New Zealand rents tokyos new home for €1.4m

New Zealand has signed a deal with a company to build a new property in Auckland’s north-east, a deal that is expected to fetch more than €1 million.

According to local media, the Auckland City Council signed off on the project last month, but has now approved the deal with The Real Estate Board of New Zealand (REBNZ).

The new building will be built on the site of the former home of the British Columbia-based real estate firm Hargreaves Lansdown.

The property will have an annual rent of €1,547,000 and a total of 3,000 units.

The site of Hargres Lansdown in the northern Auckland suburb of Northport was previously owned by the estate agency Hargrans Lansdown, which had been in decline since the mid-1980s.

The company was purchased by a Chinese company in 2003, and is now based in Beijing.

It was acquired by Reebok in 2010, and the company is now the world’s biggest footwear company, with sales of €3.8 trillion.

A spokeswoman for the council said the approval was “an historic moment for our city and the region”.

“It will bring new life to the community and will support the local economy,” she said.