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GECKO IN THE VILLAGE – GLENFIELD MALL
MERINO POSSUM LUSH COWL-NECK PONCHO Generous square poncho in a textured knit with cowl neck - easy, relaxed style and warmth. New Zealand possum fibre is the newest rare natural fibre in the world. It is one of the finest and softest fibres that nature produces, yet it has amazing wearing characteristics. Possum fibre is hollow, so this garment is very light, but extremely warm for its weight. Blending with Merino wool gives the possum fibre strength. Designed and made in New Zealand.
geckointhevillage.co.nz, 09 441 2255, Glenfield Mall Level 3
Breathe easy and beautify your home with kiwi-made Resene Zylone Sheen waterborne low sheen in your favourite Resene colours. It’s low odour, Environmental Choice and Sensitive Choice approved, making it ideal for a fresh new look on living room and bedroom walls.
1 Auburn St, Takapuna, 09 489 1540 2 Tawa Drive, Albany, 09 414 6500 8 Croftfield Lane, Wairau Park, 09 444 4387
FITZGERALDTAYLOR
Boutique stationer, home of a thoughtfully curated selection of fine stationery. Shop 2, 2 Queens Parade, Devonport fitzgeraldtaylor.co.nz
COSI FAN TUTTE
The effortlessly chic Nikita Dress is just one of several stunning items from the W22 Shanty Corporation collection now in store and online at Cosi Fan Tutte.
TANGO'S SHOES
NEW SEASON! Via Nova Danika. Indulge in our latest winter collections, filled with an abundance of colour and chic European styles to inspire your latest look for this season.
164 Kitchener Rd, Milford 09 488 0495
facebook instagram www.tangosshoes.nz
Layer up this winter with our luxe collection of soft cashmere throws, cosy wool blankets and lighter cotton layers. There’s a colour, texture and pattern for everyone. Come and have a play with our in-house styling service and select the right layer for you. Visit our flagship store.
POP ROC PARTIES
Save time and money and hire one of our Themed Partyboxes for your next party. We take care of all the little details so that you don’t have to! 9A Williamson Avenue, Belmont 021 535 976 www.poprocparties.co.nz
YARNTONS
Stockist of RM Williams boot range in a variety of styles & fits. Birkenhead, 18 Mokoia Rd, 09 418 4011 Devonport, 79 Victoria Rd, 09 445 3479 www.yarntons.co.nz
HEALTHY DOG AND CO
Shop winter in-store now jumpers, raincoats, and the most fluffy beds that will make your dog want to sleep through the rainy days!
SHORE PHOTOS AND GIFTS
Check out our other photo gifts at:
www.shorephotogifts.co.nz
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Lay Me Down makes beautiful tablescapes simple. From birthdays, to date nights, bridal showers, long lunches and more. Your tablescape rental is delivered to your door with everything you need to lay a perfectly curated table for you & your guests to enjoy. Rent. Set. Return.
www.laymedown.co.nz
instagram @laymedownltd
WALLACE COTTON
For a beautifully layered winter look, experience the sumptuous beauty and lustrous sheen of Moonlight velvets. Sink into the plush comfort of quilts, pillowcases and cushions, made from pure cotton velvet and designed in a range of colours to effortlessly coordinate with all bedding.
SPERO CLOTHING & FOOTWEAR
TO ALL A GOODNIGHT Curate by Trelise Cooper - Winter 22.
FLORIENNE
Winter is for New Zealand grown
Cymbidiums, now is the time to enjoy them in a range of colours, like these long lasting chocolate beauties.
Simply the best.
MASSAGE LINK
Did you know that regular foot massage can help to improve circulation, stimulates muscle activity and reduces tension? Come to visit us to get those feet relaxed!
46 Clyde Road, Browns Bay 09 218 9839 massagelink.nz@gmail.com
facebook massage link (browns bay) instagram @massage_link
Property investment risk versus reward…
As I recover from Covid I am writing this next article while listening to a webinar by a UK institutional company sharing their view on the 2022 outlook. Participants were asked to vote on the drivers they saw to performance in 2022, and Covid scored a mere 2%. The two top scores were inflation and geopolitics, which I believe is an expected response from a region that is experiencing rounds two and three of Covid as many of the G20 markets move forward in a post-Covid environment.
The Russian invasion of Ukraine, high inflation and corresponding interest rates, the fall of crypto currency and the drop in global share markets would indicate that an economic contraction of sorts is around the corner. Economic and financial decoupling with Russia and the imposed sanctions have seen countries around the world find ways to rely less on Russia for materials and energy supplies.
In March, Shanghai responded with a zero tolerance approach to Covid when the population of 26 million went into lockdown. This has put further pressure on supply chains and pricing for materials and products imported into New Zealand. It is no surprise that the cost of living has increased for energy and food; both are essential for consumers.
Lara Weaver.
As we navigate these uncertain times, we need to consider the risk of real estate investment versus the reward. The industrial sector for quality stock shows no sign of abating and goes from strength to strength.
As we navigate these uncertain times, we need to consider the risk of real estate investment versus the reward. Investing in resilient sectors is on the mind of many investors. Essential services such as medical, healthcare and grocery have proven to be resilient, together with industries supported by government subsidies, such as childcare centres. This government support provides additional appeal for investors. Typically, leases are in excess of 10+ years, with regular rent review cycles to maintain rental growth and investment performance. These types of properties provide enhanced rental certainty and are resilient in uncertain times.
Supermarkets provide an essential service and their attractiveness as an investment remains robust. The challenge is to ensure rental growth during the term of the lease. Many supermarket leases are on a base rent subject to a turnover top-up. To receive the turnover rent top-up, a turnover threshold is set out in the lease. It is therefore important to understand the turnover performance of a supermarket and whether rental growth can be anticipated.
The industrial sector for quality stock shows no sign of abating and goes from strength to strength. Investment yields for prime industrial space are being maintained between 3.75% and 4.5%. With many industries choosing to address the supply chain issues by holding more stock, industrial vacancy rates across Auckland are sitting below 2% with strong demand from occupiers requiring additional space for growth. Due to industrial supply constraints and a lack of stock coming to the market, rents continue to soar due to lack of supply. This is assisted by consumers' growing appetite for online shopping as the virtual experience improves and the transaction becomes more seamless, which increases the requirement for retailers to have more warehousing space. Occupiers are renewing or extending their current leases and in some cases finding additional warehousing close by to meet their requirements.
Offices certainly have a future, but we are in a transitional period as companies respond to their company space needs by reviewing their requirements going forward. For many companies the response has been hot desking; you don’t have a permanent desk and there is additional collaborative space including breakout areas for employees to be creative, knowledge share and grow talent. Employers are challenged to ensure their employees are motivated to return to the office and leave the comfort of their homes. For many companies this means employees are returning to the office two to three days a week. We will continue to invest in quality office buildings, occupied by strong covenants which are well located close to transport links and amenities.
We are on the search for our next resilient property investment. The hike in interest rates and strong yields make our thorough due diligence process to identify a new property more challenging. We believe in the process and the right property will be identified soon. Watch this space!
