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Duke & Cooke Property News |
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Published on: 6th December 2008 TAHUNANUI AGENCY CLOSES TAHUNANUI AGENCY CLOSESA Nelson real estate agency that said it wasn’t participating in a recession has decided to close the doors of its Tahunanui office. Harcourts managing director Paul Hedwig told The Nelson Mail that the closure was effective from tomorrow, with most of the six staff moving to Richmond or Nelson offices. Since the beginning of this year, Ray White’s Nelson office, the Century 21 agency and LJ Hooker have all disappeared from the local market. A new Ray White office has opened in Mapua and the Professionals has also established an office in Stoke. (The Nelson Mail, Monday 1 December 2008) NEW NMIT ARTS, MEDIA CENTRE A STEP CLOSERThe Nelson Marlborough Institute of Technology has agreed on concept design plans for its multimillion-dollar Arts and Media Centre. The NMIT council yesterday was presented with the results of a design competition organised with the Ministry of Agriculture and Forestry, which pitted four architectural firms from throughout New Zealand against each other to design a progressive and functional timber building. The judging panel chose Nelson firm Irving Smith Jack Architects. Earlier this year the Government pledged $8.132 million towards the three-storey building, which will be next to the new Tourism and Hospitality building being built in Nile St. The project is expected to cost around $9 million. NMIT council chairman Brian Rhoades said he believed it was important that the building was constructed not just as an arts and media building but as a teaching and learning space. Construction is due to begin in September next year, with the aim of completion by the end of 2010. Meanwhile, the Hospitality and Tourism building is on target to be completed by next month, in time for the new term. NMIT has also secured its first sponsor for the building in the form of Seifried Estate winery. (The Nelson Mail, Wednesday 3 December 2008) ACC’S PURCHASE OF FASHION ISLAND QUESTIONEDThe financially-troubled ACC bought Nelson’s Fashion Island shopping centre less than two months ago for $22.7 million. The 28-store Nelson Fashion Island complex has had its fair share of problems, opening later than expected just prior to Christmas last year, never being fully tenanted and having two local businesses close during the first eight months. The centre has a registered valuation of $16.1 million. ACC is shifting its Nelson office from upstairs offices in Hardy St to a purpose-built, leased building on the corner of Collingwood St and Riverside Drive. Dr Smith said the lease was increasing from $99,000 to $346,000, making him think twice about accepting an invitation to open the premises. (The Nelson Mail, Friday 5 December 2008) CURBS IN NEW PLAN FOR ABEL TASMANThe ever-increasing popularity of Abel Tasman National Park has forced the Department of Conservation to impose restrictions on commercial activities in New Zealand’s smallest national park. A new management plan for the park has been put in place for the next 10 years. It has set a limit of no more than 66 commercial trips a day by kayak or other self-propelled vessel, and a maximum of 50 people a day on guided walking trips. Guided walkers use a mix of private accommodation and DOC huts and campgrounds. They have to book and pay on the same basis as freedom walkers. In 1999, DOC introduced a booking system for its huts for the summer season. In 2005, this was extended to cover huts and campgrounds year-round. (The Nelson Mail, Friday 5 December 2008) INNER-CITY PLAN LAUNCHEDThe Heart of Nelson draft strategy was launched for public feedback today. Comments are invited until February 3. The draft strategy makes 89 suggestions, large and small, for improvements to the central city area. It has been drafted by consultants Urbanism-plus with input from many Nelson residents. Copies of the summary and full strategy are available from the Nelson City Council offices in Trafalgar St and Nelson public libraries. (The Nelson Mail, Friday 5 December 2008) PROPERTY WATCHDevelopment delayed Big sales clinched Harcourts Nelson agent Struan Bennett has conducted several recent sales of city properties in excess of $500,000, Harcourts managing director Paul Hedwig says. The properties included a home at 2 St Johns Drive that received several offers and fetched “in excess” of its $730,000 GV; a Cleveland Tce home that went for “slightly above” its $650,000 GV after 70 days of marketing; an Atmore Tce home that achieved its GV of more than $900,000; and a property at 359 Hardy St with a GV of $565,000, which sold for more than $700,000 with four offers after 70 days of marketing. Terminal gets tenant Popular price bracket (The Nelson Mail, Saturday 6 December 2008) |
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