Around the block

New boss at CBRE NZ

CBRE has appointed highly experienced property professional Andrew Stringer to lead the firm’s New Zealand business. Stringer has more than 20 years senior level commercial real estate experience, including executive roles with Kiwi Income Property Trust ( now Kiwi Property Group) and Precinct Properties.

Three gas stations sold

Three Caltex service station and associated Fix stores have been sold to separate purchasers for a total of $ 12,775,000 by Alan Haydock and Damien Bullick, of Bayleys Auckland. They were at 913 Dominion Rd, Mt Roskill, for $ 4,175,000 at a 4.62 per cent yield; at 682 Gt South Rd, Penrose sold for $ 3.9m, a 5 per cent yield and at St Lukes Rd/ Sandringham Rd, for $ 4.7m, at a 4.49 per cent yield.

Paraparaumu Beach

An 880sqm commercial office and retail on 1844sq mof land at

345- 347 Kapiti Rd, Paraparaumu Beach, has sold by tender for $ 2,013,000, representing a yield of

7.47 per cent, in a deal brokered by Dean Anderson of Colliers International.

CBRE auction

A 660sq mindustrial property at 12 Stock Street, New Lynn, marketed by Michael Bray and Deborah Dowling of CBRE, sold at auction for $ 970,000. A 900sq mclear span office- warehouse, at 28c Andromeda Crescent, East Tamaki, sold at the same auction for $ 1.75m, marketed by CBRE’s Patrick Sammon and Lewis Watson.

East Tamaki centre

A 18,126sq mdistribution centre and office at 68- 80 Stonedon Dr, East Tamaki, has sold for $ 32,577,392, by Greg Goldfinch and Andrew Hooper of Colliers — a yield of 6.25 per cent.

Avenues commercial land

A home on 414sq msection zoned for commercial use and including four onsite car parks, at 194 15th Ave, Tauranga, has sold for $ 550,000 through Bayleys Tauranga salesperson Lloyd Davidson.