Inspect Edition 1 2022

Page 1

Industrial & Logistics Issue 01 | 2022

An unintended consequence of excellence: Fisher & Paykel Healthcare’s Daniell Building

The continued thirst for industrial product in Wigram/Sockburn

Auckland and Christchurch market rentals and vacancy rates

CLICK THROUGH

The race for space in West Auckland


Contents | IN––––SPECT

01

From the Editor

10

An unintended consequence of excellence

22

In-market West Auckland

26

Auckland market rentals and vacancy

37

In-market Sockburn/Wigram

38

Christchurch market rentals and vacancy


Letter from the Editor Welcome to our first edition of Inspect for 2022.

With Just-in-Time inventory management shifting to JustIn-Case for many occupiers, the demand for warehouse footprint has remained strong since the high level of activity in 2021. However, the positive demand and enquiry needs to navigate the lack of available solutions and the inflationary challenges impacting market rental levels. Vacancy has never been so low and this edition provides an update on where we are seeing rentals for the warehouse component across all grades, and where the results from our research team’s vacancy survey landed in January. Our team provide a snapshot of the West Auckland market, as well as an overview of the tightening inner West of Christchurch. We speak to Tom Locke, Principal and Senior Architect at Warren and Mahoney and Dale Anthony, Infrastructure Development Manager for Fisher & Paykel Healthcare, who provide insight into how they were bestowed the PCNZ Industrial Award for the Daniell Building. In the environment of 2022, it has never been more important to incorporate lessons learned to ensure leading facilities are developed for the future and suitability for the occupier is at the core of a successful outcome. The team is ready to support you with your next property solution and we look forward to working with you in 2022.

Claus Brewer National Director Industrial & Logistics

Industrial & Logistics | 1


Freight Hub, Wiri Station Road Wiri

South Auckland freight hub Located within Ports of Auckland’s South Auckland Freight Hub in Wiri, this 3,534sqm warehouse is an A-Grade cross dock solution for any occupier handling fast-moving consumer goods. The facility has direct access to rail operations with regular movements from Ports of Auckland. With well balanced amenity on site and a large hardstand area for operational efficiency, this property will not be available for long.

Key Property Information Area Type

Area Size

Warehouse

3,534sqm

Office

163sqm

Hardstand/Yard

1,219sqm

Car Parks

15

Available June 2022 (flexibility in occupation timelines) Fully sprinklered Clean, modern and well-maintained facility

www.cbre.co.nz/189954303Q4 2 | IN––––SPECT

Paul Steele

Claus Brewer

021 494 111 paul.steele@cbre.co.nz

021 656 650 claus.brewer@cbre.co.nz


A & B, 147 Kirkbride Road Māngere

Value location & quality The 147 Kirkbride Road development is located in close proximity to major arterials, in an area that benefits from a diverse mixture of national and international industrial tenants, together with an ever increasing commercial, retail and hospitality presence. This facility will benefit from a host of sustainability led features such as; rain water harvesting, solar panels and battery storage, EV charging, LED lighting, use of recycled materials and will get its power supply from a provider that generates 100% renewable energy. Take advantage of being positioned at the northern end of the Māngere/Airport Oaks industrial precinct, which has exposure to the large local residential catchment, has ease of access to the facilities during peak hours and benefits from great public transport links.

Key Property Information: Building A Area Type

Area Size

Warehouse

10,805sqm

Office

360sqm

Canopy

3,100sqm

Yard

1,500sqm

Key Property Information: Building B

Claus Brewer

Alex Divers

021 656 650 claus.brewer@cbre.co.nz

021 715 385 alex.divers@cbre.co.nz

Area Type

Area Size

Warehouse

9,260sqm

Office

360sqm

Canopy

1,870sqm

Yard

1,500sqm

www.cbre.co.nz/196665011Q4 Industrial & Logistics | 3


16 Rupeke Place Henderson

15,000sqm yard offering flexibility Located in Henderson Valley in a well established industrial hub. This site is positioned at the end of the cul-de-sac with easy access through a wide driveway. This yard is metalled, fenced and gated and is available now. There is also a possibility here for design and build lease options and to have the yard split into smaller segments.

Area Type

Area Size

Land

15,000sqm

Luke Goldstone

Luke McGill

021 147 7400 luke.goldstone@cbre.co.nz

021 0220 8889 luke.mcgill@cbre.co.nz www.cbre.co.nz/199063752Q3

40 Leon Leicester Avenue Mount Wellington

Last mile to delivery location 40 Leon Leicester Avenue is a strategically located turnkey opportunity for sale or lease. The property’s proximity to the CBD offers occupiers unrivalled last mile delivery advantage. Industrial sites of this size and calibre are becoming increasingly scarce as the city moves further south.

www.cbre.co.nz/20022720Q2 4 | IN––––SPECT

Area Type

Area Size

Warehouse

10,000sqm +/-

Office

500sqm +/-

Yard

4,000sqm +/-

Stud Height

13 metres +

Chad Greer

Alex Hopkinson

022 650 8044 chad.greer@cbre.co.nz

021 071 5244 alex.hopkinson@cbre.co.nz


40 Jomac Place Avondale

Avondale industrial HQ This first class industrial HQ spanning 5,000sqm is now under construction in Avondale and will be completed by May 2022. A large canopy will adjoin the north facing side of the warehouse providing a protected loading area. There is substantial truck access and ample yard space providing plenty of room for container devanning. A well appointed office and amenity area spread over two levels adjoins the warehouse and provides a stunning outlook across the city fringe. In this tightly held market, properties of this kind are incredibly rare.

