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.
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
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 UpdateFebruary 2021
Here we are in 2021, and what a start to the year. From the time MB Cook opened its door in mid January, enquiry has been immense. A number of properties that had been sitting on the market have been snapped up - both in leasing terms and purchase opportunities.
Interestingly, with so much optimism being shown by many businesses, leasing rates seem to have stabilised and less incentives are having to be offered to attract tenants. This is especially so in the industrial sector.
Yields in relation to selling prices
Given the relatively limited options of investment vehicles out there, and certainly those that can be easily understood by the general public, commercial property has become a sought after commodity.
Recent yields in Christchurch that were typically around the 6.75% to 7% are now in the low 5% to 6%. This is especially so for quality buildings with quality tenants. These yields are still significantly behind Aucklander where a 3% to 4% return on investment is not uncommon. Will we see this in Christchurch? Time will tell but with money being plentiful and Bank returns so low, one would think a 4% return is a real possibility for blue chip investments.
This month we officially welcome Michael Girgis to our team. Michael comes from a marketing background and will primarily be focusing on the industrial sector. He brings with him a wealth of business contacts and a huge desire to succeed. We wish him well and will be giving him all the assistance and encouragement our team can offer.
In conclusion if you are considering selling or leasing your property, now might just be the time to give one of our team a call to discuss your options. Ph 03 3430600
Have a great 2021!