Big retail property portfolio in Hastings fetches $21 million

“The four properties had combined annual net rent of $1,359,100. The four leases had 2.5 to 7.5 years to run.  The highest rent and longest remaining lease term was for Briscoes and Rebel Sport at $644,920 a year with 7.5 years lease remaining.” Stuff | 17 … Continue reading

Hastings Park Mega Centre retail portfolio sells for $21m

“The sale is a significant bellwether and major vote of confidence in the Hawke’s Bay economy that is clearly rocking. The Park Mega Centre sale suggests, for the property category, Hawke’s Bay is tracking as well or better now than … Continue reading

Work hasn’t even started on Napier’s Kmart, and it’s already wanting to expand

“The development, if it occurs, could be net positive for Napier as a further retail destination. Kmart Hastings’ performance and pedestrian numbers could be affected by a Napier Kmart.” Stuff | 19 Aug 18 | Work hasn’t even started on … Continue reading

Napier City Council leasehold properties up for grabs

“Leasing industrial land had become unpopular because of the risk of high rent reviews” … “Where once leasehold land was an economical way to get access to land for business or a house, it was no longer.” The Press | … Continue reading

Hi-tech Sunfruit packs 120 million apples in less than 3 months

Hawke’s Bay’s horticulture industry is “booming.” … “One-hundred and eighty-one hectares of raw industrial land has been added to Hawke’s Bay supply in 2018, enough for around 360 developments of 0.5 ha land each.” Hawke’s Bay Today | 30 Jun … Continue reading

Report shows the Central Hawke’s Bay rural economy thriving

“The market is happily rocking to a very strong beat, with some residential property values almost doubling in five years,” “Central Hawke’s Bay residential real estate sales averaged $62.2 million per year for the three years 2014-16. In 2017, transactions … Continue reading

Pedestrian area at mall rethink call

“The Hastings pedestrian mall alongside a railway line created in the 1980s was a mistake that needs to be reworked. We firmly believe the mall should be remodelled to lightly allow one-way cars, like Emerson St in Napier, that is … Continue reading

The value of industrial building rising in Hawke’s Bay

“Hawke’s Bay’s industrial sector appears to be driven by a boom in local horticulture. The value of industrial building consents rose $14 million over the past two years, compared to the previous two year period.” Stuff | 17 Mar 18 … Continue reading

Newstalk ZB Radio News

Newstalk ZB News | 16 Mar 18 – 8:00am | Horticulture led industrial building boom Hastings Turley & Co response – P Turley audio. Turley & Co Industrial Focus© Report

Boom in Hastings horticulture boosts industrial building consents | NBR Radio + Print

National Business Review | 15 Mar 18 | Boom in Hastings horticulture boosts industrial building consents Turley & Co press. NBR – paid subscriber access. NBR audio access Radio interview P Turley 15 Mar 18.           … Continue reading

Bay horticulture spurs industrial building projects in Hastings

“There was an 18 per cent increase in industrial-building consents value for Hastings District, with values rising from $77 million in 2014-2015 to $91m for 2016- 2017.  That included five major completed, ongoing or planned industrial developments with a combined consents … Continue reading

Enjoy enchanted evening at mystery spot

The Enchanted Ball will be set in a beautiful location in the stunning sperry tents — however ball goers won’t find out the location until the night of the event. The ball is in support of the Maraetotara Tree Trust … Continue reading

Xero’s Napier office part of a wider trend

“A similar dynamic is occurring for Havelock North, with competitive effects for Hastings’ central business district’s office sector and city centre.” The Napier Mail | 28 Feb 18 | Xero’s Napier office part of a wider trend Turley & Co press. … Continue reading

Hawke’s Bay office tenants chasing ‘vibrancy’ in the suburbs

“The quayside suburb [Ahuriri] is attracting government agencies and various professional services, and has over decades progressively transformed from an inner-harbour industrial heartland.” Stuff | 20 Feb 18 | Hawke’s Bay office tenants chasing ‘vibrancy’ in the suburbs Turley & … Continue reading

Business vibrancy in Ahuriri, Havelock North offers alternatives to CBDs

“The vibrancy of mixed use including popular bars, restaurants and apartments, has attracted Napier CBD tenants. A similar dynamic is occurring for Havelock North, with competitive effects for Hastings’ CBD office sector and city centre.” Hawke’s Bay Today | 6 … Continue reading

Hastings consumers spending in Napier cafes and shops

“Hastings local cardholder spending in Napier rose 3.3 per cent in the final quarter of 2017, with Hastings residents spending $34.54 million.” Hawke’s Bay Today | 23 Jan 18 | Hastings consumers spending in Napier cafes and shops Turley & … Continue reading

HB retailers staying the course

“Hawke’s Bay mainstreet occupancy at all main retails spots in Hawke’s Bay were at more than 90 per cent and with the number of shops operating also going up in some areas.” … “There has been considerable Hawke’s Bay mainstreet … Continue reading

Buoyant Hawke’s Bay retail occupancy

“Hawke’s Bay is booming. Mainstreet occupancy is the highest in three years.”  “There are no signs of waning economic conditions for Hawke’s Bay and the current retail roll should continue into 2018.” Scoop News | 9 Jan 18 | Buoyant … Continue reading

Setting out on the path to creating new hospice

“The age, construction and location of the hospice’s current site on Knight St limited the opportunity for growth, expansion and modernisation.” Hawke’s Bay Today | 25 Nov 17 | Setting out on the path to creating new hospice Turley & … Continue reading

French legacy for Hawke’s Bay Maraetōtara Tree Trust

“A trust established with money given by France, following the sinking of the Greenpeace ship Rainbow Warrior, is benefitting one of Hawke’s Bay’s largest private conservation projects.” “Prior to the Trust’s establishment in 2002 the Maraetotara River suffered from water-quality … Continue reading