Key Property Information

Luke McGill

Alex Divers

021 0220 8889 luke.mcgill@cbre.co.nz

021 715 385 alex.divers@cbre.co.nz

Area Type

Area Size

Warehouse

5,000sqm

Office

595sqm

Canopy

915sqm

Yard

1,685sqm

Stud Height

13 metres

www.cbre.co.nz/21182488Q2 Industrial & Logistics | 5


34 Airpark Drive Māngere

Brand new with great exposure On offer to lease is this brand new A-Grade 13 metre plus stud warehouse, with open plan office and amenities. With over 80 metres of George Bolt Memorial Drive exposure this property will be passed by over 40,000 cars per day. The property benefits from its close proximity to the inland port, air freight and highways. Due for completion in early 2023 and ready now for you to secure the last remaining industrial site with scale, for lease with George Bolt Memorial frontage.

Key Property Information Area Type

Area Size

Warehouse

5,117sqm

Office

400sqm

Canopy

600sqm

Yard

2,442sqm

Brand new A-grade warehouse

George Bolt Memorial Drive frontage

Light Industry Zoning

www.cbre.co.nz/186230122Q4 6 | IN––––SPECT

Alex Divers

Claus Brewer

021 715 385 alex.divers@cbre.co.nz

021 656 650 claus.brewer@cbre.co.nz


9 Pacific Rise Mount Wellington

Value, location & quality This property is a mixed-use opportunity providing high quality office and showroom space as well as a modern warehouse with full height glazing offering excellent natural light. If you’re looking for an opportunity in the city fringe, this option cannot be overlooked.

Area Type

Area Size

Eastern Warehouse

590sqm

Northern Warehouse

207sqm

Office

826sqm

Showroom

382sqm

Car Parks

50

Chad Greer

Alex Hopkinson

022 650 8044 chad.greer@cbre.co.nz

021 071 5244 alex.hopkinson@cbre.co.nz

www.cbre.co.nz/SAK1000059

111A Kerwyn Avenue East Tāmaki

High quality warehousing in East Tāmaki 111A Kerwyn Avenue is a high quality warehouse and office unit within Highbrook Business Park, boasting high stud warehouse and 29 on-site car parks. This property offers profile in a key location and is available for occupation from July 2022.

Area Type

Area Size

Warehouse

1,673sqm

Office

299sqm

Canopy

148sqm

Warehouse Office

226sqm

Mezzanine

128sqm

Lewis Watson

Vinay Patel

021 845 484 lewis.watson@cbre.co.nz

021 382 525 vinay.patel@cbre.co.nz

www.cbre.co.nz/SAK100067 Industrial & Logistics | 7


Prime rail, air & motorway hub 259 James Fletcher Drive Otahuhu The LOGOS Otahuhu Logistics Estate is strategically located within the established industrial precinct of Otahuhu. The location offers logistical advantages due to its close proximity to rail and motorway networks for ease of access to sea and inland ports as well as Auckland International Airport and the CBD. This high-spec warehouse is currently under construction due for completion Q2 ready for your business to join the prominent neighbouring companies such as Toll, Pacific Steel, Online Distribution, Steel Tube, NCI, General Motors and Mainfreight.

Claus Brewer

Chad Greer

021 656 650 claus.brewer@cbre.co.nz

022 650 8044 chad.greer@cbre.co.nz www.cbre.co.nz/20122708Q2

8 | IN––––SPECT

Key Property Information Area Type

Area Size

Warehouse

20,400sqm

Office

1,200sqm

Canopy

4,557sqm

Yard

8,399sqm


Lot 4

“High spec warehouse available Q2 2022”

Auckland CBD

Otahuhu Logistic

Southern Motorway

Prime Central location

Metro Port

Por 16

Office over two levels

Railway

Newm

Henderson Mount Albert

Mainfreight Transport L’Oreal

Great access to SH1 and SH20 New Lynn

Pacific Wire

Kaka Street

NZ Chemical Care

20

Mount Roskill

O

Tanker Engeneering

James Fletcher Drive Waitakere Ranges Regional Park

Pacific Steel NZ

Stud height of 13.4 metres to the knee

Puketutu Island

Sims Metal

Otahuhu Logistic Estate

Auckland Airport Steel & Tube

Savill Drive

Industrial & Logistics | 9


An unintended consequence of excellence

In this follow up article to Transforming industrial sheds into award winning projects, we speak to Tom Locke, Principal and Senior Architect at Warren and Mahoney and Dale Anthony, Infrastructure Development Manager for Fisher & Paykel Healthcare who enthusiastically shared their experience, lessons learned and the successes that helped them achieve the PCNZ Industrial Award. They share their drive for excellence through design, and how together they continue to innovate and deliver not only this outstanding award winning project, but a collaborative, forward thinking approach that has them enthused and working on the next challenge already.

10 | IN––––SPECT


building, the first on our campus, which was focused on manufacturing. This drove the desire to bring manufacturing into the core of the Daniell Building, designing and connecting all other areas of the floorplan around this central focus.”

Evolution not revolution

A really unique work environment which connects everyone to what and why you are there.

