Press Release

Auckland’s Central Park hits the market as one of New Zealand’s largest commercial real estate deals for 2026

Auckland

February 23, 2026

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Media Contact

Dan Scott

Marketing and Pitch Director, New Zealand

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One of New Zealand’s premier business parks, Auckland’s Central Park, has been offered for sale.

Located at 660 Great South Road, Auckland, the 4.85 hectare land holding occupies a prominent position along Auckland’s Southern Corridor. The precinct comprises 12 office buildings encompassing around 47,000 sqm of net lettable area (NLA) and a WALE of 5.3 years.

The sale is being managed by CBRE’s Brent McGregor and John Holmes, and McVay Real Estate’s Sam McVay and Dan McVay via an International Expressions of Interest (EOI) campaign.

CBRE’s Brent McGregor adds that “The asset has a range of office space options built over 45 years appealing to a wide tenant audience ranging from SMEs through to NZX-listed entities and government departments.  The property is perfectly set to capitalise on the improving fundamentals in the New Zealand economy.”

Located 7km from the Auckland CBD, Central Park includes a diversified mix of more than 80 tenants, including KiwiRail, which opened its Auckland Operations Centre in the precinct in 2024, Mars, Bunnings, Sealord, CBRE and the New Zealand Electoral Commission. 

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Central Park, Auckland is offered for sale via an Expressions of Interest campaign.

Central Park, which has around 3,000 people onsite, includes a La Quinta Hotel and ‘The Green’, a new hospitality precinct featuring an array of food and beverage operators and integrated outdoor recreation spaces.

“The opportunity at Central Park lies in its ability to deliver stable income today, with the capacity for staged improvement and redevelopment as market conditions and tenant requirements evolve.” says CBRE’s John Holmes

McVay Real Estate’s Sam McVay said: “Central Park offers investors excellent net effective cashflow and an asset with significant development upside in one of Auckland’s most thriving business parks.”

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Central Park, Auckland is located at 660 Great South Road, Ellerslie

“With the Southern Motorway offering a direct connection to the Auckland CBD, the precinct is perfectly positioned to benefit from the city's infrastructure growth.”

Zoned as a “business park” under the Auckland Council Unitary Plan, the precinct has no gross floor area (GFA) cap and generous planning controls, enabling future redevelopment and expansion. 

The site has significant frontage to the southern motorway, is a short walk to Ellerslie Village and train station, and is adjacent to numerous bus services along Great South Road.

The Expressions of Interest (EOI) campaign closes at 4:00pm NZDT and 2:00pm AEDT Thursday, 19 March 2026.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.