Photo: 123RF
The first Quarterly Vertical Vacancy Review by property services firm JLL indicated the vacancy rate in Auckland s central business district was 7.5 percent in the first three months of the year, with about half of those vacancies concentrated in four buildings.
It said the strong performance of large property developers, Kiwi Property Group and Precinct Properties, particularly in Auckland s Commercial Bay Precinct, had been diluted by substantial vacancies in the Shortland & Fort (formerly Lumley Centre) at 17 percent vacancy and ANZ Centre at 16 percent.
It said the drift from midtown properties, such as QBE Centre (26 percent vacancy) and SAP Tower (16 percent), were haemorrhaging with vacancies.
Auckland office buildings see rise in vacancies msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Precinct issues up $150m in green bonds nbr.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbr.co.nz Daily Mail and Mail on Sunday newspapers.
Market close: Fonterra emerges from trading halt with big dip
7 May, 2021 05:38 AM
4 minutes to read
Fonterra Shareholders Fund fell 30c or 6.52 per cent to $4.30. Photo / File
NZ Herald
By: Graham Skellern
A quiet New Zealand sharemarket caught the end-of-week Fridayitis and closed with a small loss on light trading – and a2 Milk took another dip. The S&P/NZX 50 Index was down 21.74 points or 0.17 per cent to 12,729.92, after trading in a narrow range with an intraday low of 12,699.67. There were 63 gainers and 68 decliners over the whole market of 186 stocks on volume of 36.41 million share transactions worth $124.39 million.
Matt Goodson, managing director of Salt Funds Management, said it was a fairly directionless day. There were some flows into (Smartshares) passive investment funds earlier in the week and now it s pretty quiet.