New Zealand returns world class results

New Zealand returns world class results

Offshore investors look to New Zealand property markets

New Zealand is emerging as one of the preferred property markets for global investors.

This is a key finding in Colliers Internationals’ Capital Markets Report where prime average commercial, retail and industrial yields in Auckland and Wellington proved higher than their global counterparts.

Chris Dibble, National Manager of Research at Colliers International, says the world’s largest investment funds are now, more than ever, adopting a strategy of investing in New Zealand commercial “While New Zealanders typically provide the lion’s share of purchasing activity, the motivations of offshore parties – searching for higher returns and asset diversification in a world with super-low interest rates and strong competition – have changed our investor landscape.”

The report confirms almost half the total value of properties sold for $5 million or more last year, was sold to offshore investors. This accounted for one fifth of all transactions.

Andrew Reed, International Director of Capital Markets at Colliers International, confirmed offshore investors’ interest in New Zealand is red hot.

“New Zealand is growing into an internationally recognised country for its commercial real estate, and its values are appreciating quickly.”

Reed says New Zealand will see more joint venture partnerships between offshore and domestic property companies in the future – particularly from China.

-- End –

© Scoop Media