Wellington, Taranaki & Lower North Island

Wellington City Council is proposing a new rates regime for short-term accommodation providers.

The 8-storey asset was built around the 1940s and was Wellington’s first 5 Green Star Office Built building.

Radius Residential Care Limited has entered into an agreement to acquire the business and assets of Karori Village care home from Metlifecare for $13.6m.

Property for Industry has completed the sale of two regional industrial properties for a combined $19.05m.

DOC has engaged CBRE to run the RFP process.

NZ Super Fund jv NZ Hotel Holdings sells the two hotels as it continues to reduce its exposure to tourism.

Precinct Properties Group has confirmed the sale of its 20% interest in 40 and 44 Bowen Street in Wellington has now settled.

Singapore investor AGP and New York-based investor Stonepeak’s Arvida get the go ahead for retirement village related property deals.

Around 250 property professionals have converged on Auckland’s Aotea Centre for the Property Council New Zealand’s Residential Development 2025 conference.

The Nelson-Marlborough districts reported the highest occupancy levels among New Zealand’s key hotel markets in February 2025, according to Horwath HTL. 

Colliers Palmerston North has marked 20 years in business, after it was created in a merger between Colliers and a local commercial property business known as J.P. Morgan Real Estate.

Woolworths Ōtaki will be converted to a FreshChoice store following  a review of how the store can best meet the needs of locals. 

Wellington Airport has bought a waterfront corner site at Lyall Bay and leased it to café Puku Pies & Kai.

The Wellington Phoenix football club will become the new operators of Lower Hutt’s Ricoh Sports Centre on Fraser Park.

The government has approved funding for Wellington Girls’ College’s $100m redevelopment.

Wellington’s Reading Courtenay Central and associated land has been successfully sold to Primeproperty Group for $38m.

The Ministry of Business, Innovation and Employment has finalised proposed changes to the management of the government’s property services.

Housing Minister Chris Bishop has opened Kāinga Ora’s 134-home development in Epuni, Lower Hutt.

Palmerston North’s biggest social housing development has been officially opened.

An increase in the supply of new and refurbished office space entering the Wellington CBD office market in the past two years has resulted in more vacancies, according to CBRE.