Inspect Edition 2

Industrial & Logistics Issue 02 2021

Riverside Warehouses Modern Energy Efficient Warehouses

A small selection of

bıg spaces Spec-Builds Why a spec-build may be the right solution

On Closer Inspection: Up to date insights from the Wiri, Central Corridor and Christchurch Markets

SPACES FOR LEASE

Click to start reading

Left to right: PD1 90 Pavilion Drive, Mangere; 45 Produce Place, Islington; 16 Gateway Park Drive, Pokeno; 211 Blenheim Road, Riccarton.

C ONTE NTS

08 Why a spec build might be the right solution 19 On Closer Inspection: Central Corridor 29 On Closer Inspection: Wiri 36 Auckland Market Snapshot 43 On Closer Inspection: Christchurch 50 Christchurch Market Snapshot Click to jump to a section FC2 INSPECT ISSUE #2

Letter from the Editor Claus Brewer National Director Industrial & Logistics

Welcome to our second edition of Inspect.

Welcome to the second edition of Inspect, our quarterly magazine that focuses on opportunities in the industrial and logistics sector and highlights pre-commit, under construction and existing solutions available for occupiers.

In this edition we focus on opportunities available in our core markets of Auckland and Christchurch. Vacancy remains very low in Auckland and is continuing to fall in Christchurch, the pressure of the lead-in to Christmas with continued supply chain disruption has meant occupier enquiry levels have been high.

The flight to function I touched on in our first edition is being compromised for occupiers with a lack of choice and availability.

In our last edition we spoke about speculative supply not keeping pace with current demand and in this edition we gain insights from Michael Gimblett of Goodman, Tony Catton of LOGOS, Fernbrook and Rob Logie of CIAL who all have spec-build programmes underway.

Two of our geographic specialists in Auckland provide a locationfocused update and we also look at the changing Christchurch market, where we are seeing record-setting transaction levels and a tightening of historically abundant land opportunities.

component of the footprint growth in our logistics marketplace.

More and more occupiers are seeking input from our Supply Chain team to gain a deeper understanding of their current and future needs and the need to plan long-term is becoming more and more paramount.

Enjoy the second edition of Inspect. We know it is a busy time and that the pressures of the last quarter will be exacerbated in 2021, but do not hesitate to reach out to if you need urgent advice or a plan for the future.

Our Research team is has commenced the H2 2021 Vacancy Survey and we anticipate further tightening across the sector.

Retailers in Auckland will be relieved to open the doors again and the sustained e-commerce drive will continue to be a key

INDUSTRIAL & LOGISTICS 01

www.cbre.co.nz/204798888Q4

Pavilion Drive Efficiency and Flow PD1 & PD2, 90 Pavilion Drive Airpark, Mangere

90 Pavilion Drive has been planned and designed to allow for truck flows and functional logistics, manufacturing and warehousing.

02

Artist impression PD2 – subject to final design

Key Property Information: PD 1 Area Type

Area Size

Warehouse

8,290sqm

Office

420sqm

Canopy

1,692sqm

Yard

2,565sqm

Car Parks

50

Key Property Information: PD 2 Area Type

Area Size

Warehouse

5,200sqm

Office

317sqm

Canopy

899sqm

Yard

1,840sqm

Car Parks

36

Thought has been given to appropriate office to warehouse ratios and leading design to ensure maximum cubic capacity and operational efficiency and flow.

Claus Brewer

Alex Divers

The facilities are in a sought after Airpark location with proximity to Auckland Airport and key arterial routes.

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

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

These high spec buildings that are targeting a Greenstar NZ rating will be ready for occupation in December 2022, and the owner (Fernbrook) is engaging with occupiers now.

Bruce Catley

INSPECT ISSUE #2

021 729 004 bruce.catley@cbre.co.nz

below: Artist impression PD1 – subject to final design

"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: PD1: 12.68m|PD2: 13.385m

and 16.75m to the ridge

INDUSTRIAL & LOGISTICS 03

www.cbre.co.nz/20122708Q2

Lot 4

Prime Rail, Air and Motorway Hub Otahuhu Logistics Estate 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. Two high-spec warehouses are currently under construction due for completion Q2 ready for your business to join the prominent neighbouring companies such as Toll, Pacific Steel, Online Distribution, General Motors and Mainfreight.

