Inspect | Issue #1 2023

Opportunities

Letter From the Editor Letter from

Welcome to the first edition of Inspect for 2023.

The themes of flight to quality or flight to function, are still at the forefront of decision making for occupiers, both in respect of the asset and the location of their facility. With some stabilisation in supply chain and online consumer spend, we are seeing a balance of Just-in-Case and Just-in-Time logistics, which is tempering levels of demand, but we are still seeing good levels of enquiry for future growth.

The impacts of inflation are not behind us, having a clear strategy well in advance of the occupation need is critical.

Our markets are tight nationally with Auckland vacancy sitting at 0.1%. Gergely Gaspardy and Zoltan Moricz share their latest industrial market update, in what for many occupiers needing an immediate solution is dysfunctional. When considering facility design considerations, occupiers need to be reviewing their strategy and options three years in advance of their expiries.

We feature a Ruakura Superhub update, as Tainui Group Holdings focus on broadening the occupier profile to present smaller occupiers with the opportunity to be part of this significant development.

Christchurch echoes the tightness of the Auckland market and Scott Bentley in our Christchurch team talks to a recent transaction with Auntie Dai’s and how he has worked with the business to create a future-proofed outcome.

The Industrial & Logistics team at CBRE want to help you navigate the market with confidence and clarity, so please reach out to us as we navigate 2023.

Claus Brewer National Director Industrial & Logistics

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.

Key Property Information

www.cbre.co.nz/SAK100089

Brand new A-grade warehouse

Light Industry Zoning

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

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

34 Airpark Drive Māngere

George Bolt Memorial Drive frontage

Warehouse B, 85-89 Leonard Road

Mount Wellington

Prime Warehouse Facility in Mt Wellington

Available now is this highly sought after industrial warehouse and office facility in Mount Wellington. The facility is located in close proximity to the SH1 and main arterial routes. The property has ideal warehouse to office ratio and also includes ample on-site car parking.

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

Nick Tyler 021 341 223

www.cbre.co.nz/SAK100262

Full Drive Around with Yard Flow

Available for lease in Q4 2023 is the opportunity to be the occupier of this brand new building in the highly sought-after Wiri industrial hub. This 5,004sqm warehouse has access via six roller doors with full drive-around yard flow. This brand new facility is within close proximity to SH20 and the local transport links.

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

www.cbre.co.nz/SAK100128

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

Ruakura Superhub revs up operations

As the country’s largest inland port ramps up operations in Ruakura Superhub and the first tenants open their doors, CBRE is offering limited opportunities for mid-sized businesses to be part of Tainui Group Holdings’ mega-development, located alongside the Waikato Expressway on the eastern edge of Hamilton City.

Claus Brewer and Kate van der Zeyden of CBRE’s industrial and logistics team are marketing warehouse units for lease in stage one of the industrial and commercial precincts within the giant 490ha development. Flexible warehouse space is on offer, to be constructed by Tainui Group Holdings. The warehouses, which vary in size from 1,000sqm and upto 7,000sqm (plus offices, canopies and yards), are planned for a site located within the industrial precinct of Ruakura Superhub, adjacent to the planned 10ha native wetland.

“Ruakura Superhub is now open for business and this large-scale development, which will unlock logistics operations in the Auckland-Tauranga-Hamilton golden triangle as well as nationally, is proceeding at a fast pace. The inland port will be operational in 2023, along with the development’s first logistics and distribution tenants. We’re excited to now offer the next opportunities for businesses to be part of this game-changing development,” says Brewer.

The warehouse units will be constructed on Te Ipukura Street, a proposed road within the development linking to the nearby Waikato Expressway interchange via Ruakura Road.

Stage one of the warehouse development is planned to include up to five units in a single building; with warehouses starting at 1,000sqm in size offices of approximately 150sqm and up, canopied loading and unloading areas, yards and rear car parking.

The units could suit small and medium-sized businesses looking for an opportunity to co-locate alongside national and international logistics heavyweights, van der Zeyden says.

“These are the first smaller-scale industrial units to be offered within Ruakura Superhub. They present an ideal opportunity for local businesses and small to medium operators that could benefit from proximity to the new inland port and large logistics firms.”

They could also act as incubator premises for growing businesses, as well as offshore companies looking to establish in New Zealand, she says.

“Overseas-based companies eyeing the forecast growth in this part of the North Island may view these units as a lower-cost way to enter the country while they investigate the viability of a larger distribution centre.”

The units also offer the opportunity for occupiers to work with Tainui Group Holdings on future expansion projects within Ruakura Superhub, eliminating the need to search for new premises elsewhere to accommodate business growth, van der Zeyden adds.

Stage two is proposed to include two larger 7,000sqm warehouses with 500sqm of offices, large breezeways for inwards and outwards goods movements and yards for truck manoeuvring and container storage. To be constructed across two buildings, this stage is also planned to accommodate smaller 1,300sqm

Kate van der Zeyden CBRE Industrial & Logistics

Claus Brewer CBRE Industrial & Logistics

These smaller-scale industrial units present an ideal opportunity for local businesses and small to medium operators that could benefit from proximity to the new inland port and large logistics firms.

warehouse/office facilities, also with canopies, yards and parking, however this stage is subject to change to suit potential occupiers, says Brewer.

