FINANCE: New Zealand commercial property returned 12.9% in the year to Q3 2014, according to the PCNZ/IPD New Zealand Quarterly Property Index.
This is made up of 5% capital value growth and 7.6% income return, and compares with a 11.3% total return for the year to the end of June.
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Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
