Around the block
Tarrant joins Bayleys
Kane Tarrant has joined Bayleys Property Services as national head of facilities and risk management. Tarrant was Colliers International national facilities manager for five years and also senior facilities manager at CBRE. national facilities manager for five years and also senior facilities manager at CBRE.
Young to CBRE
Sebastian Young has been appointed as director of CBRE’s Occupier Services business line in Auckland. Recently returned from UK-based roles with CBRE and JLL, Young was also director at MJ Mapp, providing advisory services to property funds and developers.
Medical investment
A medical investment property at 126A Remuera Rd, Auckland, has sold for $3.2m, at a yield of 4.97 per cent. The 354sq m property is on a prime stretch of “Medical Mile”, between Newmarket and Remuera Village. The offmarket deal was brokered by Hamish Paterson, David Burley and Simon Child of Colliers.
Warehouse Hastings
A 6400sq m bulk retail building purpose built as The Warehouse Hastings in 2012 at 620 Karamu North Rd, has been sold for $19.76m at a 6.13 per cent yield by Bayleys agents Jim McKinlay and Mark Hourigan. There is a 15-year lease in place until March 2027.
Fyfe Kitchens HQ
Fyfe Kitchens’ base at 60 Allens Rd, East Tamaki, has sold for $4.75m, at a yield of 2.3 per cent. The deal was brokered by Colliers’ Paul Higgins and Joshua Franklin.
North Harbour investment
An industrial investment property with a recently renewed lease at 9A Parkhead Pl, North Harbour, has sold for $2.26m at a yield of 5.34 per cent. Matt Prentice and Ryan de Zwart of Colliers brokered the sale.
Commercial site
A 1126sq m Mixed-Use commercial site at 19 & 21 Taharoto Rd, Takapuna, has sold vacant for $3.95m, at a land price of $3508 per sq m through Eddie Zhong, Bayleys and Bruce Jiao, Barfoot & Thompson.
Onehunga Mall
A commercial property at 191 Onehunga Mall, has sold for $3.42m, a yield of 4.67 per cent on passing income. The offmarket sale by negotiation was brokered by Colliers’ Gawan Bakshi, Ned Gow and Adam White.
Onehunga industrial
Bayleys Auckland industrial agents James Valintine, James Hill and Sunil Bhana have sold two properties in Edinburgh St, Onehunga. A 1256sq m warehouse-office building, at 21-23 Edinburgh St, sold for $2.55m. A 361sq m 70s warehouse, at 15 Edinburgh St, sold for $1.02m.
Deco bank sells
A landmark 1038sq m art Art Deco building on a 794sq m CBD corner site at 100-106 Hastings St, Napier, has sold for $2.65m at a 6.94 per cent yield through Sam MacDonald, Bayleys Hawke’s Bay.