Commercial PropertyZ E A L A N D

Ding, dong... GONG!Seems 'tis the season for accolades, so for therecord here's some recent notabilities:

• The Clyde Wharf development inWellington has taken the Supreme Awardin the Property Council's annual industryawards. The Willis Bond development isbuilt on a wharf that first operated as longago as 1907 and was later the capital'soverseas passenger terminal. It features 76apartments with associated retail and officespace.

• The Property Institute of New Zealand haspresented its 2015 innovation award fordevelopment of outstanding products orservices in the property sector to ColliersInternational. The winning entry was basedon the agency's revamp of its print anddigital marketing.

• Two Harcourt auctioneers picked upmedals in the REINZ National AuctioneeringChampionships: Andrew North fromHarcourts Cooper & Co on Auckland'sNorth Shore was judged NationalChampion, while Sam Walmsley, also fromCooper & Co, was named the 2015 RisingStar. North is also the current AustralasianAuctioneer of the Year and will defend histitle in Melbourne later in the year.

• Six architectural practices gained Auckland/Northland regional awards in the annualArchitectural Designers NZ awards - BernieKose (BK Design), Joseph Long (LTDArchitectural), Peter Were (Peter WereArchitectural/Interiors), Phil Mason (PhilMason Consultants), David Maurice (LTDArchitectural) and Mark McLeay (CreativeArch). National awards will be announced inOctober.

• Colliers International took four first placesin the annual awards handed out by theRoyal Institution of Chartered Surveyors- and was runner-up in another fourcategories. •

Recent dealsCompiled by the CPNZ editorial team

Henderson, 2-level, 1363m2

office property on 1698m2

site sold at $3,411,111on 8% yield; lease in

• Lot 13, 99 Fred Taylor place to Ministry of SocialDrive, Westgate, vacant Development from 2005,3220m2 greenfield site sold second of 3yr RoR exercised

SALES

Auckland West

by Neil Construction Ltdto Northbridge Propertiesat 1.44 million (SeanFinnegan/Craig Newth,Colliers International)

• Northside Dr, Westgate,14-lot industrial subdivisionbeing developed by The NeilGroup:• Lot 2,1842ma site soldto an owner-occupier at$644,700• Lot 3,1828m2 site soldto an owner-occupier at$639,800• Lot 13, 3220m2 site soldto a developer at $1,449million(Grant Miller, Bayleys WestAuckland)

• 8 Tolich St, Henderson,5958m2 office/warehouse/workshop premiseson 1.2376ha site, 173carparks, sold at $11.5million on 9.3% yield;lease in place to 2022 toa multinational screenproduction company (SunilBhana/Mike Houlker/MikeAdams/James Appleby,Bayleys Auckland)

• 46 Rosebank Rd,

September 2014 returning$272,562 pa (TonyChaudhary/Amy Weng,Bayleys South Auckland)

• Unit G, Pioneer Plazaretail complex, 21 CatherineSt, Henderson, 242m2 retailpremises sold at $715,000on 7.7% yield; 3 yr lease inplace to Lenco Sport NZ Ltdfrom September 2014 (TonyChaudhary/Janak Darji,Bayleys South Auckland)

Auckland North

• Unit C4,14-22 TritonDr, Albany, 315m2 unittitle warehouse/officeproperty, 6 carparks, soldat $635,000 on 7.3%yield; tenancies in placeto ONZL and Bed & LinenLtd returning $46,000pa (Adam Curtis/TrevorDuffin, Bayleys North ShoreCommercial)

• 7-9 Civil PI, Albany,1983m2 industrial propertyon 4066m2 site soldvacant at $4 million (MattMimmack, Bayleys NorthShore Commercial; Sunil

SOLD vacant at $4 million: 7-9 Civil PI, Albany

Provided for client's internalresearch purposes only. May notbe further copied, distributed, soldor published in any form withoutthe prior consent of the copyrightowner.

