Article
Business Insights | Cornering opportunity: Pre-auction success opposite Te Kaha One NZ Stadium
Christchurch
October 24, 2025
Media Contact
Dan Scott
Marketing and Pitch Director, New Zealand
In a precinct defined by regeneration and rising investor confidence, CBRE Christchurch’s Paul Brown and Chengyang Zhang from the Metropolitan Investment Sales team have delivered a standout result, transacting a mixed-use commercial property comprising three freehold titles at 280/282 Cashel Street and 236 Barbadoes Street in quick succession. Positioned directly opposite the soon-to-open Te Kaha, One New Zealand Stadium, the site offered a rare combination of profile, flexibility, and future upside.
The property included a modern office building with 13 on-site car parks and an adjoining 1970’s building with showroom and office potential. Zoned Central City Mixed Use (CCMU), the site supports a wide range of uses; retail, hospitality, residential, and commercial broadening its appeal to a diverse buyer pool.
CBRE ran a comprehensive campaign for the property, scheduled to go under the hammer on 23 October 2025, leveraging sponsored digital marketing, signage, database outreach, and social media. The campaign generated strong interest in excess of 150 enquiries. Social media marketing proved especially effective in driving engagement.
The buyer moved decisively and secured the property with an unconditional pre-auction offer that exceeded vendor expectations. The sale reflects broader market trends: increased investor appetite, falling interest rates, and the transformative impact of Te Kaha, One New Zealand Stadium on surrounding property values.
“This result highlights the strength of the stadium precinct and the value of a well-executed auction campaign,” said Paul Brown, Associate Director at CBRE Christchurch. “The urgency created by the auction process encouraged the buyer to move quickly and decisively.”
As Christchurch’s central city continues to expand and regenerate, this transaction underscores the growing appeal of versatile, well-located assets. CBRE’s strategic marketing and deep local insight once again delivered exceptional results for its client.
The property included a modern office building with 13 on-site car parks and an adjoining 1970’s building with showroom and office potential. Zoned Central City Mixed Use (CCMU), the site supports a wide range of uses; retail, hospitality, residential, and commercial broadening its appeal to a diverse buyer pool.
CBRE ran a comprehensive campaign for the property, scheduled to go under the hammer on 23 October 2025, leveraging sponsored digital marketing, signage, database outreach, and social media. The campaign generated strong interest in excess of 150 enquiries. Social media marketing proved especially effective in driving engagement.
The buyer moved decisively and secured the property with an unconditional pre-auction offer that exceeded vendor expectations. The sale reflects broader market trends: increased investor appetite, falling interest rates, and the transformative impact of Te Kaha, One New Zealand Stadium on surrounding property values.
“This result highlights the strength of the stadium precinct and the value of a well-executed auction campaign,” said Paul Brown, Associate Director at CBRE Christchurch. “The urgency created by the auction process encouraged the buyer to move quickly and decisively.”
As Christchurch’s central city continues to expand and regenerate, this transaction underscores the growing appeal of versatile, well-located assets. CBRE’s strategic marketing and deep local insight once again delivered exceptional results for its client.