04

INSPECT ISSUE #2

Key Property Information - Lot 4 Area Type

Area Size

Warehouse

20,400sqm

Office

1,200sqn

Canopy

4,557sqm

Yard

8,399sqm

Rail Access

Claus Brewer

Bruce Catley

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

021 729 004 bruce.catley@cbre.co.nz

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

Auckland CBD

Otahuh

Southern Motorway

Metro Port 16

Railway Henderson

Mou

Mainfreight Transport L’Oreal New Lynn

Pacific Wire

Kaka Street

NZ Chemical Care

Tanker Engeneering

James Fletcher Drive Waitakere Ranges Regional Park

Pacific Steel NZ

Sims Metal

Otahuhu Logistic Estate

Steel & Tube

Savill Drive

Artist impression – subject to final design

"High Spec Warehouses Available Q2 2022 "

Prime central location

Great access to SH1 and SH20

13.4m Stud height to the knee

Offices over two levels

INDUSTRIAL & LOGISTICS 05

Artist impressions – subject to final design

Modern Efficient Warehouses Riverside Warehouses East Tāmaki

The Riverside Warehouses offer occupiers high quality warehousing solutions with great profile onto Highbrook Drive at Highbrook Business Park. The warehouses are currently under construction and are expected to be completed in October 2022. In close proximity is the amenities at Highbrook Crossing and easy transport links to the wider Auckland area via State Highway 1. Riverside Warehouses are targeting a 5 Star Green Star certified rating and will include EV charging stations and solar panels, making this an energy efficient occupation option.

Area Type

Area Size

Warehouse

3,586sqm

Office

400sqm

Canopy

452sqm

Yard

981sqm

Key Property Information: Warehouse C Area Type

Area Size

Lewis Watson

Claus Brewer

Warehouse

2,097sqm

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

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

Office

300sqm

Canopy

584sqm

Yard

982sqm

www.cbre.co.nz/204799054Q4 06

Key Property Information: Warehouse B

INSPECT ISSUE #1 #2

6,305sqm Warehousing in East Tāmaki Key Property Information Area Type

Area Size

Warehouse

6,305sqm

Office

663sqm

Canopy

632sqm

Yard

2,778sqm

31 Business Parade North East Tāmaki

Drive-through, secure yard

31 Business Parade North is a standalone facility within Highbrook Business Park, boasting secure and drive through yard capability. The 6,305sqm warehouse has a 9.7m stud height to the knee, offering efficient racking optionality and 3 roller doors for access to and from the yard. This facility is expected to be available in April 2022, act now and secure this world-class facility.

9.7 metre stud height, prime for racking

Lewis Watson

Claus Brewer

022 650 8044 lewis.watson@cbre.co.nz

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

Located in sought after in Highbrook Business Park

www.cbre.co.nz/199318891Q4 INDUSTRIAL & LOGISTICS 07

Why a spec-build may be the right solution CBRE takes a closer look into the spec-build developments coming to market in 2022 and beyond.

AN INTERVIEW WITH MIKE GIMBLETT, TONY CATTON AND ROB LOGIE INTERVIEWED BY CLAUS BREWER

08

INSPECT ISSUE #2

"This in turn means many customers require more space to hold stock and to meet consumers expectations of last mile delivery."

Artisit Impression of

Reiverside Warehouses, East Tamaki: A Goodman Property Spec-build

With NZ industrial vacancy levels remaining exceptionally low, demand continues to outstrip supply. Inspect takes the opportunity to discusses specbuild developments with three sector leaders, Mike Gimblett, General Manager Development, Goodman, the General Manager Development NZ at LOGOS Tony Catton, a representative from Fernbrook and Rob Logie, Manager Property Development for Christchurch Airport.

They impart their views on how spec-builds play an important part in creating opportunities for occupiers looking for generic, quality space vs design & build and how spec-build may be the solution for occupiers seeking the space needed without the wait.

New Zealand’s supply chain is constrained which is being driven in part by 1% industrial vacancy rates. This in turn means many customers require more space to hold stock and to meet consumers expectations of last mile delivery. These demand levels don’t appear to be changing in the near future, so spec-build offers an excellent opportunity for occupiers seeking to secure space without the customised fit-out as their business needs grow.

Mike Gimblett, General Manager Development at Goodman comments that the opportunity for Goodman’s brownfield sites is around their key locations and underlying existing

industrial zoning: “Our central locations provide excellent access to consumers, ports and the airport which is key for efficient logistics.”

