mar 2010 04:00:00 +1200</pubDate>
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						<title>Tenders for a bite of industrial complex</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631632&amp;ref=rss</link>
						<description>Tenders are being called for one of Hawkes Bay&apos;s biggest industrial complexes, housing well-known names in the food processing and production sector and situated at the hub of the Tomoana industrial precinct in Hastings.The property,...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Sat, 13 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/tomoana_70x70.jpg?media_subtype_id=16|caption=The 11.6ha industrial complex (red bordered) up for 
tender in five lots is in the Tomoana Rd industrial precinct in Hastings. Photo / Supplied" length="2000" type="image/jpeg" />
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						<title>Lab structure suits food or drug firms</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631628&amp;ref=rss</link>
						<description>Medical research company Virionyx has consolidated its operation into smaller premises, leaving its licensed and purpose-built medical manufacturing site close to Auckland&apos;s international airport for a new occupier with close to $1...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Sat, 13 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/mahunga_70x70.jpg?media_subtype_id=16|caption=The interior (left) of the building at 49 Mahunga Drive, Manukau contains a $1 million lab fit-out. Photo / Supplied" length="2000" type="image/jpeg" />
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						<title>Corner building attracts plenty of attention</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631620&amp;ref=rss</link>
						<description>Situated on a high-profile corner, a 1731sq m office building at 621 Great South Rd, Manukau, is being offered for sale with lengthy leases in place to a mix of long-established tenants.The building is listed in Bayleys&apos; latest...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Sat, 13 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/manukau_70x7056903.jpg?media_subtype_id=16|caption=Existing tenants are keen to stay on in this handy location. Photo / Supplied" length="2000" type="image/jpeg" />
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						<title>Celebrated fire station selling as hot property</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631618&amp;ref=rss</link>
						<description>The historic and well-known former Ponsonby Fire Station at 1 Williamson Ave, Ponsonby, which has had a number of commercial and residential uses over the years - including originally housing the area&apos;s local fire station and council...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Sat, 13 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/williamson_70x7088716.jpg?media_subtype_id=16|caption=Williamson Cafe&apos;s bar area. Photo / Supplied" length="2000" type="image/jpeg" />
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						<title>Sale of the century for historic hotel</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631616&amp;ref=rss</link>
						<description>Formerly known as the Devereux boutique hotel, a century-old historic building and 20 self-contained studio units on the same site at 267 Remuera Rd are being marketed for tender either separately or as one complete package.Built...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Sat, 13 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/rem_70x70.jpg?media_subtype_id=16|caption=The historic boutique Devereux Hotel at 267 Remuera Rd was built in the 1890s. Photo / Supplied" length="2000" type="image/jpeg" />
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						<title>Around the block: Banking on Huapai</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631612&amp;ref=rss</link>
						<description>A 169sq m retail unit occupied by the National Bank and located off State Highway 16 between Kumeu and Huapai has sold for $710,000 at a 6.5 per cent yield through Richard White, Bayleys Auckland. The bank has a three-year lease from...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Sat, 13 Mar 2010 04:00:00 +1200</pubDate>
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						<title>Dust off your dollars for colonial gem</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631609&amp;ref=rss</link>
						<description>The character building housing the historic Queens Ferry Hotel, which claims to be Auckland&apos;s oldest pub, situated at 12 Vulcan Lane in the CBD, is being offered for sale by auction at the end of this month.The building is being...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Sat, 13 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/vulcan_70x70.jpg?media_subtype_id=16|caption=Vulcan Lane. Photo / Supplied" length="2000" type="image/jpeg" />
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						<title>Private buyers bag commercial assets</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631606&amp;ref=rss</link>
						<description>Leased-up commercial properties in good locations around Auckland are proving a magnet for private investors and syndicates in a &quot;still tough&quot; market, say directors at CB Richard Ellis, who are marketing four diverse properties in...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Sat, 13 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/parnell_70x7063833.jpg?media_subtype_id=16|caption=Architecturally designed offices within a high-stud former warehouse at 22 Garfield St, Parnell, return $108,000 a year. Photo / Supplied" length="2000" type="image/jpeg" />
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						<title>Period-piece restaurant to pay for fort</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10631440&amp;ref=rss</link>
						<description>A historic North Shore Army building with sweeping views over the Hauraki Gulf is to be opened as a restaurant.The Department of Conservation plans to lease a World War II era officers&apos; mess hall - which is empty apart from occasional...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Fri, 12 Mar 2010 04:00:00 +1200</pubDate>
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						<title>Questions hover over $160m ASB block</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10630966&amp;ref=rss</link>
						<description>The planned $160 million ASB headquarters should be a good deal for its developer and landlord but there are some concerns, an analyst says.Jason Lindsay, research analyst at Credit Suisse, said the $1.8 billion Kiwi Income Property...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Wed, 10 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/ASB_70x7039352.jpg?media_subtype_id=16|caption=The new headquarters will be the first major office building in the Wynyard Quarter precinct. Photo / Supplied" length="2000" type="image/jpeg" />
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						<title>Work starts on Bacchus leak problems</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10630964&amp;ref=rss</link>
						<description>Teak Construction is working on the leaky 51-unit Bacchus apartments and retail block on the North Shore.The luxury $6 million Browns Bay block, not far from the waterfront, suffered extensive problems after Multiplex Constructions...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Wed, 10 Mar 2010 04:00:00 +1200</pubDate>
						<enclosure url="http://media.apn.co.nz/webcontent/image/jpg/Bacchus_70x70.jpg?media_subtype_id=16|caption=Fixing Bacchus is costing millions. Photo / Paul Estcourt" length="2000" type="image/jpeg" />
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						<title>No more ground rent for owners</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10630963&amp;ref=rss</link>
						<description>Land at one of New Zealand&apos;s largest high-density housing estates has been converted from leasehold to freehold title.Beaumont Partners, directed by Auckland developer Nigel McKenna, has sold land at the 258-unit Beaumont Quarter...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Wed, 10 Mar 2010 04:00:00 +1200</pubDate>
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						<title>Plea to delay Dubai repayments</title>        
						<link>http://www.nzherald.co.nz/commercial-property/news/article.cfm?c_id=28&amp;objectid=10630961&amp;ref=rss</link>
						<description>DUBAI - Dubai World, the state-owned holding company in talks to renegotiate about US$26 billion ($37 billion) of debt, will ask banks for permission to delay loan repayments when it presents a plan to creditors this month, said three...</description>
						<author>newsfeeds@nzherald.co.nz</author>
						<pubDate>Wed, 10 Mar 2010 04:00:00 +1200</pubDate>
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