Over 250 enquiries from tenants eager to view and rent Urba
New Zealander’s and overseas investors are watching the Auckland property market beast roar back into action after a short, reflective nap. From the CBD to the outskirts, massive projects are enticing and tickling the fancy of investors worldwide. From the panoramic views of our Queen Street office, we count 10 cranes; furiously building the future Super City we are all anticipating. Plane loads of city hunting immigrants, with climate, lifestyle and property on their bucket lists are flowing in, surging demand and lighting the way for an expected two million people to populate New Zealand’s most diverse and international stomping ground by 2030.
As the largest apartment property management company in Auckland CBD, we have been heavily involved with one of our favourites, Urba, at 5 Howe Street. The gentrification and development of Karangahape road is in full swing, the ridgeline connecting one of Ponsonby’s boundaries to Auckland Central is important real estate and the mix of residential to commercial will find an equilibrium over the coming years as potential is unlocked, new build after new build. We saw opportunity for our clients here two years ago, and since then as the market has risen, there are smiles all around.
We have placed a first rate Impression Building Manager on site to continue the unique, attractive appearance and smooth running behind the scenes. Rest assured that our interests to keep Urba presented immaculately every day of every week, for all occupants to enjoy, are in line with owners who deserve and expect nothing less. As the complex nears completion, anticipation is building and settlement is just around the corner.
Our property managers and letting agents have replied to over 250 enquiries from tenants eager to view and rent properties in Urba that were purchased as investments. The returns are great and all signs point to a quality, profitable hold for the future.
To wrap it up, we can’t wait for the complex to be unveiled and if you are listening to the economists, banks, agents, brokers, developers and investors, 5 Howe Street is set to become great real estate for decades to come.