With some brownfields having defined boundaries you can design a space that is generic and efficient given the current demand and supply factors – and spec-builds are leasing fast. What’s the key to doing it right from a development point of view? Gimblett says: “We design good, efficient warehouses that provide sound ratios of yard, warehouse and office.

It’s definitely meeting the needs of the market.”

A spokesperson from Fernbrook highlighted they had recently acquired two parcels of land to accommodate four spec-builds. “We experienced the scarcity of available industrial options in Auckland through our related businesses which has prompted us to focus on building state-of-the art spec-build facilities by the end of next year. These will be targeting Green Star Rating and look to appeal to a wide-range of industrial occupiers.”

Christchurch Airport began developing spec-build simply to meet this demand. Rob Logie, Manager Property Development says: “Not every tenant can wait for 18-24 months for a design & build to be discussed, designed and completed. We are slightly unique in that we develop and hold, and could see we were missing an important part of the occupier market.

“Our number one goal is to build to a high-quality standard of design and hold the property. We don’t build a lot of spec-build and we do individual

INDUSTRIAL & LOGISTICS 09

assessment of market requirements each time.

There’s a thought process around orientation of building, and we create a simple but quality finish in both the office and warehouse spaces. We’re a little different in that once we’ve gone through consent process, we don’t change the design – we’re creating a time sensitive quality product and it generally meets most occupier requirements.”

Building without pre-commitment Pushing the button on construction without any pre-commitment is viable with the demand and supply levels currently experienced within NZ. With a focus providing a speed-to-market solution of quality space that meets that demand, spec-builds can take approximately nine months to come to market from pushing the button, as opposed to a design & build of around 12-18 months, so the growing presence of spec-build makes sense.

Tony Catton, General Manager Development NZ at LOGOS comments there are several factors they consider when doing spec-build. “Firstly, it’s about where your cost risk sits – especially in markets where construction and infrastructure pricing are escalating, having the ability to fix that pricing allows you to have a clear view of the road ahead. Secondly, with market rents generally growing it allows you to guarantee your revenue and lastly, with everything there is risk – we design generic spaces and try to cater to as wide a market as possible to ensure it stays relevant.

“LOGOS is developing a 20,000sqm spec-build in Otahuhu, which we believe is well positioned to meet market demands. This size is where the market is heading and we have built this to maximize the protentional and uniqueness of size.

Occupiers optimising spec-builds - now's your chance Though a spec-build isn’t customised to the occupier, in some cases, if committed to early enough, there is opportunity to integrate fitout requirements into the building programme: racking design, lighting and sprinkler placement, fitout of warehouse and office space and more. Occupiers need to be proactive and look at upcoming space as early as possible.

Committing to a spec-build can still offer occupiers numerous efficiencies and benefits. Goodman property delivers this through their sustainability commitment which sees new builds targeting a 5 Star Green Star Rating, reducing carbon emission on developments through use of a more sustainable materials and off-setting all embodied carbon that is produced through the construction process.

Within the asset they provide EV charging, LED lighting and rain water harvesting to name a few, allowing many occupiers to meet sustainable targets expected by both the customers and shareholders.

Catton highlights sustainability plays a business as usual approach to their spec-builds: “As an organisation we are also targeting 5 Star Green Star buildings and above. These sustainability initiatives are not only been driven by occupiers but also by our investors and the outcome it provides. Our global policies are about ensuring we source local where possible and that our subtrade supply chains are ethically viable and that best practice is being used.”

“Many occupiers want to look and feel the building that is coming out of the ground, they want to understand how their loading will work and access to the street, which helps with their ability to make a decision.”

So how does a spec-build stand out to prospective occupiers? Gimblett comments: “Goodman looks to stand out around the locations that we offer, the sustainability features we are committed to for all our new developments and the quality of the finished building. It’s maintaining a strong reputation, and doing the right thing by our clients and being a good landlord.”

10

INSPECT ISSUE #2

Artist Impression of Lot 4, Otahuhu Logistics Estate: A 20,000sqm Spec-Build being developed by Logos.

