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 $175
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 $140 to $185
B Grade $120 to $130
C Grade $100 to $115
ONEHUA
Airport A Grade $140 to $165
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 $185
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.