Around the block

Dibble at Colliers

Chris Dibble has returned to Colliers International as director of research and communications. Previously Colliers’ director of research and also previously Bayleys’ content marketing manager, Dibble will now provide a strategic approach to further grow of both communications and research outputs, says CEO Mark Synnott.

Albany industrial

A 1458sq m industrial building on a 2457sq m corner site at 9 Tawa Dr, Albany, sold at auction for $5.38m at a 4.55 per cent yield through Matt Mimmack, Laurie Burt, Bayleys North Shore Commercial. Multinational tenant Xylem Water Solutions, in occupation since the building was constructed in 1994, has renewed for four years from April 1, 2018.

Glen Eden retail

Unit 6, 5 Oates Road, Glen Eden, a 175sq m modern retail property in a corner position in a Town Centre zone, sold after auction for $1.36m at a 5.15 per cent yield through Tony Chaudhary, Janak Darji, Katie Wu, Bayleys South Auckland. TAB has been in occupation for over 10 years with a current six–year lease from October 2018.

Levin commercial

A 1400sq m commercial building on 999sq m of land at 213 Oxford St, Levin, in main road retail precinct, sold at auction for $1,634,000 at an 8.05 per cent yield through Stephen Lange, James Higgie, Bayleys Wellington. Two street front retail premises are occupied by BNZ, on 10-year lease until September 2021, and Postie Plus on three-year lease until March 2020, with small monthly tenancy at rear.

Mt Eden warehouse, offices

A 504sq m light industrial warehouse and office space at 36 Rossmay Tce, Mt Eden has sold at auction for $2.14m, with vacant possession. The deal was brokered by Jonathan Lynch and Hamish Paterson of Colliers International, Investment Sales.

Dominion Rd building

A 568sq m investment property with a 133sq m solid brick and tile building and 4 onsite carparks at 176 Dominion Rd, Mt Eden, has sold post-auction to a private investor for $1,443,000 net. The deal was brokered by Jonathan Lynch, Gawan Bakshi and Ned Gow of Colliers International.

Rangiora complex

A 605sq m retail complex on a 1194sq m site with off-street parking on the corner of High St and Durham St in Rangiora, North Canterbury, sold at auction for $1.99m at a 6.15 per cent yield through Stewart and Alex White and Chris Frank, Bayleys Canterbury.