Artist Impression of PD1, 90 Pavilion Drive Airpark, Mangere: A Fernbrook Spec-Build

Logie says sustainability is an enormous focus for Christchurch Airport as a whole, and certainly for the property side of the business. “As a good practice builder, we build quality and bring longterm viewability. We have developed guidelines to maintain this amongst the buildings and incorporate sustainable elements, such as EV charging points which are now expected. We have great infrastructure, access to water and electricity and offer solar power and sustainable transport to our campus. Christchurch Airport is focused on the outcome and conscious of keeping OPEX as low as possible for occupiers.”

The long-term supply strategy Catton notes many occupiers tend to leave decisions late or their business is changing so much that when they approach their lease expiry, they haven’t necessarily got the time to look at design & build and wait for another 12-18 months.

Spec-build is available supply and has advantages to occupiers: “As much as spec-build locks in the pricing for us, occupiers are locking in rentals.”

Logie agrees. “If you’ve got a quality spec build available, people can see the pathway to expanding or changing the property requirements of the business. Access to the existing market is key.”

Spec-build definitely has its place in the long-term future of industrial supply, but design & build is

still a feature for many in their long-term strategy.

Gimblett says “Our strategy is focused on welllocated assets. Over the next 5-10 years we will be progressing opportunities on our brownfield sites and given the market demand this will be a mixture of spec-build and design and build development.”

The Auckland supply market highlights spec-build has its place says Catton: “With the lack of supply coming through, the demand is such that it will become a real risk for the market. We’re future proofing our warehouses by extending the ridge height from 13m to 16m which we believe will be the norm within three years. Though we are focused on both design & build and spec-build, having good quality product immediately available in the market to meet occupiers demands means we can accommodate these needs.”

Fernbrook see the growing opportunity in the New Zealand market for spec-builds which also aligns with offshore trends. “We intend to continue to grow our portfolio to include spec-build market-leading solutions.”

A key criteria around property at airports is it diversifies the income stream for aeronautics. Logie adds “We’re a long-term holder and have a large portfolio. Spec-builds fill in the gaps within our portfolio delivering good quality and less specialised warehousing amongst our design & build products.”

INDUSTRIAL & LOGISTICS 11

www.cbre.co.nz/21182492Q2

Rare chance to operate from the Port Shed 1, Waitemata Sea Port Auckland Central

This 5,117sqm warehouse is located in prime position within Ports of Auckland’s Waitemata Sea Port, providing a unique opportunity for high volume importers and exporters to secure footprint in a strategic logistics location. With a highly usable yard for loading and unloading of containers straight off the port, and minimal office footprint, this property ticks all the boxes and will not be available for long.

12

INSPECT ISSUE #2

Key Property Information Area Type

Area Size

Warehouse

5,117sqm

Office

66sqm

Yard

771sqm

Stud Height

9.6 metres

Claus Brewer

Kate van der Zeyden

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

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

"A unique opportunity for high volume importers and exporters"

Excellent CBD location

Great truck access

MPI approved facility

Easy loading and unloading access

INDUSTRIAL & LOGISTICS 13

Artist impression – subject to final design

Brand New With Great Exposure 34 Airpark Drive Mangere

On offer to lease, is this brand new A-grade 13metre 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 2022 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

Alex Divers

Claus Brewer

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

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

George Bolt Memorial Drive frontage Light Industry Zoning

www.cbre.co.nz/186230122Q4 14

INSPECT ISSUE #2

Prime Position At The Airport 47 Rennie Drive Mangere Key Property Information Area Type

Area Size

Warehouse

528sqm

Office

209sqm

Yard

350sqm

Car Parks

10

Fully secure and fenced

Dual access with drive through capability

Strategically located at the heart of the Airport Oaks industrial precinct, surrounded by well-established blue chip tenants such as Mainfreight, Foodstuffs, Mondiale & Go Healthy NZ. The property offers 1,593sqm of land area, complemented with a favourable warehouse to office ratio. Located on a high profile corner site with dual access from Montgomerie Road (main access) and Rennie Drive. This site is a unique vacant possession offering that is available to the market for sale or lease.

This property will appeal to a wide range of tenants, investors or owner occupiers.

Hetu Shah

Alex Divers

021 800 538 hetu.shah@cbre.co.nz

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

Ability to drop multiple containers

www.cbre.co.nz/189958230Q4 INDUSTRIAL & LOGISTICS 15

www.cbre.co.nz/196665011Q4

Airport Scale Available Now A & B, 147 Kirkbride Road Mangere

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 recyled 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 Mangere/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.