Commercial Property New Zealand, New Zealand01 Jul 2015

General News, page 4 - 3,358.00 cm²Magazines Business - circulation (Fortnightly)

ID 428229179 BRIEF ADNZ(W) INDEX 1 PAGE 1 of 4

Commercial PropertyN E W Z E A L A N D

Recent d e a l s continued

Bhana/Mike Houlker,Bayleys Auckland)

• 1988 East Coast Rd,Siiverdale. 8.9ha land soldby tender at $1.85 million;part rented returning$25,500 pa (James Yu/Damian Stephen/MichaelBlock, Bayleys North ShoreCommercial)

• 148 Lake Rd, Belmont,2-level, 1950s premiseson 178m2 site, sold at$810,000 on 6.1% yield;lease in place to JollyPunter Sports since 1995returning $49,488 pa, 12month demolition clause inlease (Michael Nees/SimonAldridge/Brian Caldwell,Bayleys North Shore)

Auckland Central

• 71 Symonds St,Auckland, three officetower levels each of 143m2

sold at $1.08 million (KrisOngley/Jonathan Lynch/Sam Gallaugher, ColliersInternational)

• 555 Great South Rd,Penrose, 636m2 partlytenanted showroom on840m2 site sold at $1.45million; 8+4+4+4+4 yr leasein place to A&K Cafe fromJuly 2014 returning $47,478pa (James Valintine, BayleysAuckland)

• 180A Station Rd, Penrose,794m2 warehouse/showroom/office propertyon 1474m2 site sold vacantat $1.17 million (JamesHill/Sunil Bhana, Bayleys

Auckland, Katie Wu, BayleysSouth Auckland)

• Unit 9, 4-44 Aranui Rd,Mt Wellington, 189m2 work/live unit sold at $600,000 on7.9% yield; gr fl warehousewith new 3 yr lease toan industrial tenant, tworesidential tenancies above,total return $47,320 pa(Mike Marinkovich, BayleysSouth Auckland)

• Unit E, 108 StationRd, Otahuhu, 501m2

warehouse/showroom soldvacant at $705,000 (TonyChaudhary/Janak Darji,Bayleys South Auckland)

• Great South Rd,Penrose, (Fletcher Buildingheadquarters) 2.2 hectare

property with 13,200m2

NLA when redevelopmentcompleted in 2016, sold toan onshore private investorat $80 million on approxyield of 7%; 20 year lease-back to the vendor (PeterHerdson/Andrew Reed,Colliers International)

• 202 Ponsonby Rd,Ponsonby, 2-levelcommercial property on1633m2 site sold at $8.4million on 5.96% yield; leasein place to White CrossAccident & Medical Clinic(Colin McKenna, BayleysAuckland)

• Units A & B, 400 GreatNorth Rd, Grey Lynn,2-level, 592m2, mixed-use

SOLD at $1.45 million - 555 Great Sooth Rd, Penrose

ft

SOLD at $6.66 million - retail premises at99A Queen St, Auckland

premises sold at $2 million;228m2 gr fl vacant officeand warehouse space,6 carparks; 304m2 7BRapartment complex on upperlevel returning $50,960pa (Alan Haydock/DamienBullick/Jean-Paul Smit,Bayleys Auckland)

• 136 Karangahape Rd,Auckland, 1083m2, 2-level,retail/office property on616m2 site sold at $3.2million on 6.4% yield; 465m2

gr fl retail space leased tothe Rock Shop, 458m2 officespace above leased to long-standing tenant; and 110m2

warehouse fronting Cross St(Cameron Melhuish/AndrewWallace, Bayleys Auckland)

• Unit 62, Victoria ParkMarket, 210 Victoria StWest, Auckland, 49m2 retailpremises sold at $370,000on 7.3% yield; 3+3+3 yrlease in place from January2015 (Kate Kirby/Leah LaHood, Bayleys Auckland)