A focus on manufacturing as a core As a leading designer, manufacturer and marketer of healthcare products and systems Fisher & Paykel Healthcare are about looking after the needs of people. This core focus is wholly reflected in how they imagine workspaces to realise their team’s full potential. Situated on a 100 acre campus within East Tamaki, Fisher & Paykel Healthcare’s reach isn’t small. They boast 140,000sqm of built asset within New Zealand, another 60-70,000sqm in Mexico and sales offices across the globe. Developing a new building approximately every five years has provided the opportunity to continually evolve and create.

Knowing they required a 35,000sqm building to house 700 people, manufacturing and a distribution space, there were high-level spatial requirements but the rest was a moving target. “We didn’t know what we would be manufacturing within the building when we began developing,” says Anthony. “We didn’t know what type of equipment, machinery, loading we needed, so this created some challenges for the design team but they were flexible in seeking the right solution.” The process undertaken was a philosophy of continual improvement, and this made up part of the brief when thinking about design. Locke states: “We looked to take the best bits from the older buildings, what worked well, what hadn’t, lessons learned and incorporate the strong internal culture of Fisher & Paykel Healthcare into the final product.” Anthony adds: “Some of these lessons were operational, including movement of goods and people. Additionally there were facilities driven lessons learned from understanding the old generation of buildings. After 20 years, some were starting to show their age and highlighted how we needed to future proof the developing campus and incorporate sustainability going forward. Fundamentally, the building needed to deliver on the same purpose - a focus on manufacturing products across multiple buildings, different work streams in Research & Development and the space to house and support people in the work they do.” All the research helped design a space that supported staff and connected them to the manufacturing part of the business, the campus, environment and landscape. It has created an internal work space that opens up to natural light, offering deeper and wider floor plates with everything across one floor and has made all areas and levels of the business accessible.

In 2015 when Dale Anthony joined Fisher & Paykel Healthcare, he looked for an architect that would work alongside their business, understanding their values, needs and the unique way the organisation continued to grow. “Tom and the team from Warren and Mahoney immediately shared our vision and understood our business’ direction, innovating and working to deliver on our sometimes fluid requirements.” Anthony continues: “The vision of this building was returning to our roots. We revisited the O’Hare

Tom Locke Warren and Mahoney

Dale Anthony Fisher & Paykel Healthcare

Industrial & Logistics | 11


“It was a ‘back to the future’ move – ensuring that you had visibility through the building.” Anthony says. “I can sit at my desk at one end of the building and see all the way through with manufacturing on one side and R&D on the other. Manufacturing is ever present in the office; it’s a really unique work environment which connects everyone to what and why you are there. “O’Hare had the connection to manufacturing, but you can feel isolated in the office pods and it is hard to move around. For the Daniell Building, Tom’s team managed to deliver inter-office connectivity and create a core hub in the office space, providing a focal meeting point and an area to make connections and spark ideas. Our aim was to connect people from all different aspects of the business and this drove design decisions all the way through the process.”

The proof is in the pudding Even though the Daniell Building is an award-winning example of excellence, there’s always an opportunity to learn and improve for the next project. Locke says, “We know for the next building we need to focus on the design at the entrance and sequence. With the Daniell Building all staff and visitors come through the main reception entranceway which was driven by the idea of creating more space to mingle and connect no matter what part of the business you were in. This had the unintended consequence of the doors to reception often being open and an environment that is harder to maintain.

12 | IN––––SPECT

The building has brought everyone together, on one level with no hierarchy which speaks to Fisher & Paykel Healthcare’s culture – it’s what has helped make them successful.


“We definitely improved on other parts of previous buildings including acoustic issues which often disrupted work and R&D areas. In the Daniell Building we got this right, providing good spaces for privacy without the worry about breakout noise. “The connection to manufacturing has been massive – it’s one of the major changes within this building where the lab space is more visible from general areas, so team members and visitors can often see some of the exciting work happening within the manufacturing or R&D space. This was a real driver for the CEO who wanted everyone to have access to this view as a reminder of the work they were achieving. The building has brought everyone together, on one level with no hierarchy which speaks to Fisher & Paykel Healthcare’s culture – it’s what has helped make them successful. “The added efficiency of having manufacturing in the centre of our building is that the whole team is in one place. If there is an issue with a product or process, the team is literally sitting right behind them and able to provide a solution and roll it out. If we had the design team in one country and manufacturing in another it takes time to resolve problems. This improves business outputs and delivers great outcomes.“

Revisiting our identified four themes In our article: Transforming industrial sheds into award winning projects, the industrial judges outlined four key themes: scale, efficiency, culture and collaboration. We posed these to Anthony and Locke asking what influence they had on the delivery of the Daniell Building. Locke says scale and efficiency went hand in hand. “The design had to be efficient and have scale as we were designing the building for a product that hadn’t been manufactured yet. It deliberately allowed us to be flexible, efficient and adaptable. It was such a huge scale, we sought to design half a building and then flip it. Different functional requirements meant we weren’t entirely able to do this but we worked had to maximise the repetition of elements. We achieved excellent quality through scale by creating a modular type design, working incredibly closely with Leighs Construction on the first section, making sure it was of excellent quality and finalising it together. We then left them to replicate this another five times to make up the building.” Anthony highlights that culture is incredibly important and strong at Fisher & Paykel Healthcare. “We are focused on people and creating a space

