Ross Stanway - CEO Realty Services
	Click to view Bayleys property listings.

For those of you that follow the commercial real estate market you would have seen the great opportunity that was and is on offer at one of our most popular shopping destinations in Tauranga, Fraser Cove. Eight properties were on offer with four selling under the hammer with the balance still available or under negotiation.

Fraser Cove has been a huge success for owners New Zealand Retail Property Group (NZRPG). Fraser Cove is quite unique because it is predominately large-format retail. Tenants include The Warehouse, Countdown, Kathmandu, Repco, Postie Plus, Burger King and United Video to name a few. NZRPG will retain majority ownership and will continue to manage the shopping centre in order to maintain its diversity, high caliber retailers and to ensure that the shopping centre remains a premier shopping destination.
TV3 also featured the auction on Campbell Live. You can view this video on their website under News.
Good news for Tauranga and a great opportunity for commercial property investors.