The value of proven results.

MB Cook is Canterbury’s most established commercial and industrial real estate specialist. Our proven performance is underpinned by close to a century of experience and results.

At MB Cook we deliver the best possible outcome for owners and tenants in the commercial and industrial property sales and leasing market. We achieve this by working hard, tailoring our approach and negotiating prudently.

We are proud of our history, proud of our track record, and proud to be known as successful local specialists.

The value of a company
with ethics.

Our understanding of the commercial and industrial property market and our commitment to genuine service has set us apart since the beginning of the business in 1928. Working honestly and developing long-term relationships is what our reputation is built on.

Delivering true value is our focus. We partner with our clients to understand their needs, provide honest advice and feedback, and to secure the best deals and outcomes.

  • Understanding the market
  • Understanding your needs
  • Providing honest advice and feedback
  • Securing the best deals and outcomes

Market InsightsWinter 2017

Graeme Donaldson Commercial and Industrial Specialist

We really have clambered into the colder months. As I pen this Mount Hutt is about to open, Team New Zealand are conquering race after race in the America Cup and listings are coming into our system in an never-ending stream.

Activity in the marketplace, although somewhat slower in April, has regained its momentum with enquiry not so much for the larger format building but certainly for smaller offices and warehouses.

An interesting initiative from the ANZ Bank this week saw MB Cook address over 100 guests on potential Commercial Property investment. We were asked to speak to this group for three quarters of an hour. The range of questions that were raised after the presentation confirmed our thoughts that there are a large number of people looking at transitioning from Residential Investment to Commercial. The motto of this is - if you are considering selling your investment property (whether vacant or leased) now may very well prove to be an opportune time to commence the process.

For those who are keen on a new building (being 100% of NBS) but simply don’t have the skills or time to align themselves with the build process there are a number of new units being built at Waterloo Business Park, both Freehold and Unit Titles. Pricing ranges from $415,000 plus gst upwards.

Hornby’s Industrial Sector sees Calder Stewarts HQ in full swing. Some of the most recent buildings completed are New Zealand Trucks, Fletcher Easy Steel, Fletcher Roofing, Seed Force, Waste Management’s Christchurch HQ, Nova Energy and Mace Engineering. This really is a fantastic development with the new Southern Motorway bypass link on its doorstep. Those wanting to secure their own turnkey large format building should consider speaking to the team at MB Cook about the opportunity this development has to offer.

We are encouraged to hear that Christchurch’s Core CBD office sector now consists of approximately 270,000sqm of quality office space - the majority being grade A or B. This quantity is a far cry from where we were 12 months ago. Of this space approximately 40,000sqm (as at the time of writing) is available for lease. Most of this vacant space can be attributed to three or four buildings. A very positive sign for our city. Unfortunately this migration to central is leaving vacancy in the surrounding suburbs. This is not all bad news for those who are keen on lower rents and the availability of onsite car parking. Do call us at MB Cook if you are considering an office relocation.

Commercial and industrial real estate is an interesting and exciting market to be involved in. At MB Cook we have over 86 years of experience in the business. Our team would love to showcase some of our current stock and discuss your requirements, so get in touch with us today!

The value of real local knowledge.