Marketwatch

AUCKLAND 33 Broadway, Newmarket:

A 7,644sqm new commercial premises has been leased to anchor tenant Mercury. Construction begins in September.

Leased by Rob Bird and Paul Dyson of Colliers International.

17 Lambie Dr, Manukau

A 360 sqm office building has been sold for $1.36m by Matt Barnes, Jeremy Barnett & Peter Kermode of Colliers International.

274 Church St, Onehunga

A 1425sqm office/warehouse facility on a freehold 2007sqm site has been sold for $3.53m by Hamish West & Ben Herlihy of Colliers International.

The sale price represented a yield of 5.78 per cent.

WELLINGTON 23-25 Brunswick St, Lower Hutt:

A 1,246sqm industrial building on 2,330sqm site with two tenants sold for $2.38m at a 7.3 per cent yield.

VTNZ has occupied this site for 10 years.

The property was sold by Grant Young, Mark Hourigan, Bayleys Wellington.

NELSON 2/55 Collingwood St

The upper level of an architecturally-designed office building with two tenants has sold for $950,000.

It represents a 7.3 per cent yield, and the deal was completed by Doug McKee of Bayleys Nelson.

TIMARU

A commercial unit at The Landings, SH1, has been sold for $2.439m, representing a yield of 6.9 per cent.

Separately, four new retail units ranging in size from 86sqm to 199sqm were also sold at auction for a total of $3.267m, with yields ranging from 6 per cent to 6.6 per cent.

All sold by Courtney Doig, Paul Vining, Charlie Oscroft and Gareth Fraser of Colliers International.·

DUNEDIN 18 Stack St, Allanton

A freehold 996sqm industrial building has been sold for $1.7m by Dean Collins of Colliers International on behalf of Land Power Otago. The sale price represented a yield of 8.2 per cent.