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Christcurch commercial property sales record rise

  • property
  • May 18, 2017
Christcurch commercial property sales record rise

Sales of commercial property in Christchurch’s CBD have risen by record levels as office sector workers return.

The return of white collar workers to the Christchurch CBD has resulted in record sales in the second half of last year.

CBRE’s first quarter 2017 Christchurch MarketView report reveals 41 percent of the $242 million in sales volume was within the office market with an increase in levels of transactions over $5 million.

This marks the highest level for Christchurch since post-earthquake, according to latest research published by the international real estate agency. 

Building completions in Christchurch are estimated to be a total of 241,000 square metres, including space taken up by incoming international retailers.

The increased focus on the CBD does come at the expense of the suburban office market according to the report, with more backfill vacancy expected to occur in 2017 due to relocations to the CBD.

On the development front, the report indicates there is sustained activity particularly in the west of the city, as industrial occupiers look to expand and capitalize on land availability, low interest rates and business growth.

Business growth can also be attributed to new stores opening up in the heart of Christchurch, such as Mecca Maxima and H&M.

The record growth is now expected to stabilise, as it balances out with other contributing factors. 

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Zara hints at upcoming New Zealand ecommerce store

  • News
  • February 16, 2018
  • Sarah Dunn
Zara hints at upcoming New Zealand ecommerce store

Spanish-owned fast fashion giant Zara sent waves through New Zealand retail when its first Kiwi store opened at Auckland's Sylvia Park shopping centre in October 2016. Now, it's about to introduce online shopping to its New Zealand offering.

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Kickstarting retailers' new year

  • News
  • February 15, 2018
  • The Register team
Kickstarting retailers' new year

Retailers had a tough year in 2017, and 2018 is shaping up to be just as full of change and excitement. At The Register's first event, held at Citta Design in Newmarket and sponsored by Latitude Financial, The Register editor Sarah Dunn and Retail X's Juanita Neville-Te Rito considered Amazon, the future of payments and other factors likely to shape the next 12 months.

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Electric dreams Ubco hits the road with new on-road electric bike

  • Technology
  • February 15, 2018
  • Elly Strang
Electric dreams Ubco hits the road with new on-road electric bike

New Zealand-made e-bike company Ubco has moved from off-roading bikes to dual purpose bikes, launching its new 2x2 model worldwide. The main difference? The bike can be used for both work and play and is certified to be used on-road, meaning anyone with a regular learner’s license can use one to get from A to B.

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