Tenant payment issues are a sensitive topic with the choppy waters of Covid-19 swirling around us. But regardless of the market conditions at play, any rent and operating expense (OPEX) arrears require a swift recovery plan.
Recounting the past 15 years
Managing Director, Mark Bridgman, recently celebrated 15-years with Viranda. We recount some of his memories to date and share what has kept him inspired since 2005.
Grow Your Wealth, Shrink Your Stress
The latest JUNO has dropped! We are very proud to appear in JUNO investing magazine again. JUNO has our thumbs up for educating Kiwis to make smart investment decisions.
Return to Alert Level 3
As per the government announcement regarding Covid-19, Auckland will move back into alert level 3 at midday today. For us, that means taking care of the team and doing our bit to tackle the virus. We have been here before and are prepared for this.
Major changes ahead for building laws
The government has announced its first set of decisions on the proposed building reforms and once the changes are embedded, New Zealanders could experience savings of up to $150 million over the next decade from fewer delays and less repairs to substandard work.
A Candid Discussion around Investing in New Zealand Property.
Viranda considers a multitude of factors when acquiring commercial property on behalf of its overseas clients, including tax and legal guidance, yields and returns, along with clear communication around the consenting process for investing in New Zealand.
Commercial Property Reflections - July 2020
Viranda takes the opportunity to reflect on the commercial property market, with Oli, Rosie and Mickey sharing a few insights from the past three months.
What a ride for the Finance Manager!
These days, leafing through the pages of a community newspaper to find your next job is a thing of yesteryear.
Getting Back to Work
On Monday 18th May we reopened our offices, it feels great to be back! After careful preparations the team is ready to meet with clients and suppliers in person.
Alert Level 2
We are pleased to see the transition to Alert Level 2 later this week. Commercial property owners will be welcoming this news as tenants return to work and a new normal.
Commercial Property is a great fit for Yoshin
“We live in this world, so we may as well see it.” Along with a passion for travel, Yoshin Naidoo brings energy and positivity to his Accounts Administrator role at Viranda.
Moving to Alert Level 3
Yesterday the government announced its commitment to moving the country out of Covid-19 alert level 4 lockdown. This is welcome news for businesses who are permitted to return to some level of trading under alert level 3.
Just wanted to check in
As we move into the fourth week of isolation, we just wanted to check in and say hello from the team. For us, working remotely to navigate the implications of COVID-19 for our clients is going well.
Depreciation, putting $ back in your pocket
Right now, all businesses in New Zealand are feeling the effects of COVID-19, and commercial property owners have their own set of questions to ask. But there is some positivity on the horizon.
Advice to Landlords
As the nationwide lockdown is in full swing, we take this chance to check in. We hope you are adjusting to the situation and looking after the health and well-being of yourself and loved ones.
Strategies to Manage your Assets during COVID19
As the COVID19 situation deepens, our commitment at Viranda is the safety and wellbeing of our clients, team and families.
Raising the Roof on Rents!
To refurb or not? That’s a question on the minds of many clients, and Viranda is well versed at removing the guesswork.
Shift from Residential to Commercial - Part 2/2
Viranda’s Asset Manager, Caroline McNaught takes us through the second video in our two-part series around the benefits of investing in commercial property Vs residential.
Shift from Residential to Commercial - Part 1/2
In this two-part video series, Viranda’s Asset Manager, Caroline McNaught, weighs up the benefits of investing in commercial property Vs residential.
The Impact of Cheap Money on Commercial Property
Falling interest rates are further boosting the commercial property market. Investor confidence is strong, and as a team, we are finding quality properties are being snapped up by a wider profile of investors, which highlights the availability of money for all. Viranda Asset Manager, Caroline McNaught reflects, “the appetite for commercial real estate is coming at us from all corners.
Rosie is enjoying a busy & diverse role at Viranda
Rosie Hartwell brings energy and drive to her role as a Property Manager at Viranda. She is well-versed in juggling a busy role with studying part time, and will soon complete a Bachelor of Business, majoring in property. This pressured work/life setting has shaped Rosie to be organised, open to knowledge and deadline driven.
Auckland Airport Takes Flight
What would 30 rugby pitches of additional airfield space look like? A legacy project. A major transformation of Auckland Airport. Land acquisition and development is a significant part of our business through our subsidiary, Viranda Partners, so this project is of real interest to us, and we certainly appreciate the scale of it.
With spring well underway, we take the opportunity to reflect on the commercial property market and provide a quick update for you. To change things up from our traditional written report, Viranda’s Peter and Chris have hosted a video to capture the main points.
What it Takes to Succeed?
We take this opportunity to share a further case study from our advertorial in the latest JUNO publication. JUNO is New Zealand’s only premium investment publication. Covering all topics of the investment landscape, the magazine is beautifully designed and attracts a wide range of readers.
Viranda welcomes Mickey Haines to the team
Viranda welcomes Mickey Haines to the team. Bringing 15 years’ experience to his role as a Property Manager, Mickey is a committed professional and looks forward to seeking new opportunities for Viranda’s clients.
What Does Success Look Like?
JUNO is New Zealand’s only premium investment publication. Covering all topics of the investment landscape, the magazine is beautifully designed and attracts a wide range of readers from the beginner investor, to the sophisticated expert.
Viranda is a Great Fit for Caroline!
Viranda recently welcomed Caroline to the team and have been enjoying her engaging personality and strong work ethic.
Takapuna Takes a Turn
Takapuna is a coastal suburb of Auckland, cherished for its unique sea and lake location, with vibrant shopping, bustling eateries – and of course the home of Viranda HQ. Having resided at the same address in the heart of Takapuna since 1986, we have witnessed much change and rapid growth.