Industrial & Logistics | 13


Overall it was an incredible achievement; we delivered on programme and slightly under budget even with the unexpected COVID-19 delay.

that brings out the best in everyone. The Daniell Building allows them to be efficient and effective but we also wanted them to enjoy coming to work. “While many organisations are struggling to attract their teams back into the workplace, we’re providing a space that is focused on our people’s health, wellbeing and providing confidence in a work setting for an essential business.” The other interesting outcome from this development was the intense collaboration of the delivery team, which enabled Anthony to continually provide a source of truth for key stakeholders and the Board. It created a highly unusual situation where all consultants worked off a digital platform, sharing information and designs that were open to discussion, critique and review. The transparent approach and seamless communication ensured everyone was on the journey together. Locke says, “We only had a year to define and finalise the design so it sparked the discussion on how we could do this better and make sure the process was really transparent and accessible.” Anthony is passionate about this topic: “I think collaboration is a word that is used often but rarely done well. Our entire delivery team worked in a highly collaborative, high-trust environment. We shared models freely within the consultant teams and our Fisher & Paykel Healthcare project team provided a daily update on progress. It created an underlying efficiency as no one wanted to let the team down, but also a strong delivery team culture as we all worked incredibly close to achieve an outstanding result. We used a digital igloo to provide a 360 view of what the Daniell Building was going to look like; this was incredibly engaging

14 | IN––––SPECT

and people started to take ownership of their space. Overall it was an incredible achievement; we delivered on programme and slightly under budget even with the unexpected COVID-19 delay.” One telling element is that the delivery team continues to work together as they commence another five projects, encapsulating all lessons learned, more sustainable initiatives and continue their incredible collaborative approach.

So what does winning the PCNZ Industrial Excellence Award mean for this incredibly connected delivery team? Anthony had attended the awards back in 2015 and was blown away by the size and scale of the industry and quality of who was being awarded. “It inspired me both professionally and personally to one day achieve a project that would reach these heights. These types of projects take their toll on people, there’s a lot of pressure without adding lockdowns into the process. Being awarded this has really highlighted that everything we did, the effort we made and the decisions that drove the final outcome were worth it.” For Locke and the Warren and Mahoney team, “It was a huge thrill and something we had as a goal throughout the whole project process. It was a very satisfying way to put an exclamation mark on the overall achievement of finishing this complex building.” �


Is the right location critical for your business’s success? Our Supply Chain Advisory specialists provide occupiers with the most effective supply chain strategies for their business. With services including supply chain strategy, network design, outsourcing and 3PL selection, facility design and operations optimisation, we can deliver solutions that meet both your business’s current and future operational needs. Get in touch today to find out how we can create efficiencies in your supply chain.

www.cbre.co.nz Industrial & Logistics | 15


Access

Location, flexibility, design

Nestle Frucor Suntory

Wiri Logistics E

South-Western Motorway

Main Trunk Line

16

N

Henderson

Roscommon Road

Inland Port

Mount Albert

Polarcold New Lynn

20

Mount Roskill

Wiri Station Road

Wiri Logistics Estate

Fuso

Waitakere Ranges Regional Park

Puketutu Island

Orora Group

Auckland Airpor

Wiri Logistics Estate Wiri

Visy

7

This opportunity is located at Auckland’s logistics and distribution epicentre with the Southern-Western Motorway and Roscommon Road intersecting direct road access to estate. Take advantage of the neighbouring Wiri Inland Port which offers container storage and truck shuttle services to and from the Inland Port and seaports avoiding congestion and delays. Join NZ Post, Woolworths, Hilton Foods, Martin Brower, Synnex and Kiwi Logistics in this market-leading estate. Options to have a single or two warehouses designed and built in circa 18 months on the last remaining lot within the LOGOS Wiri Logistics Estate.

Claus Brewer

Paul Steele

021 656 650 claus.brewer@cbre.co.nz

021 494 111 paul.steele@cbre.co.nz www.cbre.co.nz/19300031Q3

16 | IN––––SPECT

Key Property Information: Design & Build Area Type

Area Size

Site

41,781sqm

Warehouse options

9,000sqm 25,000sqm


“Design & build options available from 9,000sqm to 25,000sqm”

Prime Wiri location

Flexible options available on request

Wiri Logistics Estate

Unprecedented location to main arterial routes

Wiri Inland Port

700m

Ready for occupation in circa 18 months

Industrial & Logistics | 17


High profile logistics facilities

Key Property Information: JG1 Area Type

Area Size

Warehouse

6,984sqm

Office

400sqm

Canopy

1,803sqm

Yard

1,101sqm

Car Parks

50

JG1 & JG2, 9 Jerry Green Street Wiri With market-leading stud height JG1 and JG2 provide excellent cubic efficiency but also excellent profile to SH20, showcasing your brand to the marketplace. The two facilities have been designed for logistics with full drive-around and multiple areas for all-weather loading via canopy and breezeway provisions. JG2 offers access to three elevations perfect for FMCG throughput. These two warehouses have immediate access to SH20 and SH1, providing exceptional distribution links to Auckland’s main arterial routes, Auckland Airport and the Inland Port and Port network.