16

INSPECT ISSUE #2

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 Area Type

Area Size

Warehouse

9,260sqm

Office

360sqm

Canopy

1,870sqm

Yard

1,500sqm

Claus Brewer

Alex Divers

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

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

E ROAD

KIRKBRID

Building A

147 Kirkbride Road 10,805 sqm

Canopy Canopy

Building B 7 Ascot Road 9,290 sqm

"High quality industrial warehouse under construction"

Prime Airport location with close proximity to SH20

Excellent truck access

13.7 metre stud height

50KPa floor loading capability

INDUSTRIAL & LOGISTICS 17

Value, Location & Quality 9 Pacific Rise

Mount Wellington 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.

Chad Greer

Alex Hopkinson

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

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

Key Property Information Area Type

Area Size

Eastern Warehouse

590sqm

Northern Warehouse

207sqm

Office

826sqm

Showroom

382sqm

50 car parks Modern warehouse, offices and showroom Gantry crane

www.cbre.co.nz/21095116Q1 18

INSPECT ISSUE #2

On Closer Inspection:

Central Corridor

Chad Greer Associate Director

"Last Mile Delivery Effect has resulted in healthy net effective rental growth, sharp rises in capital values and historic low vacancy and yields throughout South Auckland, particularly throughout the central corridor where these locations are benefitting from last mile delivery."

Although the pandemic largely left its mark on rental performance in 2020, net effective rental growth resumed by Q4 and, despite the 2021 Delta lockdown, has since reached record levels through both incentives and rising of rental rates. A-grade warehousing rents have now shot over the $150/sqm mark with new build asking rents now creeping up to $180-$190/sqm, the last mile delivery effect.

With the supply chain issues and e-commerce boom, it is not surprising that demand for industrial space remains extremely strong, resulting in markedly decreasing vacancy across all grades.

The total industrial vacancy rate moved from 1.5% in December 2020 to just 1.0% at the end of June this year, with prime vacancy in the central corridor currently sitting below 0.9%.

Investor and owner occupier demand for industrial assets remains extremely strong with Prime grade cap rates firming an additional 12bps, resulting in an almost 1% compression between March 2020 and March 2021. While industrial yield firming slowed in Q2 this year, it is more the result of cap rates being already historically low than any slowdown in demand for industrial properties in the past three months, with the lower end of our Prime yield range currently sitting at an historical low of 3.63%.

The double-digit industrial land value growth experienced in 2020 has moderated to 6.8%. Overall indicative land values stand at $922/sqm as of June 2021 and the upper end of our value range is currently at $1,300/sqm for a sizeable parcel of industrial land, although smaller sections closer to the city can transact at even higher levels.

INDUSTRIAL & LOGISTICS 19

Last Mile to Delivery Location 40 Leon Leicester Avenue Mount Wellington

40 Leon Leicester Avenue is a strtegically 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.

Chad Greer

Alex Hopkinson

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

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

Key Property Information Area Type

Area Size

Warehouse

10,000sqm +/-

Office

500sqm +/-

Yard

4,000sqm +/-

Stud Height

13m+

Brand new turn key opportunity

Central location (10 minutes from CBD) Sizeable development

www.cbre.co.nz/20022720Q2 20

INSPECT ISSUE #2

Brand New High Stud Industrial 35 Jomac Place Key Property Information

Avondale

Area Type

Area Size

Warehouse

2,022sqm

Office

224sqm

Canopy

277sqm

Yard

974sqm

The ideal balance of office and warehouse space with multiple access options via three roller doors.

Given its location at the end of the Jomac cul-desac, there is ease of access for truck turn-around and drop-off. The site is able to cater to container delivery and storage and is fully fenced for security.

Ample car parking

Brand new build

Luke McGill

Alex Divers

021 022 08889 luke.mcgill@cbre.com

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

Located in an A-Grade industrial park

www.cbre.co.nz/19289975Q4 INDUSTRIAL & LOGISTICS 21

15,000sqm Yard Offering Flexibility 16 Rupeke Place Henderson

Key Property Information

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 the possibility here for design and build lease options and to have the yard split into smaller segments.