Viranda welcomes Chris Sheehy to the team
Viranda welcomes Chris Sheehy to the team. Chris brings seven years of property experience with him, along with a proven sales and negotiating acumen. Having spent five years in residential real estate, achieving at a high level, Chris then turned to body corporate management.
Crane Activity Continues to Soar
Soaring above the skyline is an unprecedented number of cranes across our major centres. According to a survey conducted by Rider Levett Bucknall (RLB) released in March 2019, there were 148 long-term cranes at work across NZ’s cities, compared to 140 at the last count in September 2018. Since the last audit, 58 of these cranes were positioned on new projects, with 50 cranes removed from those nearing completion.
Selecting approved contractors & the value of this robust process…
There is no question that commercial property ownership is considered a sound investment. Values increase over time, good returns are possible and rental yields can be lucrative. But what if something goes wrong with the building, are you in good shape?
Viranda’s Client Survey Ticked the Box for Many
In April, Viranda ran a successful questionnaire with its clients and subscriber base.
Refurbing for Rental Upside
Below is some key information around refurbishing your commercial property, why it might be a good idea, and how Viranda can assist.
ANNOUNCEMENTS! Capital Gains Tax off the Table // Phase 2 of Overseas Investment Act
Debated for years and just like that, axed! A lack of public support and non-consensus within Cabinet has seen Capital Gains Tax (CGT) wiped off the table.
A Review of the Markets - March 2019
With the first quarter behind us, we take the time to reflect on the commercial property market and provide a quick update for you.
Flexible Workplaces – No Waste of Space
Across the globe there is a rising demand for shared offices, known as the flexible space market. It’s good to share, right?
Jan is one of the longest-serving team members at Viranda. An experienced industry professional, she first joined the company in 2004 as an Executive Assistant for three years. After a stint away, Jan rejoined again in 2010.
Newmarket’s Living Centre on the Horizon…
Newmarket will soon offer the biggest shopping mall in New Zealand and one of the largest in the southern hemisphere. Of particular excitement is news of securing an anchor tenant, David Jones department store.
Brandon’s journey at Viranda
Brandon joined Viranda in August 2016 and has crammed a lot into this relatively short timeframe. As group projects manager, his role is constantly changing and inspiring. Throw study into the mix, and it’s not been without its challenges. We asked him for some thoughts about his journey to date:
Merry Christmas from Viranda
Season Greetings! In the busy lead up to Xmas, we take this chance to wish you a fantastic festive season and a safe and happy holiday ahead.
A Positive Culture at Viranda
With a Bachelor of Commerce and a typical Kiwi OE spirit, Peter set off on his travels in 2012. His adventures took him to San Diego, Vancouver and Melbourne, where he gained valuable work experience in real estate marketing and commercial tenant public relations.
A REVIEW OF THE MARKETS – November 2018
There has been plenty of media reports and general chat around Auckland’s housing market flattening, but commercial property continues to fire, with a strong spike in sales occurring in the past 12-months.
Overview of Viranda
Viranda Holdings act for a broad range of clients, and Mark and Oliver share more about the 3-key services offered in this quick overview.
Krispy Kreme hits Chancery Square!
Viranda’s work with Chancery Square in mid-town Auckland took another sweet turn recently when it welcomed high-profile brand, Krispy Kreme to the fold.
A New Lease of Life for the Gasometer Site
Just a short walk from Viranda’s office is Huron Street where a big change is unfolding. A large multi-level carpark is set to replace the old Gasometer site. Groundworks have begun, and timelines indicate an opening date of mid-2020.
History of Viranda
From Viranda’s inception 33 years ago, and the changing times of business, Founder and Chairman Andrew Guest reveals how technology, project management and a dedicated team has played a big part in the success story so far.
Viranda Appoints Oliver Wills as Director – Commercial Property
Viranda is pleased to announce the promotion of Oliver Wills to Director – Commercial Property.
Our Advice? You can Bank on it
The low interest rate story continues... Investor interest in commercial property remains attractive, and rightly so! These rates are appealing and show no rumour of increasing soon.
Leasing opportunities just a click away!
There is no reason why commercial property, technology, and good old-fashioned service can’t go hand in hand, and Viranda is delighted with the response to its recent launch of a Leasing Summary system.
The Changing Face of Retail
The way we shop has changed! Consumers are increasingly buying online. Retail property owners must adapt to create an experience that cannot be matched online. A good example is Viranda’s involvement with the rebrand and refurbishment of Chancery Square to create a vibrant village square. Find out more.
Northern Corridor Improvements Project
Viranda has held the same company address in Takapuna since the doors swung open in 1986. Our location sits within the scope of this significant project. Our team, and of course clients too, travel into Takapuna to work or meet with us, via a number of motorway links associated with the Northern Corridor Improvements project. We will watch with interest as the milestones are ticked off.
A Review of the Markets - May 2018
Strong demand for industrial and commercial property continues in Auckland and Viranda continues to see low stock pushing up rent and ensuring capital growth for clients.
Impact of Commercial Bay
Viranda will watch with interest as the $850 million Commercial Bay development opens on the Auckland waterfront next year. With 39-levels of office space, laneway-inspired shopping and dining, and easy access to a public transport hub, Commercial Bay looks set to redefine urban spaces.
New Legislation Takes Aim At Asbestos
With changes to The Health and Safety at Work (Asbestos) Regulations 2016 coming into effect in a matter of days (4th April 2018), commercial tenants, landlords and other...
Case Study: One Byron Ave, Takapuna
One Byron is an exciting commercial development in the heart of Takapuna. Sporting a refurbished interior and exterior, the building services a dynamic array of businesses...
The ‘Experience Economy’ is here to stay.
The ‘Experience Economy’ is here to stay. At Viranda, we are seeing a rapidly changing world and the impact has never been greater than for retailers - particularly traditional bricks and mortar retailers...