Claus Brewer

Paul Steele

021 656 650 claus.brewer@cbre.co.nz

021 494 111 paul.steele@cbre.co.nz www.cbre.co.nz/SAK100001

18 | IN––––SPECT

Key Property Information: JG2 Area Type

Area Size

Warehouse

11,001sqm

Office

500sqm

Canopy

2,155sqm

Yard

4,022sqm

Car Parks

72


“High quality consented industrial warehouses” Close proximity to SH20 and Auckland Airport

Drive around access

Brand new build due December 2022 Clearance at the knee of: JG1: 13.09m | JG2: 12.38m and 16.75m to the ridge

Industrial & Logistics | 19


Efficiency & flow

Key Property Information: PD1 Area Type

Area Size

Warehouse

8,290sqm

Office

420sqm

Canopy

1,692sqm

Yard

2,565sqm

Car Parks

50

PD1 & PD2, 90 Pavilion Drive Airpark, Māngere 90 Pavilion Drive has been planned and designed to allow for truck flows and functional logistics, manufacturing and warehousing. Thought has been given to appropriate office to warehouses ratios and leading design to ensure maximum cubic capacity and operational efficiency and flow. The facilities are in a sought after Airpark location with proximity to Auckland Airport and key arterial routes. These high spec buildings that are targeting a Greenstar NZ rating will be ready for occupation in early 2023, and the owner (Fernbook) is engaging with occupiers now.

Claus Brewer

Alex Divers

021 656 650 claus.brewer@cbre.co.nz

021 715 385 alex.divers@cbre.co.nz www.cbre.co.nz/SAK100003

20 | IN––––SPECT

Key Property Information: PD2 Area Type

Area Size

Warehouse

5,200sqm

Office

317sqm

Canopy

899sqm

Yard

1,840sqm

Car Parks

36


“High quality consented industrial warehouses” Close proximity to SH20 and Auckland Airport

Drive around access

Brand new build due early 2023 Clearance at the knee of: PD1: 12.68m | PD2: 13.385m and 16.75m to the ridge

Industrial & Logistics | 21


In Market

West Auckland

West Auckland industrial property has continued to see low vacancy rates across all A, B and C grade facilities with overall vacancy sitting at approximately 0.8% Auckland wide. Vacancy rates are contributing to strong leasing terms being achieved. In the last 12 months alone, we have seen rentals for A grade facilities rise 8.8% and rentals for B grade facilities rise 7.9%. It is forecasted that the geography will experience a nominal increase in vacancy rates in the latter half of 2022. Leasing values are expected to increase as we progress through the year so securing a footprint now will have its advantages. Sale values are achieving consistent values as seen in 2021, however rising interest rates and other global macro economic factors may eventuate in a slight shift. However, demand is still very strong from occupiers and investors.

site over the coming months before offering it for lease in Q4 2022 and we are currently closing out the lease of Building B at 439 Rosebank Road, Avondale (circa 4,000sqm) to a leading multinational.

Tenants need to plan further in advance 12-18 months in advance is advised especially if you are seeking 1,000sqm+ warehousing and be prepared to act quickly in a competitive market. With a surplus of quality tenants with strong covenants searching for space, those who meet terms first will be the party to secure the space.

Buyers need to relay their specific requirements

We recently sold 1-4 & 2 Patiki Road, Avondale. The two titles totalled over 46,000sqm of land, which was acquired by Stride Property Limited. The site which has been the home of The Valspar (New Zealand) Corporation will eventually make way for a new 18,000sqm plus development. It is expected to be completed in the latter half of 2024.

There are many off-market sales and if you remain close you will get the heads up before the open market. Have your finances ready and sharpen your tools; despite rising interest rates there is still large appetite from both investors and owner occupiers for industrial stock.

We have just concluded the recent sale of 88-90 Henderson Valley Road, Henderson (circa 4,500sqm) for $14.2mil, with the new owners opting to refurbish the

Luke Goldstone

22 | IN––––SPECT

021 147 7400 luke.goldstone@cbre.com


UNDER OFFER SOLD

SOLD

SOLD

SOLD

SOLD

UNDER OFFER

SOLD

UNDER OFFER SOLD

16 Gateway Park Drive Pōkeno

Unmissable compact units Gateway is a light industrial development of affordable, small to medium sized units in Pōkeno. Featuring robust construction, soaring stud height, tall roller doors and truck-friendly access, 16 Gateway seeks to fill a gap in the market with all the benefits of a large industrial warehouse in a compact footprint. It is a high-growth precinct not to be missed.

Key Property Information

Chad Greer

Vinay Patel

022 650 8044 chad.greer@cbre.co.nz

021 382 525 vinay.patel@cbre.co.nz

Area Type

Area Size

Warehouse

318sqm

Office

104sqm

Canopy

20sqm

Stud Height

8 metres

www.cbre.co.nz/21182551Q4 Industrial & Logistics | 23


Design & Build options at Ruakura Ruakura Superhub Waikato The Ruakura Superhub is positioned at the nexus of the Golden Triangle, with immediate access to efficient roading networks and rail. Underpinned by the development of the Inland Port, a joint venture between Tainui Group Holdings and Ports of Tauranga. This commercial hub is set to become one of New Zealand’s most sought after destinations for industrial and logistics users. The Superhub spans over a massive 490 Hectares, and provides opportunities to occupy space in a variety of precincts. Options are filling up fast so act now to secure your space in one of New Zealand’s most efficient industrial and logistics parks.