Area Type

Area Size

Land

15,000sqm

Flexibility offered

Great industrial location

Luke Goldstone

Luke McGill

021 147 7400 luke,goldstone@cbre.com

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

www.cbre.co.nz/199063752Q3 22

INSPECT ISSUE #2

Design & Build considerations

Well Situated Warehousing Building A, 439 Rosebank Road Key Property Information Area Type

Area Size

Warehouse

655sqm

Office

240sqm

Canopy

420sqm

Yard

520sqm

Avondale

Rosebank Road, Avondale is only a 10 minute drive from Auckland's CBD and is recognized as a prime location for all business types. This is your opportunity to secure a modern, high quality building right in the heart of a thriving business precinct. There are 3 units available here, take one or take them all - the choice is yours!

High quality new building

Prime location

Luke Goldstone

Alex Divers

021 147 7400 luke,goldstone@cbre.com

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

www.cbre.co.nz/197186752Q3 INDUSTRIAL & LOGISTICS 23

www.cbre.co.nz/21182488Q2

Avondale Industrial HQ 40 Jomac Place Avondale

This first class industrial HQ spanning 5,000sqm square metres is now under construction in Avondale and will be completed by May 2022.

Key Property Information Area Type

Area Size

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.

Warehouse

5,000sqm

Office

595sqm

Canopy

915sqm

Yard

1,685sqm

A well appointed office and amenity area spread over two levels adjoins the warehouse and provides a stunning outlook across the city fringe.

Stud Height

13 metres

In this tightly held market, properties of this kind are incredibly rare.

24

INSPECT ISSUE #2

Luke McGill

Alex Divers

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

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

"A stunning outlook across the city fringe"

Prime industrial location

Zoned Light Industrial

Brand new building allowing for flexibility

Access to Auckland's motorway routes

INDUSTRIAL & LOGISTICS 25

PRIVATE

EXISTING FREE STANDING DEVELOPMENT SIGN

48

4

45

5

44

6

41

9

38

34 12

39

11 12

37

13

33

17

32

18

31

19

30

20

6m

29 28 27

R/D

C

A

7

8

18 19 20 21 22 23

N

O

PY

41

x

1.2m wide Accessible Route

12

123456

35

34

Bike Park

D FFL 29.60

WAREHOUSE 7,812 m2

26

35 34 33 32 31

3 4

R/D

E

34

16

35

15

36

14

R/D 6m

25

6

RS 7 ITO 1 VIS 16 15

IN R/D 6m

WAREHOUSE 4,691 SQ.M

23

68,3 50

24

5

OFFICE 497 SQ.M OVER 2 LEVELS

14 13

21

FEN

R/D

40

10

R/D

6m

Neighbouring Building

4

IN

48 47 46 45 44 43 42 41 40 39 38 37 36

FENCE

ON EW AY

12 11

22

ONE WAY

10

OUT

Pump Room

9

Bike Park

WASTE COLLECTION POINT BUILDING C

SC

ROAD

49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72

6m

42

8

43

7

6m

9 10 11 12 13

52 51 50 49

CANOPY CANOPY 1,309 m2

46

3

47

2

1

OUT

8

Bike Park

ACCESS

30 29 28 27 26 25 24

RIGHT TURN IN

OUT

7

6

Bike Park 123456 123456

10m WIDE

33 32 31

OUT IN

5

32 33 34

21 22 23 24 25 26 27 28 29 30 31

1

20

2

IN

3

FREE STANDING SIGN 10 11 12 13 14 15 16

116 ,900

S1

58

36

57

37 39

55

40

54

41

53

28.52 30.00 28.61 30.04

52

30.04

BW TW

51

50

49

43 42

28.51 30.03

38

56

28.93 29.05

nor th

48 47 46 45 44

29.45 30.04 29.95

1

Proposed Building E Site Plan

Brand New East Tamaki Build -

Scale 1:500

27E Smales Road East Tamaki

This East Tamaki development is an opportunity for businesses looking to lease a high-end presmises in a prime East Tamaki location. This A-Grade warehouse has a stud height of 10 metres and boasts six roller doors. Easy drive through yard access for trucks will make devanning or container dropping simple and efficient. This large new spec build is to be completed end of February 2022.

Lewis Watson

Claus Brewer

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

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

www.cbre.co.nz/21182568Q3 26

INSPECT ISSUE #2

Key Property Information Area Type

Area Size

Warehouse

7,812sqm

Office/Showroom

600sqm

Canopy

1,309sqm

Stud Height

10 metres

72 car parks Drive-through yard

Prime East Tamaki location

IS THE RIGHT LOCATION CRUCIAL FOR YOUR BUSINESS’S SUCCESS?

