Contents

Welcome to the third edition of Colliers Portfolio for 2023.

As we move into the second half of the year, some clear trends are emerging in the commercial property market across New Zealand.

There has been strong activity throughout the country with a particular uptick in the regions and the South Island.

This activity has been underpinned by the investor market returning to life with our recent campaigns generating increased interest, which has led to a larger number of offers and buyers than we saw in the earlier stages of the year.

Yields are settling across the asset classes and reflect a balance between the desire to acquire and acknowledgment of funding costs, as prospective purchasers continue to navigate a challenging interest rate environment alongside their appetite for risk.

Vendor expectations have moved to meet the market, which is resulting in increased sales volumes and adds to an improving market sentiment.

Our latest edition of Portfolio features listings from across the commercial property spectrum, including a Countdown in northern Auckland, a large-scale retail building that is tenanted by The Warehouse in Tauranga, and industrial offerings in Hawke’s Bay, among many others.

Thank you for your continued interest in Colliers Portfolio, our national sales team has an outstanding range of investment opportunities available and looks forward to hearing from you.

David Burley

Director