SALE PROCESS

CBRE and Bayleys are pleased to offer 131 Queen Street for sale by an International Expressions of Interest (‘EOI’) campaign closing 4pm (NZST), Tuesday 25th August 2020.

PLEASE ENSURE YOUR EOI CLEARLY STATES (AT A MINIMUM)

  • Price
  • Conditions (if any) and funding requirements
  • Process and timing of Due Diligence, Exchange and Settlement
  • Any other procedural matters, for example if Overseas Investment Office (OIO) approval is required
  • A Detailed EOI form is available in the Electronic Data Room (EDR)

DUE DILIGENCE INFORMATION
Access to the EDR is available to interested groups post execution of an Non Disclosure Agreement (NDA).

OVERSEAS INVESTMENT OFFICE
Overseas Persons who propose to acquire, or acquire control of ‘sensitive land’ and/or ‘significant business assets’ (as defined in the OIA) in New will need to apply to the Overseas Investment Office (OIO) for consent under the Overseas Investment Act (OIA). All Potential purchasers should seek their own specific advice as to their status under the OIA.

INSPECTIONS & ENQUIRIES
Inspections must be arranged via appointment and all enquiries must be directed to either the CBRE or Bayleys team.

CHANGES TO THE PROCESS
The Vendor reserves the right not to accept any offer and, without limitation, nor is the Vendor obliged to accept the offer with the highest consideration. The Vendor may, in its absolute discretion, suspend or vary the sale process, negotiate with any party who submits an EOI or with any other person, enter into a binding contract with any party at any time and/or, at any time prior to exchange of binding contracts, may withdraw the property from sale.

No person is entitled to any redress against the Vendor if the Vendor exercises such discretion. The Vendor is not responsible for any costs or expenses incurred by any party in preparing and lodging an EOI or in taking part in the above process, whether or not the party is successful or whether or not the Vendor terminates, varies or suspends the process or takes any action available to them. No offer will be deemed or regarded to be accepted, unless and until, a binding contract for sale is entered into by the Vendor with the relevant party.

BAYLEYS TEAM

LLOYD BUDD
+64 21 079 8789
lloyd.budd@bayleys.co.nz

RYAN JOHNSON
+64 21 622 278
ryan.johnson@bayleys.co.nz

CBRE TEAM

BRENT MCGREGOR
+64 21 870 508
brent.mcgregor@cbre.co.nz

WARREN HUTT
+64 27 562 2244
warren.hutt@cbre.co.nz

MARC GIUFFRIDA
+61 410 533 190
marc.giuffrida@cbre.com.au