Why Engage A Commercial Property Manager?
Owning a commercial investment property can provide good ongoing returns and long-term capital gains, yet for many owners or potential owners, not having a clear understanding of the requirements of commercial property can be daunting. By engaging an expert to manage your property and tenants, investing in commercial property really can be a hands-off exercise, [...]
Rising Inflation, Higher Interest Rates & Opportunities For Buyers
The NZ consumer price index rose to 7.3 per cent in the June 2022 quarter, the main drivers being housing and household utilities with rising construction and higher rental costs pushing up prices. Other contributing factors include ongoing global supply chain disruptions and high transport costs, along with a sharp increase in operating costs for businesses in [...]
The Rise and Rise of Industrial Property Value
For some time now, industrial property has been the darling of the three commercial property sectors, with office and retail falling behind in preference. In the last decade, industrial yields have dropped from circa 7-9% down to 3.5-4.5%, with prime assets in the low 3% range. Industrial property value has risen, and industrial rental levels have [...]
Buying Commercial Property for Investment for the First Time
Investments bring profit over time. However, to be an owner of commercial property, you must understand the fundamentals of commercial property investment and stay abreast of legislation and regulations—which can often be complex. Below, Tony Kidd explores important aspects to consider when buying commercial property for investment for the first time. Read on to [...]
Helping Businesses Survive in Tough Times with Business Interruption Insurance
If your business suffered an unexpected disruption such as a fire, flood, or storm, or a major supplier closed because of one of these events, how long would it take to get your business up and running again? And how much would you lose along the way? Unexpected disasters often bring a sharper focus to [...]
First Penalty Under Overseas Investment Regime For Lease Transaction
The High Court has just imposed the first penalty on an overseas person for leasing land without Overseas Investment Office consent. Regulation of commercial leasing is an area of the overseas investment regime that receives considerably less attention than its freehold counterpart. However, the lease of sensitive land for more than 3 years will be captured [...]
Workplace Strategy – The ‘Success Differentiator’ for all property transactions
The best possible property outcomes are achieved through the development of a client specific Workplace Strategy. This is not lost on the team at Gaze Commercial who develop a ‘tailor-made’ strategic process to suit your property needs. This strategic oversight provides the best workplace and property outcomes and is certainly their critical differentiator. In essence, [...]
Building Warrant of Fitness
The Building Act requires the owner of a building with specified systems (such as sprinklers, lifts, fire alarms) to have a compliance schedule and to provide the council with an annual Building Warrant of Fitness (BWoF) to confirm that the building’s specified systems are being maintained and are operating effectively. Buildings that contain certain [...]
Purchase Price Allocation – Plugging A Perceived Gap
The Perceived Gap There have always been provisions in the Income Tax Act 2007 requiring vendors and purchasers to assign a purchase price to “taxable property”. Further, the assigned purchase price had to be based on “market value”. The objectives of the provisions were to ensure that purchase prices for mixed supplies were allocated consistently by [...]
New Laws for Commercial and Industrial Assets within Unit Title Developments
Many high density commercial and industrial precincts have been created under the Unit Titles regime. As such, owners and occupiers alike of such assets should keep watch on the current, and long awaited, overhaul of the Unit Titles Act 2010.
When selling a business it is important that any statements regarding the business are accurate. Generally a statement as to possible future events is regarded as being an opinion which is not typically actionable if it turns out to be incorrect.
Financial Advice In Times of Stress
As a business owner, you’re expected to perform many roles. Juggling various aspects of the business – like developing customer relationships, handling employee issues, and managing cash flow – is time consuming but necessary to keep the business operating.
Design, Build & Lease: It’s Just Commercial Sense
Design Build Lease is fast becoming a commercial methodology accepted by national and international businesses to meet their ever-expanding accommodation requirements in Hamilton.
5 Ways Business Insurance Protects Your Investment
Running any business comes with some level of risk. And while it’s impossible to eliminate risk, it is possible to mitigate it.
Industrial: The Darling of Commercial Property
Welcome to the first issue of Key Assets for the year! We have some outstanding properties that are showcased in this issue, representing excellent value and opportunity for the discerning buyer.
Small Footprint Retail: The Way Forward?
We’ve said goodbye to generic-driven big box stores, but what’s the way forward for retail?
Changes To The Privacy Laws And How They Affect You
New Zealand’s privacy legislation seeks to provide a framework for protecting an individual’s right to privacy of personal information.
The Role Of The Commercial Finance Consultant
In today’s economic climate, how you structure and obtain funding has never been more critical.
The Future Is Here. Are You Ready For The Change?
Tony Kidd, General Manager of NAI Harcourts New Zealand, recently attended NAI Global’s virtual convention featuring well known global futurist and best-selling author Jack Uldrich.