Commercial Property News Archive for 28-Sep-2006

IVG Immobilien buys two commercial property portfolios for 879 mln eur (Sharewatch)

The portfolios are made up of 31 separate properties that have a combined surface area of 270,000 sq metres, the company said in a statement. IVG had bought 25 of the properties from WestInvest Gesellschaft fuer Investmentfonds for 505 mln eur.

Australian firm snaps up tower (Stuff)

Wellington's Grand Plimmer Tower has been sold by its Singaporean owner for $54 million in one of the capital's biggest commercial property transactions.

Industry's strongest suit (Whittier Daily news)

INDUSTRY - Vacant land is dwindling and companies are leaving the state for better incentives, but Industry has added more than 6 million square feet of commercial property over the past four years.

CBD Office Returns Soar (Scoop.co.nz)

The latest figures from the Property Council of New Zealand?s Investment Performance Index survey show commercial property investors receiving an average return of 17.88% in the year to June 2006, at a similar level to the 18.10% investors earned on average for the previous year.

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