Wednesday, 17 March 2010

Auckland and New Zealand Property - Bob Dey Publishing

Auckland and New Zealand Property - Bob Dey Publishing
Bob Dey's newsletter is a valuable source of commercial property intelligence. In this week he refers to the settlement of the Albany Centre dispute, which is noted for the commercial common sense in the settlement, but also noting that the flirtation with creating leasehold interests appears to be over. The Beaumont Centre in central Auckland is also moving away from leasehold interests, largely because in both cases there is no real commercial value. The real purpose was to clip the ticket on funds moving around-and not to add value to the property or the transactions.

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