Claus Brewer

Kate van der Zeyden

021 656 650 claus.brewer@cbre.co.nz

021 295 2171 kate.zeyden@cbre.co.nz www.ruakura.co.nz

24 | IN––––SPECT

Key Property Information Area Type

Area Size

Design build options

5,000sqm+


SUPERHUB

"Revolutionising the importance of place" Fastest growing industrial and logistics hub

Occupation and design flexibility

Options in the precinct filling up fast

High volume road, rail and sea networks

Industrial & Logistics | 25


Auckland market rentals

North Shore A Grade $130 to $150

B Grade $105 GLENFIELD to $120

C Grade $95 to $100 TAKAPUNA

A, B and C Grade space (warehouse component only) MASSEY

AUCKLAND

GREY LYNN

NEWMARK HENDERSON

AVONDALE

West Auckland A Grade $135 to $150

B Grade $115 to $130

C Grade $100 to $115

ONEHUA

Airport A Grade $140 to $150

26 | IN––––SPECT

B Grade $125 to $135

C

$

$


Market rentals continue to shift in this everchanging environment so location and supply chain considerations have never been so critical.

WAIHEKE ISLAND

Mt Wellington

KET

A Grade $140 to $180

B Grade $130 to $140

C Grade $100 to $120

HOWICK

Penrose

ANGA Grade $145 to $160

PENROSE

B Grade $130 to $145

C Grade $110 to $130

East Tāmaki A Grade $155 EAST to $175

B Grade TAMAKI$135

to $145

C Grade $115 to $125

MANGERE

Grade $110 to $120

Wiri A Grade $155 to $175

WIRI

B Grade $135 to $145

C Grade $115 to $125 Industrial & Logistics | 27


Auckland vacancy statistics

North Shore 0% Vacancy

GLENFIELD

TAKAPUNA

MASSEY

AUCKLAND

Rosebank Henderson

GREY LYNN

0.8% Vacancy

NEWMARK

HENDERSON

2.2% Vacancy

AVONDALE

West Auckland 2.4% Vacancy ONEHU

Mā Airport 1.6% Vacancy

28 | IN––––SPECT


With historically low levels of vacancy and limited new supply coming to market advanced planning is key.

WAIHEKE ISLAND

Mt Wellington

KET

0.5% Vacancy

HOWICK

Penrose

East Tāmaki

PENROSE NGA

0.9% Vacancy

Ōtāhuhu

āngere

0% Vacancy EAST TAMAKI

0.3% Vacancy

0% Vacancy

MANGERE

Wiri 0.2% WIRI Vacancy Industrial & Logistics | 29


491A Waterloo Road Islington

Profile! Showroom & warehouse Fantastic aerial connections South via the motorway and North via the northern by-pass. This property is located close to local amenities, Hornby Mall and local cafés within the business park. A brand new high stud showroom faces the road to take advantage of the large traffic count in this area. The property is supported by good car parking/display yard and of course its excellent location.

Area Type

Area Size

Warehouse

1,000sqm

Showroom

300sqm

Canopy

150sqm

Land

1,450sqm

Nathan O’Neill 021 288 2707 nathan.oneill@cbre.co.nz www.cbre.co.nz/C467213

53 Leeds Street Phillipstown

Upgraded warehouse for lease Available now for immediate lease is this newly refurbished industrial warehouse and office. Located just off Fitzgerald Avenue, this property is easily accessible to all main arterial routes and provides corner profile. Asking rental $80,000 per annum + GST and Opex.

www.cbre.co.nz/85211334 30 | IN––––SPECT

Area Type

Area Size

Warehouse

780sqm

Yard

435sqm

Land

1,215sqm

Brigit Hamilton

Jeremy Brown

021 353 341 brigit.hamilton@cbre.co.nz

027 506 0430 jeremy.brown@cbre.co.nz


101-103 Durham Street South Sydenham

Sydenham showroom & warehouse Offering exceptional profile as well as easy access to main arterial routes. Well located in Sydenham, this modern, functional mix of showroom, office and warehouse space is the perfect new location for your business located on Durham Street South. The premises is fully fenced offering peace of mind and security. Available for lease at $73,000 per annum + GST and outgoings.

Key Property Information

Brigit Hamilton

Jeremy Brown

021 353 341 brigit.hamilton@cbre.co.nz

027 506 0430 jeremy.brown@cbre.co.nz

Area Type

Area Size

Warehouse

200sqm

Office

146sqm

Showroom

146sqm

www.cbre.co.nz/16082021 Industrial & Logistics | 31


Large scale distribution facility 45 Produce Place Islington This large property will appeal to any number of large industrial occupiers. The property consists of two high stud warehouse buildings connected together in the middle via a large tunnel canopy running along the length of each building, complemented by well appointed office/amenity spaces and a large sealed yard (with truck wash) which can accommodate numerous containers and trucks. This is all located on a very secure and well presented site.

Scott Bentley

Nathan O’Neill

027 203 3310 scott.bentley@cbre.co.nz

021 288 2707 nathan.oneill@cbre.co.nz www.cbre.co.nz/13092021

32 | IN––––SPECT

Key Property Information Area Type

Area Size

Warehouse

10,477sqm

Office

409sqm

Yard

12,231sqm

Land

25,995sqm


“Large pallet capacity will appeal to occupiers”

13,000sqm pallet space

40 container spaces

Double width canopy

Excellent truck access

Industrial & Logistics | 33


18 Radius Loop Rolleston

Fabrication workshop available This fantastic property offers a clear span workshop or factory, with an open plan office area, good size staff cafe and toilets facilities. The property provides excellent onsite parking and a large concreted yard along the side and rear of the building. Also included is numerous three phase power outlets and a monorail rated to 3 tonne and 2 tonne hoist.

