Han Soul Lee, Oyster’s Safety and Sustainability Manager on progressing Oyster’s sustainability credentials in the year ahead. A...

The past two years have tested resilience across the economy, but they’ve also revealed opportunities to innovate, optimise, and enhance...

Fabio Pagano, General Manager – Property, on leasing highlights, shifting dynamics, and market opportunities heading into 2025. New Zealand’s commercial leasing market remains subdued, with tenants carefully weighing up their next steps and many opting to stay put – for now. This is typical of property’s ‘late-cycle’ nature, where vacancy rates and rents typically take time to stabilise post-recession. However, green shoots are emerging. Across most asset classes, we see early signs of...

The new ASB lease at 33 Corinthian Drive is a major milestone for Oyster in 2024, marking the largest leasing deal by net lettable area in New Zealand to-date. Secured in a challenging market, this agreement highlights the enduring demand for premium, well-located assets, the importance of strong landlord-tenant relationships, and the value of future-fit properties in attracting long-term commitments. Strategic retention delivering long-term certainty In 2023, with its lease expiration...

Oyster Property Group has announced the appointment of Independent Director, Rachael Newsome, to its Board, further enhancing the firm’s...

Today marked a significant milestone for the growing Auckland region, with the blessing and opening of the Auckland Rail Operations Centre at Central Park. Delivered by KiwiRail and a joint venture between Oyster Property Group and KKR, the Auckland Rail Operations Centre will bring rail industry partners together to support the management of the growing rail network in Auckland. This critically important asset will safeguard KiwiRail’s operations and meet the needs of its people well into...

With a financial management and accounting career spanning more than two decades in the property industry, our CFO, Rachel Barr, has...

In June 2005, Oyster Property Group welcomed 60 Khyber Pass Road in Grafton, Auckland, into its expanding commercial property portfolio. It was ultimately sold recently, some 18 years later, and provides a good example of executing in a long-term commercial property investment strategy. During this time Oyster navigated challenges including the Global Financial Crisis, changing market dynamics and the COVID-19 pandemic to deliver strong returns to its investors. Oyster Chief Executive Mark...

Central Park, 660 Great South Road, is one of Auckland’s largest commercial business parks and is paving the way for the next generation of multi-use developments. Born through a successful capital partnership between Oyster Property Group and leading global investment firm Kohlberg Kravis Roberts (KKR) in 2017, the precinct occupies a prominent position in Auckland’s southern corridor. In 2021 Oyster and KKR expanded Central Park’s offering with the launch of The Green, an award-winning food...

Home Straight Park was already performing well for investors when the opportunity to acquire an additional asset in the business park presented itself. This presented a liquidity and reinvestment opportunity for Oyster, which led to the successful acquisition and fund restructure. Many investors from the original fund chose to grow their investment potential by reinvesting: a result that demonstrated their satisfaction with Oyster’s management approach. Investment highlights Fund restructured...

With economic uncertainty making an effective re-leasing strategy crucial, 2 Kitchener Street demonstrated Oyster’s active management strategy in action. Investment highlights Sold in 2018 after 10.75 years, delivering a total return of 109.7 per cent for investors Annual income returns of 5.6 per cent Annual total return of 10.2 per cent A lot to like With its CBD location, robust lease profile and attractive purchase price, 2 Kitchener Street aligned with Oyster’s strategy to acquire...

A strong performer in the Oyster portfolio for almost 14 years, 205 Great South Road, Greenlane, proved the benefits of long-term...