“Plans for the second stage have the potential to be altered to accommodate users of any size. The two buildings could accommodate one or two large users, or be split further into smaller units for multiple small businesses depending on tenant demand. Tainui Group Holdings is taking a flexible and agile approach to suit occupiers’ needs.”

Ruakura Superhub’s vast expanse of flat land offers the unique ability to scale for the future needs of global supply chains, Brewer says.

“Ruakura offers space options for businesses looking to grow and meet the needs of a rapidly evolving logistics market. The first tenants; PBT, Big Chill, Kmart and Maersk will enjoy first mover advantages alongside the new inland port.”

The port facility is a transformative central feature of the development. KiwiRail trains between Auckland and Port of Tauranga will service Ruakura Inland Port via two 800 metre rail sidings, from where trucks will move them between the inland port, import/export logistics operators and distribution centres all within Ruakura Superhub, greatly improving productivity and efficiency and potentially taking 65,000 trucks off the roading network every year when the inland port is operating at full capacity.

“Tainui Group Holdings is keen to partner with committed occupiers and make this project a reality. Like all developers in the current environment, tenant precommitment is necessary in the face of high construction costs, but they are eager to press go and welcome the next group of occupiers to this impressive hub.”

The full Ruakura Superhub site is around the same size as the Auckland CBD and adds 8% to the urban footprint of Hamilton. On completion, it will include retail, a knowledge zone and residential development along with the inland port and industrial/logistics precincts. The planned wetland, as well as local parks and an extensive network of planted swales will be home to more than a million native plants as part of extensive sustainability features in the Superhub.

Ruakura offers space options for businesses looking to grow and meet the needs of a rapidly evolving logistics market.

High Quality in the Heart of Wiri

Available Q4 2023 is this high quality warehouse located in the heart of Wiri’s industrial precinct. The property boasts a 4,177sqm warehouse with a favourable low office to warehouse ratio and a fully secure rear yard area.

There is the option to redevelop/expand offices to suit the user requirements.

www.cbre.co.nz/SAK100240

212B Cavendish Drive Wiri

Design & Build Options at Ruakura

Waikato

The Ruakura Superhub is positioned at the nexus of the Golden Triangle, with immediate access to efficient roading networks and rail. The Superhub is underpinned by the development of the Ruakura Inland Port, a joint venture between Tainui Group Holdings and Ports of Tauranga.

This commercial hub is already becoming 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

021 656 650

claus.brewer@cbre.co.nz

Kate van der Zeyden

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

www.ruakura.co.nz

Key Property Information

Area Type

Area Size

New-build options 1,000sqm+

Ruakura Superhub

Fastest growing industrial and logistics hub

Occupation and design flexibility

Options in the precinct filling up fast

High volume road, rail and sea networks

"Revolutionising the importance of place"

Significant Mt Wellington Development

30-32 Bowden Road in Mt Wellington is a brand new high-stud warehouse development due for completion in May 2024. This targeted 5-star Green Star development offers appealing north-facing high quality offices with full drive-around truck access under a large breezeway.

Mt Wellington is the pre-eminent industrial location in Auckland being only a 15-minute drive from the CBD, with the option of two motorway interchanges and high volume traffic arterials in addition to its close proximity to main sea, air and freight ports. Furthermore, it boasts fantastic supporting amenities anchored by the Sylvia Park Shopping Centre.

Full drive-around designed layout

Available May 2024

www.cbre.co.nz/SAK100163

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

Nick Tyler 021 341 223 nick.tyler@cbre.co.nz

30-32 Bowden Road Mt Wellington

Tidy St Johns Warehouse Opportunity

Becoming available in late 2023 is this tidy industrial unit located in St Johns. This Light Industry zoned site boasts a 2,055sqm clear span warehouse with four roller doors for ease of access and a 800sqm yard at the rear of the property.

Saint Johns is the pre-eminent industrial location in Auckland with close proximity to the CBD, motorways and main sea, air and freight ports.

Key Property Information

Efficiency & Flow

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 clear span warehouse design to ensure maximum cubic capacity and operational efficiency and flow.

The available facility is in a sought after Airpark location with proximity to Auckland Airport and key arterial routes.

Awaiting Greenstar 5 rating, PD2 is ready for occupation now.

Claus Brewer

021 656 650

claus.brewer@cbre.co.nz

Alex Divers

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

www.cbre.co.nz/SAK100004

Drive-around access Post-tensioned slab

Close proximity to SH20 and Auckland Airport

Clearance at the knee of: 13.385m and 16.75m to the ridge

Value Location & Quality

Available soon is this rare opportunity to lease 3,855sqm of A Grade warehouse in Mt Roskill’s latest industrial development. The facility is surrounded by logistics and distribution businesses, ideally located with key transport links located nearby.