Key Property Information Area Type

Area Size

Warehouse

340sqm

Office

101sqm

Yard

500sqm

Land

1,257sqm

Standalone site

Fully secure site

Excellent sized concrete yard

www.cbre.co.nz/CCH100010 34 | IN––––SPECT

Scott Bentley

Brigit Hamilton

027 203 3310 scott.bentley@cbre.co.nz

021 353 341 brigit.hamilton@cbre.co.nz


32 Produce Place Islington

Warehouse with drive around access This property offers high stud clear span warehouse space suitable for warehousing, racking and storage, manufacturing and bulk storage. New modern offices have recently built also. This property allows for full drive-around access and a secure yard space.

Area Type

Area Size

Warehouse

1,644sqm

Office

97sqm

Canopy

168sqm

Stud Height

9 metres

Nathan O’Neill 021 288 2707 nathan.oneill@cbre.co.nz

www.cbre.co.nz/74585412

41 Te Rama Place Wainoni

Ideal contractors yard Available now for lease is approximately 2,100sqm of costeffective hardfill yard space in Wainoni. Easily accessible by main arterial routes, this site is securely fenced with a toilet on-site and offers hardstand for container set-down. Ideal for construction contractors or civil works companies this yard s available for lease at $25,000 per annum + GST and outgoings.

Area Type

Area Size

Land

2,100sqm

Brigit Hamilton

Jeremy Brown

021 353 341 brigit,hamilton@cbre.co.nz

027 506 0430 jeremy.brown@cbre.co.nz

www.cbre.co.nz/CCH100016 Industrial & Logistics | 35


95 Orbell Street Sydenham

Versatile showroom & warehouse Well located in Sydenham, this modern, functional mix of warehouse, office and showroom space is the perfect new location for your business. Located on the corner of Orbell and Disraeli Street, this property offers exceptional profile as well as easy access to the CBD, Brougham Street and Moorhouse Avenue. This property is located on a fully fenced and secure site to provide security and peace of mind. Available for lease at $73,000 per annum + GST and outgoings.

Key Property Information Area Type

Area Size

Warehouse

200sqm

Office

108sqm

Showroom

146sqm

Car Parks

5

Container height roller door

Fully secure and fenced site

Close to main arterial routes

www.cbre.co.nz/CCH100010 36 | IN––––SPECT

Scott Bentley

Nathan O’Neill

027 203 3310 scott.bentley@cbre.co.nz

021 288 2707 nathan.oneill@cbre.co.nz


With high demand for new developments in this area, land has now become very tight.

In Market

Sockburn/ Wigram

The industrial precinct of Wigram and Sockburn had an extremely active 2021, driven by the expansion of the warehousing and logistics sector along with strong owner-occupier demand and the continued thirst for product from investors for all things industrial. Tenant demand has increased due to companies’ conscious decisions to hedge against unreliable supply chains and, combined with rising costs to hold more product locally, demand for general warehousing and logistics space has never been stronger. Consequently, existing companies are taking additional warehouse space or upgrading their properties to have increased capacity and/or greater efficiency. Owner-occupiers proved extremely active in accruing their own property in the early part of 2021, especially those that supply or service the e-commerce, transport and construction. However, the leasing market’s strength means quality vacant properties are harder to come by, so we expect purchasers to find it harder to acquire premises this year. With high demand for new developments in this area, land has now become very tight. Ngāi Tahu is seeing good traction at its Kairua development at Wilmers Road and any opportunities at its Wigram Skies development through secondary sales are virtually gone.

This area in the inner west of Christchurch’s industrial landscape continues to attract quality tenants and investors who value the location’s proximity to the CBD, access to the motorway network and supporting amenity that The Landing provides. The trends of 2021 will continue through to 2022; the banks will continue to support good businesses into their own properties where they become available, leasing will continue to firm, and the investment market will continue to pay very competitive yields for quality industrial opportunities. �

Nathan O’Neill 021 288 2707 nathan.oneill@cbre.co.nz Industrial & Logistics | 37


Christchurch market rentals A, B and C Grade space (warehouse component only)

Nort A Grade $95 to $110

Airport A Grade $100 to $110

B Grade $90 to $100

C Grade $80 to $90

Sockburn A Grade $90 to $110

38 | IN––––SPECT

B Grade $90 to $100

C Grade $75 to $85

Middleton

Hornby A Grade $95 to $110

B Grade $85 to $100

C Grade $70 to $90

A Grade $95 to $115

B Grade $90 to $105

C Grade $80 to $90

BG $

$


We continue to see the impacts of Covid-19 impacting the supply chain with a tight leasing market and rising costs. Coupled with the lack of development land, he pressure on rents to increase continues to mount.

thcote

Grade $85 to $100

C Grade $70 to $85

Phillipstown A Grade $90 to $105

Sydenham A Grade $90 to $110

B Grade $80 to $95

C Grade $70 to $85

B Grade $85 to $95

C Grade $70 to $90

Bromley A Grade $80 to $100

B Grade $70 to $90

C Grade $50 to $70

Industrial & Logistics | 39


Christchurch vacancy statistics

Nor Airport

V

4% Vacancy

Sockburn 11.8% Vacancy

Hornby 2.6% Vacancy

40 | IN––––SPECT

Middleton 3.2% Vacancy


We expect to see a low level of vacancy in the foreseeable future due to occupiers seeking to expand and upgrade to modern facilities to enhance storage efficiency, coupled with supply chain disruption and the continued growth in e-commerce.

