Hawke's Bay abuzz with development projects

Hawke’s Bay valuer Pat Turley is predicting a turnaround in commercial property fortunes in 2014.

He also reports a flurry of developments either recently completed or under way in Napier and Hastings.

“There remains quite intense competition for office tenants who are in the box seat. That seems set to continue at least well into 2015-16.”

The activity in Hastings includes new developments for Freedom Furniture and MSD offices, plus the former Power Board Building and former Mitre 10 Mega redevelopments, as well as new offices in Karamu Rd.

 

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