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
- Lawyer Adina Thorn discusses her decision to launch a class action against Carter Holt Harvey over its Shadowclad product
- Westpac senior economist Satish Ranchhod says student inflows continue to be a big driver of growth
- Volpara chief executive Ralph Highnam on his company's $9.6m loss and fast-growing revenue
- NBR's Jenny Ruth on what analysts are saying about Ebos' $A154m HPS purchase
- NBR Radio: best of the week ended May 26, with Grant Walker