Commercial yields tumble at auction
Hot Topic
EARNINGS
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An industrial property in Mt Wellington, Auckland sold at the lowest yield seen in 15 years, according to Colliers International.
A “private buyer” made the top bid at a February 28 auction for a warehouse and offices at 5 Mt Richmond Drive in Mt Wellington.
He outbid four rivals and
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Chris Hutching for NBR NZ Property Investor
Wed, 12 Mar 2014
Wed, 12 Mar 2014
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Commercial yields tumble at auction
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