Full buildings, new tower buoy sector

Monday 26 January 2004

A robust leasing market, strong interest from overseas buyers and the development of a new

By The Landlord

Auckland office tower indicate a real estate sector in good shape for the year ahead, says an adviser.

Jones Lang LaSalle senior consultant Mark Clavey said the continued strength of the domestic economy had propelled commercial property to new heights, and he saw no signs of any big changes this year.

Unsatisfied investor demand, expansion of a new office precinct round Viaduct Harbour in Auckland and big transactions were hallmarks of last year, he said.

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