Superbly located in Mt Roskill, which is becoming a popular distribution location with close proximity to SH20 and Waterview tunnel, Roma Road has excellent local amenities such as The Warehouse, and New World supported by convenience retail. The property’s exceptional proximity to roading links, public transport, cycle path, the airport, and CBD make it an ideal business hub.

High profile with large motorway frontage

Exceptional proximity to arterial routes

A sustainable urban logistics hub

Alex Hopkinson 021 071 5244

Luke Goldstone 021 147 7400

www.cbre.co.nz/SAK100235

alex.hopkinson@cbre.co.nz

luke.goldstone@cbre.co.nz

60 Roma Road Mt Roskill

Racked Warehouse in Wiri

Available in May 2023 is this rare opportunity to lease 3,854sqm of cost-effective warehouse in Wiri with good access to warehouse and roading networks. This facility is available for lease with existing racking and short-term tenure options available.

The 3,854sqm warehouse has multiple roller doors for ease of access. It also boasts a stud height of 9 metres rising to 12.2 metres.

The Wiri industrial zone is the fastest growing commercial zone in Auckland benefitting from the large Manukau labour force. The access to the Southern motorway SH1 and the SH20 to Auckland Airport and West Auckland has opened up the area to provide both logistics and manufacturing companies convenient access in all directions.

*Shared Breezeway/Canopies/Hardstand

Short-term tenure options

Existing racking available

www.cbre.co.nz/SAK100276

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

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

25 Falcon Road Wiri

The industrial growth story of New Zealand’s gateway city

The strength of Auckland’s industrial market continues, with record-low industrial vacancy rates and new benchmark rentals being achieved across this gateway city. The strong demand for space demonstrates a positive outlook for the industrial industry, and developers and landlords are responding with increased investment in large-scale industrial developments, creating opportunities for occupiers seeking facilities in strategic locations in Auckland.

New Supply and Occupier Demand

Following gross supply of just under 100,000sqm in the first six months of last year, the market rocketed ahead in the second half of 2022, with completed new supply amounting to 236,000sqm between July and December. Allowing for building withdrawals, the total net stock change in the second half last year was over 195,000sqm, the largest recorded amount in the past ten years. There were 7 large-scale developments (10,000sqm+) added to stock in H2 2022, including a 33,000sqm facility for NZ Post in Wiri, a 30,000sqm warehouse for Repco also in Wiri, and a 22,000sqm new development for ACFS Port Logistics in Favona.

Total industrial net absorption was just under 223,000sqm in the six months to December 2022, with about 240,000sqm net absorption growth recorded in Prime quality, and about a 17,000sqm loss in Secondary. While the completion of new developments was a major contributor to the strong net absorption gain (all new supply was occupied upon completion), additionally, all Prime quality vacancies in the existing stock have also been absorbed. And although there was healthy occupier activity in the Secondary quality submarket (it gained around 20,000sqm of new take-up in the second half of 2022), its absorption was negative due to previously occupied buildings being withdrawn from the market for redevelopment.

Industrial Demand

Rents

Following three consecutive quarters of steeply increasing industrial rents in 2022, growth moderated in the last quarter to 2.5% in Prime and 1.6% in Secondary grade. In addition to new warehouse benchmark rents being achieved, we have also recorded strong growth in office component rents in some industrial suburbs, where these are now approaching bone fide Prime office rents. Benchmark warehouse rents for Prime buildings in highly sought-after precincts continue to escalate, reaching into the $190-$200 per sqm range in the last quarter of 2022.

Industrial Rents

Vacancy

The total industrial vacancy rate moved from 0.5% in December 2021 to a scarcely believable 0.1% at the end of 2022. In the entire Auckland industrial market of 13.6 million square metres, only 7,623sqm of Secondary space is vacant.

This is in the context of our definition of vacancy, which refers to space that is physically vacant and is available for lease. This definition of vacancy excludes availability of some space. For instance, of the under construction industrial pipeline, which at the end of last year stood at over 384,000sqm, 78,000sqm does not have occupier commitment and remains available for lease. Nonetheless, our survey results show that the current industrial occupier sector is about as tight as a market can get.

Industrial Vacancy

The total industrial vacancy rate moved from 0.5% in December 2021 to a scarcely believable 0.1% at the end of 2022

Vacancy Outlook

Outlook

We expect Prime vacancy to show modest increases during the next two years. Our forecasts incorporate industrial demand lowering in line with the level of economic growth by 2024, and will result in a lower supply pipeline, which will help keep vacancy rates in check. We forecast that average Prime vacancy rates in the next five years at 1.1% will still be materially lower than the historical average level of 1.6%.

Rental Outlook

Rental trends continue to reflect the momentum they built up based on increasing development costs and the strong supply-demand fundamentals that became increasingly entrenched over the past 12 months. In H1 2023 strong positive momentum will be flowing through rental growth trends but from H2 2023 through to 2024 market rents are expected to be more stable.