• 51F Hobson St, Auckland,994m2 upper floor of 2-levelbuilding, 23 basementcarparks, sold at $2.85million on 9.5% yield; twotenancies in place expiring2016 and 2021 (AlanHaydock/Damien Bullick,Bayleys Auckland)

• 99A Queen St, Auckland,260m2 retail premises soldat $6.66 million on 6.07%yield; 10+5 yr lease in placeto Oakley South Pacific Ptyfrom 2008 (Alan Haydock/Damien Bullick, BayleysAuckland)

Provided for client's internalresearch purposes only. May notbe further copied, distributed, soldor published in any form withoutthe prior consent of the copyrightowner.

Commercial Property New Zealand, New Zealand01 Jul 2015

General News, page 4 - 3,358.00 cm²Magazines Business - circulation (Fortnightly)

ID 428229179 BRIEF ADNZ(W) INDEX 1 PAGE 2 of 4

Commercial PropertyN E W Z E A L A N D

Recent deals continued

• 79-83 Beach Rd,Auckland, 1211m2 propertyon 814m2 site sold at $5.6million on 3.9% yield; leasein place to Tourism Holdingsto October 2015 with 3+3 yrRoR but 12mth demolitionclause after October 2018(Phil Haydock/Alan Haydock,Bayleys Auckland)

•• 44G Anzac Ave, Auckland,168m2 office property,2 carparks, sold vacantat $450,000 (CameronMelhuish/Andrew Wallace/Jean-Paul Smit, BayleysAuckland)

• 113 Grafton Rd, Grafton,1015m2, 3-level officebuilding, 19 carparks, sold at$2.45 million on 8% yield; 6yr lease in place to Imagesand Sound Ltd to February2019 with 3 yr RoR (ScottKirk/James Were, BayleysAuckland)

• 131 Khyber Pass Rd,Grafton, 1835m2 officeproperty on 1490m2 site,53 carparks, sold at $7.45million on 8% yield; new 7 yrlease in place to 2degrees(Alan Haydock/Ben Wallace,Bayleys Auckland)

• 399 Khyber Pass Rd,Grafton, 446m2, 2-levelmixed-use property on245m2 site with gr flshowroom and 1st fl officesold at $2.21 million; threetenancies returning $76,245pa increasing to $91,662pa in September, 87m2

office space vacant (ScottKirk/James Were, BayleysAuckland)

Auckland South

• 139 Kerrs Rd, Wiri,1000m2 warehouse sold at

SOLD at $2.45 million - office property at113 Grafton Rd, Auckland

SOLD at $7.45 million - office property at 131 Khyber PassRd, Auckland

$1.08 million on 7.8% yield(Josh Franklin, Knight FrankSouth Auckland)

Tauranga

• 150 The Strand, Tauranga(Harbourside Restaurant),570m2 2-level property soldat $1.3 million on 11.08%yield (Simon Clark/DuncanWoodhouse/Grant White,Colliers International)

Waikanae

• 34 Main Rd, Waikanae(Waikanae Hotel & BottleStore), 6485m2 site soldto the Wellington RegionalCouncil at $2.6 million

(Dean Anderson/RichardFinlay, Colliers International)

Christchurch

• 9SirJamesWattieDr, Hornby, 4628m2

warehouse/office propertyon 10,056m2 site sold toan owner-occupier at $5.75million (Campbell Taylor/Sam Stone, Knight FrankChristchurch)

Central Otago

• 12 Church St,Queenstown, bar premisessold at $530,000,refurbishment planned(Barry Robertson/Steve Mclsaac, Colliers

International)

• Aspiring Lodge Motel, cnrDunmore and DungarvonStreets, Wanaka, 14-unitmotel with nine yearsremaining on lease, soldat $2.55 million on 4.8%yield (Steve Mclsaac/BarryRobertson/Dean Collins,Colliers International)

