Placemakers' headquarters has been put up for sale. The $7.4 million property has been used by Placemakers as a main office site for the last 40 years.
This year is set to be a huge year for the retail property sector in New Zealand, with developments underway and new players entering the game. We talk to Bayleys director of commercial, retail and operations Lloyd Budd about which areas will be the most in demand for retail property - and the answer is not the one you'd expect.
As a result of more Auckland residents moving south to Hamilton and Tauranga, house prices are increasing and with that comes the need for shops. Bayleys says in its latest Marketbeat report that the flow-on demand for commercial properties, including retail, will become more evident in 2016.
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As part of our series that explores the retail industry's smartest moves of the past year, Bayleys senior retail consultant Ed Donald our Q&A on the highs and lows of retail in 2015, and shares some thoughts for 2016.