Research

Zoltan Moricz CBRE Research

Gergely Gaspardy CBRE

5 Timberly Road Māngere

Rare A-Grade Facility in Māngere

This high spec property comprises of 9,469sqm of high stud and clear span warehousing, 412sqm of quality office space, 1,542sqm of canopied area, a substantial 1,788sqm of yard area and 36 on-site car parks. The warehouse will be refurbished with LED lighting, solar panels, low-flow fittings, rainwater harvesting and EV charging.

Located in the Airport Precinct, New Zealand’s most connected business location, ideally positioned on the doorstep of the country’s premier transport hub, Auckland Airport, and only minutes from New Zealand’s largest city. The area benefits from enhanced staff amenities and improved infrastructure linking it to SH20, SH1 and SH16. Being New Zealand’s leading mixeduse business district it is a focus for local, multi-national and international occupiers.

Key Property Information

www.cbre.co.nz/SAK100218

Modern facility with easy truck access

Minutes off the SH20 ramp

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

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

Building 2, 69 McLaughlins Road Wiri

1,452sqm

Standalone Warehouse

On offer is this A-Grade industrial facility with an estimated completion date of March 2024. Positioned on a heavyindustry zoned corner site, this functional, high-stud property allows dual access and drive-through capabilities. As the only new-build of this size and quality in the market, this building will be well suited to a multitude of users and provides the unparalleled opportunity to secure the feature position to the gateway of a future 30ha industrial park linking the Wiri and Airport Oaks industrial precincts via McLaughlin’s and Prices Road.

Wiri is the fastest growing industrial zone in Auckland. With convenient access to both State Highways 1 and 20 as well as the inland port, this area provides manufacturing, logistics and warehousing companies unbridled distribution access in every direction. This location is a mere 24km to the CBD and Port of Auckland with Auckland International Airport located 7.6km away.

www.cbre.co.nz/SAK100294

10

Outdoor seating amenity

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

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

8,100sqm of Brand New Warehouse

On offer is this large scale, A-Grade logistics facility with an estimated completion date of May 2024. Built to the highest specifications with eight roller doors, and parking to the north and south of the building, this functional high-stud facility has everything any large format logistics user requires. Positioned on a corner site, this property allows for dual access, drive-through capabilities and will be the gateway property for a best-in-class 30ha industrial park.

11.5 metre stud at the knee

Dual access drive around and large canopies Proposed pallet space capacity of up to 12,490

Unique Offering in Māngere

CBRE as exclusive agents, are proud to present to the market For Sale or Lease, Unit 1, 203 Kirkbride Road, Airport Precinct.

Located at the entrance of the Airport Oaks industrial precinct and surrounded by convenient amenities, is this ideal live/work premises.

This unique offering has high profile exposure just off the SH20 motorway ramp. With the possibility of vacant possession, this rare opportunity will appeal to a wide range of tenants, investors and/or owner occupiers.

Unit 1, 203 Kirkbride Road Māngere

State of the Art Facility in East Tāmaki

68 Cryers Road provides an occupier with a unique opportunity to secure a state of the art facility of scale within Auckland’s tightly held East Tāmaki industrial precinct.

This property has been designed with form and function in mind featuring a sizeable 7,030sqm yard, full drive-around capabilities and 1,900sqm of canopy.

With a target completion date of Q4 2024 alongside NZ Green Star rating this building will be a key option to consider for any entity looking to secure a brand new facility.

68 Cryers Road East Tāmaki

Penrose

With the rental growth experienced it is imperative that the facility occupied is a best-fit footprint and location.

Planning for the future well in advance is critical when immediate solutions are so limited for the occupier market.

A-Grade Drury Facility

This high profile brand new build is located minutes from SH1 and main arterial routes. This 4,000sqm brand new clear span warehouse has three roller doors for access and a stud height of 10 metres rising to 12 metres.

Drury is set to become the next major industrial hub in Auckland, with excellent access two state highway interchanges, providing access to all major North Island markets. Just 15 minutes from Wiri Inland Port and 20 minutes from Auckland Airport, it’s the perfect staging point for your business. Boasting predominantly Light Industrial land and mixed-use precincts, this location offers room for development, growth, and ease of access.

21 Bill Stevenson Drive, Drury is available in June 2023.

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

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

21 Bill Stevenson Drive Drury

Highly Sought After Industrial

Warehouse A, 95-105 Leonard Road is a highly sought after industrial facility located in Mt Wellington that benefits from high profile road frontage onto Penrose Road with great signage opportunities. This facility also includes 220 on-site car parks and a large yard area with two truck entrance/exit points. If the warehouse and office components are taken together drive around access on the site is possible. This centrally located facility is a prime opportunity in Mt Wellington.

Warehouse A, 95-105 Leonard Road Mt Wellington

Location, Flexibility, Design

Wiri Logistics Estate

Wiri

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.

A 23,000sqm Warehouse with ability to split into two tenancies and to be available from May 2024 on the last remaining Lot within the LOGOS Wiri Logistics Estate.

Claus Brewer

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

Paul Steele

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

www.cbre.co.nz/19300031Q3

Rare Prime Penrose Opportunity

Strategically positioned between SH1 and SH20 and close to both motorway interchanges, the site is in close proximity to a large consumer catchment and offers excellent access to the wider Auckland networks. MetroPort, Port of Tauranga’s rail network, is located adjacent to The Gate.

