New Zealand Transaction Monitor Q3 2026

KEY MARKET INSIGHTS

• The New Zealand investment market remained robust during H1 2026. The total 
  value of investment transactions reached $2.02 billion, similar to the first half of 
  last year. In terms of the number of sales, the H1 figure was around 19% lower, 
  indicating higher average transaction sizes. For transactions above $20 million, 
  the total transaction volume reached $1.51 billion during H1, up 8% compared to 
  H1 2025, with a similar number of sales to that period.
• The office sector regained the top position for transaction volume for the first 
  time since H1 2023, driven by seven sales, including two transactions exceeding 
  $200 million in Auckland Central (PwC Centre and ASB North Wharf). Both of 
  these major transactions involved joint ventures between a local listed company 
  and overseas investors.
• Overseas purchasers remained active, participating in transactions worth $1,048 
  million for deals above $20 million, the largest half-year total since H1 2018. The 
  first half of this year marked a return of liquidity for transactions of scale through 
  overseas investors, including new and returning overseas private investment 
  groups and institutional participants looking to expand their portfolios.
• Non listed managed funds lead purchasers, accounting for 57% of transactions 
  above $20 million in H1. Syndicates and institutional investors remain the leading 
  cumulative net investors in assets above $20 million, with institutions now having 
  caught up to syndicates, both at $3.6 billion since 2008.