Archive for August, 2011

Prime Rents & Yields Summary June 2011

the June 2011 Hastings & Napier Prime Rents & Yields Summary is now available for download.

Key findings

  • Market feedback shows ‘better things ahead’ with indications of more listings, more enquiry, and improved interest in the office market. But limited evidence of actual change yet.
  • Large format retail is price sensitive to rental given the extensive supply of space, especially in Hastings.
  • Napier prime retail rents continue to be close to double that of Hastings. National retailers continue to underpin leasing at earlier levels.
  • Investment property yields in both Hastings and Napier are stable and remain at previous levels at 8.2% and 7.7% respectively.

August 5, 2011 at 3:12 pm

Pre-1990 Dates Looming

Until 30 September 2011, the landowner can apply for an exemption if less than 50 hectares of pre-1990 forest land was owned as at 1 September 2007.

Until 30 November 2011, the landowner (as at 20 July 2010) can apply for an allocation of NZUs under the Allocation Plan. The allocation is:
• 18 units per hectare for CFL land transferred after 1 January 2008; or
• 39 units per hectare for land transferred since 31 October 2002; or
• 60 units per hectare for all other eligible land.

If you wish to make an application don’t leave it until the last minute!

August 1, 2011 at 3:55 pm


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