The Park occupies at 21.2ha site with high profile frontage on Neilson Street and Church Street. The Park is occupied by a variety of business focused on warehousing and distribution.

This prime Penrose industrial has a fully refurbished airconditioned office with an exclusive fenced yard area of 810sqm. This extremely functional industrial building comprises modern office over two levels, high stud clear span warehouse with two roller doors and a good-sized canopy leading onto the secure yard.

*Timing may be brought forward by agreement.

Key Property Information

www.cbre.co.nz/SAK100216

Stud height of 8.4m rising to 10m

Available April 2024*

Clear span, EFSR sprinklered warehouse

Alex Hopkinson 021 071 5244

alex.hopkinson@cbre.co.nz

Henry Smit 027 881 3462

henry.smit@cbre.co.nz

Building C3, 373 Neilson Street Penrose

Unmissable Compact Units

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. The street-facing unit has an impressive office that spans between the two entrances. With extensive glazing that wraps around most of the ground floor, this office could also work as a showroom or retail space. This is a rare opportunity in a tightly held industrial market with less than 1% vacancy rate.

Climate Controlled Warehouse

Available in October 2023, or earlier subject to agreement, is this rare warehouse and office facility in Mount Wellington. This facility is currently a combination of warehouse and chilled space, with the option to remove the chilled spaced and convert it into warehouse.

This Central Auckland location is ideal for logistics and distribution with high profile on SH1. The property has full drivearound access, including two drive-through canopies and ample on-site car parking.

Chad Greer

022 650 8044

chad.greer@cbre.co.nz

Nick Tyler 021 341 223 nick.tyler@cbre.co.nz

www.cbre.co.nz/SAK100227

2 Monahan Road Mount Wellington

"A rare opportunity in Central Auckland"

High profile onto SH1

Drive-around access

Available October 2023 (or earlier subject to agreement)

Option for chilled space to be removed

Wellington Industrial Vacancy Statistics

Land acquisition enables Auntie Dai’s to scale up for the future

A focus on building relationships and doing business face to face has paid dividends for a Christchurch food producer feeling the squeeze in its current premises.

Dai’s Foods Ltd, which makes Auntie Dai’s Dumplings – a family freezer staple in Christchurch and around the country – was approaching full capacity in its Wigram facility, leaving the company unable to scale up to meet future demand.

The business had its sights on the rear section directly behind its existing facility, a 2,173sqm block of vacant land at 23 Lodestar Avenue, Wigram. It was the perfect site for expanding Dai’s Foods’ operations, however, it was leased to a yard-based occupier.

Scott Bentley

This is where CBRE industrial & logistics associate director Scott Bentley stepped in. Using an old fashioned, face to face approach, Scott brought the owner of Dai’s Foods together with the site’s Auckland-based owner, facilitated a positive relationship between the two parties and eventually secured a deal for Dai’s Foods to purchase the site.

“Dai’s Foods contacted us in 2022 to act as buyer’s agent and guide them through the process to follow to give them the best chance of buying the site. The owner of Dai’s wasn’t confident the land could be purchased, but I was happy to become involved as buyer’s agent to help achieve his goal,” Bentley says.

Previous discussions between Dai’s and the sitting tenant had not resulted in any progress. Bentley encouraged a different approach, based on face to face discussions between Dai’s Foods and the site’s owner, whom Bentley also had a strong existing relationship with, to pave the way towards making a formal signed offer.

Several meetings laid the foundation for a potential deal, which was complicated by the fact that the sitting tenant had an option to buy the property, he says.

“Any offer to purchase the property had to be at the right level, considering the tenant’s existing right to buy. While we worked through what the acceptable price level was likely to be, we focused on getting the two parties to know each other. This included taking the site’s owner out for dinner on one

of his trips down from Auckland, which was a great way to cement a positive relationship.”

The process culminated in Dai’s Foods successfully achieving a signed contract to purchase the site, following the presentation of a formal offer to the site’s owner.

CBRE’s expertise in navigating deal processes such as this, which was more complicated than most due to the existing tenant’s option to purchase and having to terminate the existing lease early, was viewed as exceptionally valuable by Dai’s Foods, says Bentley.

“For occupiers who feel that they have reached a dead end in pursuing their property goals, it can be very worthwhile engaging an experienced property consultant who can help work through the challenges they are facing. This transaction shows how you can achieve excellent results based on relationships and trust. Doing business face to face has fallen out of favour since Covid, but this transaction is another example of just how much value can be gained when both parties get around the table and get to know each other.”

Dai’s Foods is now able to proceed with expansion plans which will allow them to scale up production, Bentley says.

“Purchasing this land will allow Dai’s to move their business forward and meet the high levels of demand they are experiencing for their products. Auntie Dai’s Dumplings is a local Christchurch success story and I am looking forward to seeing the business grow and thrive.”

CBRE Industrial & Logistics

Purchasing this land will allow Dai’s to move their business forward and meet the high levels of demand they are experiencing for their products.

