Investore buys New Lynn Bunnings site for $43 million

Bunnings is well established in the Auckland market. (Image: Supplied)

Fri, 27 Jun 2025

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m building fully leased to Bunnings with a weighted average lease term of seven years and an initial yield of 6.1%."The lease also has the benefit of a structured rental growth profile, making it an attractive addition to the Investore portfolio," Investore sa...

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