The Real Estate Institute has sold its national headquarters for $6.2 million in a deal brokered by Bayleys.
The buyer is an unidentified Auckland-based family business. But they will soon become known because they plan to use the building as their new premises.
The two-level 758sq m building in the heart of Parnell in Auckland, sits on 1813 square metres of land and was sold after a successful international tender campaign managed by Bayleys agents James Chan and Cameron Melhuish.
The Institute owned the building for 27 years.
“It was appropriate to us as a membership organisation that the sales process encompassed taking this property to the widest possible buyer audience, and ensuring that all negotiations were conducted professionally and in accordance with the published tender process,” Real Estate Institute chairwoman Dame Rosanne Meo says in a prepared statement.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- Nevil Gibson discusses his latest Editor's Insight on regional development
- Political commentator Bryce Edwards on police censorship
- SBS Bank's push for growth is profitable, says chief financial officer Tim Loan
- Tim Hunter on why Veritas is doing it the hard way
- Matthew Hooton on whether Steven Joyce will be the next national leader
- Rodney Hide on why all city planners should be fired
- Nevil Gibson discusses his latest Editor's Insight on films
- The NBR crew throw around some of the week's top stories
- Rob Hosking breaks down the political and economic week that was
- "A tragedy" - David Farrar on his disappointment with Simon Bridges
- New F&P product pipeline exciting, says Macquarie senior investment adviser Brad Gordon
- NBR's Cameron Officer talks about the NBR Car of the Year 2015