Moorhouse Magic - Office & Warehouse

This newly renovated building is conveniently located on the bustling Moorhouse Avenue, boasting a north-facing aspect providing natural light. With its prime location, your business will enjoy excellent signage opportunities. To ensure your business needs are met, the motivated landlord is willing to reconfigure the current layout to suit.

480A Moorhouse Avenue Waltham Area Type Area Size

108sqm

259sqm Workroom/Amenities 91sqm Car Parks 7

Brigit Hamilton

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

www.cbre.co.nz/CCH100141

A-Grade Opportunity on Fitzgerald

The premise offers a functional mix of warehouse and office/ showroom with drive-through capability which will appeal to a wide range of occupiers from trade-based retail to general warehousing. The property is well accessed from both Fitzgerald Avenue and Leeds Street with ample car parking for both staff and customers.

www.cbre.co.nz/CCH100103

Area Type

Area Size Warehouse 347sqm

Showroom/Office 156sqm

Extra Showroom 90sqm

Car Parks 6

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

7/48 Fitzgerald Avenue Christchurch Central

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

Wigram Industrial - Sublease Now

Available now for immediate sublease is this well-presented premise in the heart of Wigram. The property comprises a high stud warehouse with a container height roller door and adjoining north-facing modern office spread over two levels. Within close proximity to main arterial routes in and out of the city, this property provides easy access to all of Christchurch.

www.cbre.co.nz/CCH100070

Seize This Warehouse/Office Opportunity

This 94sqm* warehouse is a standout feature, with the advantage of three-phase power and two container height roller doors for easy access. Whether you need to store inventory, equipment, or supplies, this warehouse is perfectly equipped to handle your needs. Several additional spaces will enhance your operations including a workshop storage space, a staff room with a kitchen, and a separate modern office with an inviting entrance.

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

www.cbre.co.nz/CCH100190

Unit 6, 50 Dakota Crescent, Wigram

New Build High Stud Warehouse

This brand new warehouse is ideal for individuals seeking a strategically placed storage and distribution facility with superior access to SH1 and a wide range of amenities situated at the airport campus.

The warehouse, spanning 5,500sqm, boasts a clear-span design with five roller doors and a 12m stud height. Additionally, it features a concrete hardstand beneath the canopy and a fully fenced asphalt yard.

Brand new build

Stud height of 12 metres to the knee

Excellent access to main arterial routes

www.cbre.co.nz/CCH100157

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

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

15 George Bellew Road Yaldhurst

Key Property Information

The existing tenant’s lease runs until 31 July 2023 and is open to cutting a sublease deal on this building. This property offers a high stud warehouse facility with drive-around vehicle access, a fully concreted yard and multiple roller door access. A modest size dispatch office with good size staff café and amenities sits at the front of the building and provides visibility to the main entrance gate. Situated in Rolleston and 1.3km off SH1, this property is located in the fast-growing Izone Industrial Hub, designed for large-scale warehousing and manufacturing, 15 minutes south of Christchurch.

19 Hannover Place Rolleston

New High Stud Versatile Warehouse

This new warehouse is due for completion by the end of 2023 as part of Ngāi Tahu’s latest Mānia development.

The property is located on the high-profile corner of Aruhe Road and Quadrant Drive, at the entrance to the Mānia development. The high stud (11.5m to the knee) warehouse is designed to be two tenancies or can be leased as one 5,576sqm* facility.

The property can be split with each tenancy having the benefit of individual access, its own yard area and drive-in/out access points. These premises are designed to have their own individual car parking areas and associated offices. Warehouse sizes allow the dividing wall to be moved to allow for multiple tenancies.

The Mānia development is well-positioned offering easy transport access to Hornby, Christchurch’s CBD and Christchurch International Airport. The industrial location benefits from neighbouring commercial precincts.

Option to be multiple tenancies

Due for completion end of 2023 www.cbre.co.nz/CCH100204

Hamish

Lot 1, 320 Shands Road Hornby

Brigit Hamilton

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

Immaculate Opportunity on Blenheim Road

This modern property comprises of 274sqm of ground floor space with the opportunity to be easily converted into a warehouse. The top floor provides 75sqm of mezzanine office. Perks of the property are the nine car parks available for both customers and staff, with excellent access to Blenheim Road and Matipo Street.

www.cbre.co.nz/CCH100194

Why Wait? Wordsworth Warehouse

Available for lease from April 2023 is this inviting building located in central Sydenham providing great profile. The property has been recently refurbished with new warehouse lighting and office carpet, to give a new modern industrial edge. The property benefits from three-phase power and an electric roller door for access.

Brigit Hamilton

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

www.cbre.co.nz/CCH100183

The significant reduction in industrial vacancy during 2022 was accompanied by strong rental growth, and the industrial sector continues to attract good interest from investors

Christchurch Industrial Vacancy Statistics

The Christchurch industrial property market showed significant growth in 2022, with high demand for new and existing buildings resulting in the vacancy rate to drop dramatically from its already low level.

