Bayleys South Auckland Team Delivers Powerfully

Senior agents in Bayleys’ South Auckland industrial team have facilitated circa-$300 million in asset sales in recent months, underscoring the firm’s market leadership, broad national connectivity, and trusted client relationships.

Drawing on decades of combined industry experience, the leadership team delivered strong outcomes for private landlords, high‑net‑worth investors, institutional entities and owner‑occupiers, completing multiple transactions across the country in partnership with specialist regional brokers in the Bayleys network.

The deals were variously led by Bayleys South Auckland general manager Sunil Bhana and directors James Hill, James Valintine, Greg Hall and Paul Steele, working alongside Bayleys’ national industrial and logistics lead and Auckland general manager Scott Campbell.

The collaborative, regional, and multi-broker approach on each transaction reflected long‑standing vendor relationships and specialised knowledge, exemplifying Bayleys’ Altogether Better ethos by sharing expertise, working collectively, and seeing intricate deals through to completion, says Campbell.

“The team has gone from strength to strength, with the addition of Paul Steele last year further deepening our talent and expertise in the South Auckland market.

“Transactions in the $20 million-plus range are often complex, requiring carefully targeted marketing campaigns and strong client connectivity to reach the right buyer. In some cases, sales are structured off-market to manage commercial sensitivities.

“At its core, each transaction requires the right alignment of buyers and sellers, and our unmatched national reach allows us to cast a wide net among buyers to secure the strongest possible result.”

While some sales’ prices are confidential, recent industrial transactions included the sale of 149 Taurikura Drive, Tauriko for $24.3 million and Castle Rock Business Park in Christchurch for $61 million. The property at 4 Henderson Place, Penrose sold for $39.75 million; 21 Beach Road, Ōtāhuhu for $23 million; and 505–507 Mt Wellington Highway, Auckland for $36 million.

Bhana says transactions of this calibre leave nothing to chance and are far more than just transactional.

“These deals are often nuanced and built on trust and reputation. Our senior South Auckland team is consistently ranked among the top 10 percent of Bayleys brokers nationwide and has demonstrated its capability across multiple market cycles.

“We understand how to structure complex transactions and bring them to completion, underpinned by a deep understanding of market fundamentals and the long‑term investment advantages of the industrial sector.

“The recent results speak for themselves, with many of these major sales secured through repeat and referral business.”

Bhana says selling industrial assets also hinges on an ability to identify ways to unlock value through well‑considered strategies and informed insight.

“Our experience is underscored by adaptability and responding proactively to changing client and sector dynamics. We’re all driven by ambition and momentum, and recognise that the market rewards relevance.

“The team’s evolution reflects this, combining practical experience with strong, sector‑specific academic foundations across finance, valuation, and business to deliver future‑focused outcomes.

“Senior members of the team also actively mentor emerging brokers, leveraging proven track records and processes to set clear benchmarks for success.”

Bhana says owner-occupiers remain active in the current market, as demonstrated by the sale of the Henderson Place, Penrose property, while listed entities are actively recycling capital to drive value and support growth strategies.

“This is reflected in the sale of the two adjoining properties at 505–507 Mt Wellington Highway, with a combined landholding of approximately 13,800sqm. The purchaser was NZX-listed industrial specialist PFI, which already owns the neighbouring properties at 509 and 511 Mt Wellington Highway.

“Through this acquisition, PFI now controls more than three hectares of contiguous land fronting Mt Wellington Highway. In its market announcement, the company highlighted the strength of the existing tenant covenants alongside longer-term redevelopment potential.

“There’s solid depth of demand for secondary-grade assets, with purchasers looking through the current cycle and identifying opportunities to generate future value through repositioning or redevelopment.”