Auckland West

• 3027 Great NorthRd, New Lynn, 291m2

warehouse/office/showroompremises leased on 4+4+4yr term commencing at$44,000 pa with steppedannual increases to $65,000pa in year 4 (James Appleby/William Coates, BayleysWest Auckland)

Auckland North

• 122-124 Anzac St,Takapuna, 348m2 retailpremises leased at $57,000pa (Nick Brown/Elaine Tutty,Barfoot & Thompson NorthShore)

• 121 Wairau Rd, WairauValley, 223.5m2 showroom/office/warehouse premises,4 carparks, leased at$33,500 pa (Gary Seekup/Bruce Jiao, Barfoot &Thompson North Shore)

• 100F Bush Rd, Albany,163m2 office premises, 7carparks, leased at $40,000pa, carparks $20 pp/pw(Aaron Smith, Barfoot &Thompson North Shore)

• 69 Lake Rd, Devonport,85m2 retail premises leasedat $20,600 pa (Nick Brown/Bruce Jiao, Barfoot &Thompson North Shore)

1 July 2015

Provided for client's internalresearch purposes only. May notbe further copied, distributed, soldor published in any form withoutthe prior consent of the copyrightowner.

Commercial Property New Zealand, New Zealand01 Jul 2015

General News, page 4 - 3,358.00 cm²Magazines Business - circulation (Fortnightly)

ID 428229179 BRIEF ADNZ(W) INDEX 1 PAGE 3 of 4

Commercial PropertyN E W Z E A L A N D

Recent deals continued

• 77A Barrys Point Rd,Takapuna, 303m2 showroom,3 carparks, leased at$58,000 pa (Nick Brown,Barfoot & Thompson NorthShore)

• Unit C, 31 Apollo Dr,Albany, 251m2 office/storagepremises, 5 carparks, leasedat $59,240 pa (Brian Paulin,Barfoot & Thompson NorthShore)

• Unit E, 16 Flexman PI,Silverdale, 241m2 warehouse,5 carparks, leased at$30,000 pa (Aaron Smith,Barfoot & Thompson NorthShore)

• Unit C2, 7-9 Tait PI,Albany, 100m2 warehouse/mezzanine leased at $16,500pa (Elaine Tutty, Barfoot &Thompson North Shore)

• Unit B, 6 DouglasAlexander Pde, Albany,342m2 warehouse/officepremises, 6 carparks,leased at $55,500 pa (MattKirkbride/Chase Erceg/SimonFarland, Barfoot & ThompsonNorth Shore)

• Units F l and F2, 4 WilkLane, Browns Bay, 670m2

warehousing in two buildingswith container offload area,leased at $61,845 pa (GarySeekup, Barfoot & ThompsonNorth Shore)

• Part 119 ShakespeareRd, Milford, 140m2 officepremises, 4 carparks,leased at $36,000 pa (TimBibby/Bruce Jiao, Barfoot &Thompson North Shore)

• 24 Hurstmere Rd,Takapuna, 85m2 retailpremises, 3 carparks, leased

at $55,000 pa, carparks $35pp/pw (Adam Curtis/EddieZhong, Bayleys North ShoreCommercial)

• Unit C, 9 John Glenn Ave,Albany, 844m2 warehouseleased at $88,000 pa (MattMimmack/Laurie Burt/Ashton Geissler, BayleysNorth Shore Commercial)

• 29E Peters Way,Silverdale, 285m2

warehouse/office premisesleased at $32,000 pa(Rosemary Wakeman,Bayleys North ShoreCommercial)

• 42 Tamdale Grove, Albany,499m2 office/warehousepremises, 16 carparks,leased at $100,000 pa (AlexStrever/Matt Mimmack,Bayleys North ShoreCommercial)

• 17-19 Constellation Dr,Rosedale, 349m2 office/showroom premises, 14carparks, leased on 4+3+3yr term at $93,156 pa, (KateKirby, Bayleys Auckland)