rthcote

4.5% Vacancy

Phillipstown 10.5% Vacancy

Sydenham

Bromley 2.1% Vacancy

1.5% Vacancy

Industrial & Logistics | 41


Well situated warehousing in Hornby 2 Yukon Place, 3 Klondyke Drive & 41 Edmonton Place Hornby Well situated in the heart of Hornby surrounded by all major 3PL and distribution businesses. These three warehouses have good arterial access via Edmonton Road to Shands and Halswell Junction Road and good access onto Yukon Place, Klondyke Drive and Edmonton Road. A great opportunity to lease one, two or three functional warehouse buildings with good ground floor office/amenities and a large sealed yard area for containers. Multiple container doors will allow easy movement of product between the different buildings and easy loading of trucks or container devanning.

Scott Bentley

Nathan O’Neill

027 203 3310 scott.bentley@cbre.co.nz

021 288 2707 nathan.oneill@cbre.co.nz www.cbre.co.nz/04072021

42 | IN––––SPECT

2 Yukon Place Area Type

Area Size

Warehouse

4,329sqm

Office

76sqm

Yard

850sqm

Land

5,616sqm

3 Klondyke Drive Area Type

Area Size

Warehouse

956sqm

Office

118sqm

Land

2,000sqm

41 Edmonton Place Area Type

Area Size

Warehouse

2,500sqm

Office

84sqm

Canopy

210sqm

Land

5,526sqm


“One of three adjoining warehouse buildings”

Different warehouse sizes available

Zoning - Industrial Heavy (IH)

Container set down area

Excellent truck access

Industrial & Logistics | 43


20 Helanca Avenue Wainoni

Modern warehouse and office Located conveniently in Christchurch’s eastern suburbs with excellent access to the CBD and main arterial routes. The warehouse space is clear span and has access via a container height roller door. Office amenities include a shower and internal heat pump.

Area Type

Area Size

Warehouse

274sqm

Office

46sqm

Brigit Hamilton

Jeremy Brown

021 353 341 brigit.hamilton@cbre.co.nz

027 506 0430 jeremy.brown@cbre.co.nz www.cbre.co.nz/CCH100004

Warehouse 1, 925 Halswell Junction Road Islington

New logistics warehouse and yard Offering an 11 metre from the knee stud height, large canopy and secure yard space with fantastic access for large vehicles, this property will suit many uses and products. Due for completion in Q4 2022, this warehouse and yard facility will be built to the highest standards.

Area Type

Area Size

Warehouse

2,368sqm

Office

245sqm

Canopy

242sqm

Yard

2,182sqm

Nathan O’Neill www.cbre.co.nz/88998899 44 | IN––––SPECT

021 288 2707 nathan.oneill@cbre.co.nz


19 Hannover Place Rolleston

Occupier wants to move on A fantastic opportunity to lease this new high stud warehouse facility with dimensions of 80m x 68m, with drive around vehicle access, fully concreted yard and multiple roller door access. A modest size office area offers good functional dispatch space, staff café and amenities required by a tenant.

Key Property Information

Scott Bentley

Hamish Clarke

021 203 3310 scott.bentley@cbre.co.nz

021 960 655 hamish.clarke@cbre.co.nz

Area Type

Area Size

Warehouse

5,416sqm

Office

101sqm

Canopy

574sqm

Land

11,900sqm

www.cbre.co.nz/77992210 Industrial & Logistics | 45


Contact one of our specialists

Auckland

Claus Brewer

Bruce Catley

Paul Steele

Lewis Watson

Chad Greer

Alex Divers

National Director 021 656 650

Managing Director 021 729 004

Director 021 494 111

Associate Director 021 845 484

Associate Director 022 650 8044

Associate Director 021 715 385

Alex Hopkinson

Luke McGill

Vinay Patel

Henry Smit

Kate van der Zeyden

Sam Jeffries

Associate Director 021 071 5244

Associate Director 021 0220 8889

Senior Negotiator 021 382 525

Negotiator 027 881 3462

Negotiator 021 295 2171

Negotiator 021 334 794

Nick Tyler

Luke Goldstone

Hetu Shah

Rebecca Taylor

Keri-Anne Khau

Negotiator 021 341 223

Negotiator 021 147 7400

Negotiator 021 800 538

Marketing & Ops 021 133 4757

Marketing & Admin 027 857 9756

Hamish Clarke

Scott Bentley

Nathan O’Neill

Jeremy Brown

Brigit Hamilton

Ruby Bain

Director 021 960 655

Associate Director 027 203 3310

Negotiator 021 288 2707

Negotiator 027 506 0430

Negotiator 021 353 341

Agency Support 021 225 6407

Christchurch

CBRE (Agency) Limited, Licensed Real Estate Agent (REAA 2008) The information in this document is general in nature and is a guide only. It does not take into account your individual circumstances. Before acting you should check the accuracy of the information and seek your own independent financial and legal advice. The information must not be relied upon to make any investment decisions. The principal and its agent will not be liable for your failure to verify the information or seek appropriate advice.


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