Outstanding Profile & Functionality

If a high-profile location is what your business needs then do not let this opportunity pass you by.

The property is situated on the corner of Shands Road and Seymour Street in Hornby, Christchurch providing easy access to main arterial routes. The location also benefits from high visibility and traffic count from Shands Road.

The building comprises a large trade showroom, offices and warehouse space. Five roller doors provide drive-through access for customers and delivery vehicles complemented by a large, sealed yard offering plenty of on-site car parking.

69 Shands Road is available for lease from mid-2023.

Key Property Information

www.cbre.co.nz/CCH100187

Three

45 on-site car parks

Available mid-2023

Nathan O’Neill 021 288 2707

nathan.oneill@cbre.co.nz

Scott Bentley 027 203 3310

scott.bentley@cbre.co.nz

69 Shands Road Hornby

Secure Your Future in Halswell

This prime location is highly sought after, making it the perfect opportunity for businesses seeking to expand or relocate close to the thriving industrial hub of Hornby. The property is due to be completed by September 2023, offering ample time for businesses to plan and make necessary arrangements. The building has been designed with functionality and efficiency in mind, providing a perfect space for businesses to operate and grow.

Brigit Hamilton

021 353 341

brigit.hamilton@cbre.co.nz

Hamish Clarke

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

www.cbre.co.nz/CCH100202

Perfect Position, Wigram Yard

Available for lease is approximately 7,000sqm of Business Park zoned land. The landlord will work with tenants to provide specific improvements to the site for your operation.

Positioned off Owaka Road in Wigram, the location provides excellent access to the Southern Motorway and is within close proximity to the surrounding industrial suburb of Hornby.

Currently finished in hardfill to provide all-weather surface.

Nathan O’Neill

021 288 2707

nathan.oneill@cbre.co.nz

www.cbre.co.nz/CCH100037

21 Mcteigue Road Halswell

55 Mcteigue Road, Halswell

Large Central City Warehouse

11 Cass Street offers a vast industrial warehouse that would be a great fit for a variety of uses; from bulk storage, automotive, processing or manufacturing.

This six metre high stud warehouse contains three internal prefab offices; a lunch room, a bathroom and a basic amenity space. Access is provided via a 6m wide x 5m high roller door.

There are few opportunities to secure warehouse space in close proximity to Christchurch’s CBD. Situated only approx. 200 metres from Moorhouse Avenue, this property provides convenient access to the Southern Motorway via Brougham Street.

Key Property Information

www.cbre.co.nz/CCH100106

Central location

Zoned Industrial (7A)

Available now

Nathan O’Neill

021 288 2707

nathan.oneill@cbre.co.nz

11 Cass Street Sydenham

Sprinklered City Fringe Warehouse

This industrial warehouse and office is located just off Moorhouse Avenue in Iversen Terrace. Having recently undergone a major refurbishment, this property now awaits a new tenant.

A generous car park and yard area with dual street access provides a good size devanning area. The warehouse is accessed through two container high doors with a functional mezzanine allowing for extra storage space. The property is complemented by a tidy open plan and proportioned office space with a meeting room, lunchroom and amenities.

Iversen Terrace Waltham

Large-Scale Distribution Facility

45 Produce Place

Islington

This property consists of two high stud warehouses, wellequipped office/ amenity spaces, a sealed yard, a truck wash and a large container devanning area.

This highly secure site will appeal to large industrial occupiers.

Situated close to SH1, this property provides easy access for all vehicle types via a main entrance. The vast yard combined with the high stud of the warehouses gives ease of maneuverability.

Scott Bentley

027 203 3310

scott.bentley@cbre.co.nz

Nathan O’Neill

021 288 2707

nathan.oneill@cbre.co.nz

www.cbre.co.nz/13092021

305 Marshs Road Hornby

Low-Cost Warehouse

If you are looking for low-cost and large-scale storage then 305 Marshs Road, Hornby could be what you are after. Warehouses 1 & 3 offer clear-span warehouses over four bays, ideally suited to bulk storage or light-to-heavy fabrication. The warehouse building’s each come with functional office spaces, toilets and a large lunchroom. Short-term or long-term lease options

Area Type

Area Size

Warehouse 1 3,044sqm

Warehouse 3 3,200sqm

Additional office and amenities for both

Scott Bentley

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

www.cbre.co.nz/CCH100146

7 Kairua Road Hornby

Secure Unsealed Yard For Lease

This is an excellent opportunity to lease a 1,278sqm site which has been converted into a fully secure unsealed yard, ideal for storage. Power and water can be made available if needed by the occupier. 7 Kairua Road can be easily found within the newly created Kairua Industrial Development in Hornby.

Area Type

Area Size

Unsealed Yard 1,278sqm

Zoning Industrial Park (Awatea)

Scott Bentley

www.cbre.co.nz/CCH100232

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

Available for lease now is 101-103 Durham Street South, situated on the main traffic route with prime signage exposure for your business.

Featuring a flexible floor plan, this property currently offers a combination of office space, showroom and warehouse, complete with a roller door for convenient access. The landlord is also willing to make alterations to the property to meet your specific business needs.