• Unit B, 10-12 PiermarkDr, Rosedale, 328m2 officepremises leased on 3+3 yrterm at $58,000 pa (MillieLiang, Bayleys Auckland)

Auckland Central

• 22 Fremlin Rd, Avondale,940m2 warehouse/officepremises leased to aninternational tenant on5+5 yr term at $89,000pa (William Coates/JamesAppleby/Grant Miller, BayleysWest Auckland)

• Unit 9,16-18 TaylorsRd, Morningside, 231m2

showroom, 2 carparks,leased at $73,561 pagross, carparks $25 pp/pw(William Coates, BayleysWest Auckland)

• GE4, 238 KarangahapeRd, Auckland, 360m2 officespace leased on 3+3 yr termat $99,340pa (Matt Gordon,Bayleys Auckland)

• Basement, 132 SymondsSt, Eden Terrace, 800m2

warehouse leased on 3 yrterm at $100,000 p gross(Andrew Wallace/Jean-PaulSmit, Bayleys Auckland)

• 449 Richmond Rd, GreyLynn, 611m2 office premises,12 carparks, leased at$147,160 pa, carparks$40 pp/pw (Phil Haydock/Andrew Wallace, BayleysAuckland)

• Gr level, 4-6 Murdoch Rd,Ponsonby, 468m2 office/showroom, 5 carparks,leased on 4+4+4 yrtermat $75,000 pa (BrendanGraves/Matt Gordon, BayleysAuckland)

• Shop 2,100 PonsonbyRd, Ponsonby, 107m2

retail premises, 1 carpark,leased on 4+4 yr term at$72,360pa (Millie Liang,Bayleys Auckland)

• Lower gr fl, 441 QueenSt, Auckland, 204m2 officespace, 1 carpark, leased on3+2 yr term at $47,480 pa,carpark $2860 pa (Jean-PaulSmit/Phil Haydock, BayleysAuckland)

• Part level 8, 205 QueenSt, Auckland, 171m2 officepremises leased on 3 yr termat $51,369 pa (Brendan

Graves, Bayleys Auckland)

• Level 1,15 O'ConnellSt, Auckland, 166m2 officepremises, leased on 4+2+2yr term at $54,839 pa (BenWallace/Brendan Graves,Bayleys Auckland)

• Unit 11, 36-42 Sale St,Auckland, 105m2 officepremises leased on 2+22 yrterm at $32,790 pa (MattGordon, Bayleys Auckland)

• Grfl, 100 Albert St,Auckland, 110m2 fast foodoutlet, assignment of leaseat $881,690 pa (MillieLiang, Bayleys Auckland)

• Shop IB, 139 Quay St,Auckland, 85m2 licensedcafe leased on 6 + 6 yrterm at $84,820 pa (SarahBoles/Ed Donald, BayleysAuckland)

• The Exchange, 39Dockside Lane, Auckland,160m2 office premises, 3carparks, leased on 3+3 yrterm at $74,290 pa gross(Brendan Graves, BayleysAuckland)

• The Exchange, 19Dockside Lane, Auckland,254m2 office premises, 2carparks, leased on 6+2yr term at $108,400 pa(Brendan Graves/MattGordon, Bayleys Auckland)

Christchurch

• 20 Clarence St,Addington, 506m2

warehouse/office/mezzanine, 260m2 sealedyard, leased at $52,000 pa+ Opex (Myles Addington,Knight Frank Christchurch) D

Your commercial deals can be reported here ... send the details to peter@sigma.co.nz

Provided for client's internalresearch purposes only. May notbe further copied, distributed, soldor published in any form withoutthe prior consent of the copyrightowner.

Commercial Property New Zealand, New Zealand01 Jul 2015

General News, page 4 - 3,358.00 cm²Magazines Business - circulation (Fortnightly)

ID 428229179 BRIEF ADNZ(W) INDEX 1 PAGE 4 of 4