Ticks all of the Boxes

Situated within the highly sought-after Waterloo Business Park in Islington, this contemporary A-Grade warehouse offers effortless drive-through access for larger vehicles and boasts a prime location near Hornby, major transportation routes (SH1 & Southern Motorway), the Airport and essential industrial infrastructure.

Available for lease from 1 September 2023, this impressive property is equipped with a high stud, clear span warehouse that features a generous canopy area, two container high roller doors for exceptional weather protection, and convenient container set down. Additionally, the property is complemented by a modern office for seamless business operations.

With a warehouse size of 2,591.63sqm and an office area of 202.23sqm, this well-constructed and appointed property offers ample space for all your business needs.

Four container high roller doors

Drive-through site

www.cbre.co.nz/CCH100228

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

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

Unit 10 & 11/8 Islington Avenue Islington

Brand New Warehouse Opportunity

The property is ideally located in Rolleston, one of the fastestgrowing towns in New Zealand. The Izone Business Park is a hub for manufacturing, logistics and distribution, with easy access to major transport routes and the Port of Lyttelton.

Construction of the warehouse is expected to be completed in Q3 of 2023, offering a brand-new, purpose-built facility for businesses looking to expand or relocate. The property is zoned B2A, allowing for a range of industrial and commercial uses. The landlord is committed to working with tenants to customize the space to meet their specific requirements.

Key Property Information

14 Radius Loop Rolleston

Well Positioned Warehouse

58 Pereita Drive has been designed to suit a variety of occupier types and is primely positioned within close proximity to the Iport Business Park. The premise will consist of a clear-span warehouse, workshop, or factory space with roller door access and excellent office amenities including a staff café and bathroom.

The property will provide great vehicle accessibility into the building, complemented by a secure sealed yard.

58 Pereita Drive is part of Tawhiri Rolleston which adjoins the highly desirable Izone Business Hub. This location is wellpositioned for major transit links to and from Christchurch.

Available June 2023

Scott

3310

58 Pereita Drive Rolleston

Prime Positioned Warehouse

The property will suit a range of industries, especially those looking to service their clients in a blue-chip location. The current layout includes a smart trade showroom with good office and meeting room options through to a high-stud warehouse with plenty of on-site customer car parking. The warehouse has three container-height roller doors, two facing into a secure yard space and the third allowing direct access onto Cable Street at the rear of the property. Access is directly off Blenheim Road (via layby) and additionally at the rear of the property off Cable Street, with signage options on Blenheim Road. Your clients and suppliers will enjoy the drive-through nature of the property.

120 Hoskyns Road Rolleston

Modern Building with Versatile Layout

Don’t miss this opportunity to secure a brand-new industrial building in the heart of Rolleston’s IPort Business Park. This new build available in September/October 2023 is situated on 2,800sqm of land, comprising 1,240sqm of clear span warehouse and 360sqm of single-level office and amenities. The property offers great profile on Iport Drive.

Area Type

Warehouse

Area Size

1,240sqm

Office & Amenities 360sqm

Car Parks To suit

Brigit Hamilton

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

Hamish Clarke

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

www.cbre.co.nz/CCH100119

26 Kingsley Street Sydenham

Spacious Warehouse in Sydenham

This north-facing property in Sydenham is conveniently located just minutes from the CBD and near major arterial routes to the north and south. Comprising of a showroom, office, and two separate warehouse spaces, which can also be combined into one warehouse. This is an ideal property for businesses that require ample space and a strong presence in a top industrial location.

Area Type

www.cbre.co.nz/CCH100225

Brigit Hamilton

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

Fully Refurbished Warehouse

8 Cable Street offers a warehouse with modern office space over two levels, multiple access points and good functional canopy space. The property has undergone a full refurbishment and is ready to occupy.

The property is well-situated in the popular industrial area of Sockburn providing tenants good access to Blenheim Road, at the corner of Watts Road intersection.

Expansive Addington Warehouse

This 600sqm* warehouse is the perfect space for your business operations. Featuring roller doors for easy access, this space is ideal for a range of business types including manufacturing, logistics, or any other industry that requires a spacious and flexible workspace.

Located in the heart of Christchurch’s industrial district, 46 Disraeli Street is easily accessible from major transportation routes.

*approximately

www.cbre.co.nz/CCH100174

Available early 2023

600 AMP power

Two car parks

Secure Yard with Great Profile

The property consists of 1,418sqm* fully fenced concreted yard with an electric gate access system. This multifunctional site will suit a range of uses from vehicle storage, machinery display or general overflow storage. All services plumbed into the site include power, three waters and fibre, ensuring easy connection should you require a portacom, temporary office or a more permanent solution located on the property. The roadside boundary is approx. 40m wide, which will give you excellent exposure to one of Wigram’s main thoroughfares.

Hayton Road provides a central base for a variety of businesses. The area includes easy access to the Southern Motorway and good access to wider Christchurch through Curletts and Blenheim Road. The local amenity includes supermarkets, gyms, cafés and healthcare services which add to the Wigram appeal.

Suitable