CBRE Supply Chain Advisory specialises in providing occupiers with the most effective supply chain strategy for their business, delivering solutions that meet both current and future operational needs. Services include; Supply Chain Strategy, Network Design, Outsourcing and 3PL Selection, Facility Design, Operations Optimisation and Business Case Development.

Talk to the team today to find out how we can create efficiencies in your supply chain.

www.cbre.co.nz

INDUSTRIAL & LOGISTICS 27

South Auckland Freight Hub Vacancy Freight Hub, Wiri Station Road Wiri

Key Property Information

Located within Ports of Aucklands’ 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 minimal amenity on site and a large hardstand area for operational efficiency, this property will not be available for long.

Paul Steele

Claus Brewer

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

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

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 wellmaintained facility

www.cbre.co.nz/189954303Q4 28

INSPECT ISSUE #2

On Closer Inspection:

Wiri

Paul Steele Wiri is a pivotal industrial suburb of Auckland, straddling the juncture of State Highway 1 and State Highway 20; the primary East and West road routes in Auckland.

Goodman's 70 Plunket Avenue, Manukau

Director Throughout the pandemic, Wiri, like other industrial suburbs of Auckland, has not seen any loss of industrial occupiers from its stock levels and instead demand has increased, putting a strain on development.

Several high-profile companies including NZ Post, Countdown and GPC have committed to new Design Builds in the area with over 120,000sqm of new development currently under construction.

The extent of this pre-committed development activity has slightly inhibited the ability for developers to also bring new large speculative developments to the market, with Goodman’s 10,700sqm new build at 70 Plunket Avenue, Logos’ two-unit 14,415sqm at Wiri Logistics Estate, and Fife’s 13,355sqm at Stonehill Business Park the exceptions. As of November 2021, over half of this space has already been leased, despite the buildings all under construction and not yet available for occupation. This shows that occupiers are understanding the difficulty in securing space and are planning ahead with their business decisions, committing to buildings that are still under construction to guarantee they secure space for the future.

The strength of the industrial leasing market is buoying developers’ appetite for more land, with transactions concluded by CBRE over the last six months including the sale of over 280,000sqm of greenfield at 100 Prices Road for $77million plus the sale of 8 Norman Spencer Drive, where 24,154sqm of brownfield land sold for $25.9million.

INDUSTRIAL & LOGISTICS 29

www.cbre.co.nz/20479907Q4

High Profile Logistics Facilities 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.

30

above: Artist impression JG2 – subject to final design

Key Property Information: JG 1 Area Type

Area Size

Warehouse

6,984sqm

Office

400sqm

Canopy

1,803sqm

Yard

1,101sqm

Car Parks

50

Key Property Information: JG 2 Area Type

Area Size

Warehouse

11,001sqm

Office

500sqm

Canopy

2,155sqm

Yard

4,022sqm

Car Parks

72

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

Strong floor loads and targeting a NZ Greenstar rating, the buildings are being built by Haydn & Rollett construction with completion programmed for December 2022

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

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

Bruce Catley

INSPECT ISSUE #2

021 729 004 bruce.catley@cbre.co.nz

below: Artist impression JG1 – subject to final design

"High quality consented industrial warehouses"

Good access to both SH20 and SH1

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 31

Well Situated Warehousing 47A Dalgety Drive Wiri

A high quality high stud warehouse located in close proximity to SH1 and SH20, 47A Dalgety Drive offers to the market an opportunity to secure an ideal warehouse to office ratio, A-Grade headquarters with generous yard space.

Vinay Patel

Paul Steele

021382 525 vinay.patel@cbre.co.nz

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

Key Property Information Area Type

Area Size

Warehouse

1,048sqm

Lean to

357sqm

Brand new A Grade warehouse

Standalone building with canopy Heavy Industry Zoning

www.cbre.co.nz/196539218Q3 32

INSPECT ISSUE #2

Cost Effective Warehouse Solution 86C Plunket Avenue Manukau Key Property Information Area Type

Area Size

Warehouse

11,790sqm

Office

174sqm

Canopy

2,007sqm

Yard

1,976sqm

Situated in M20 Business Park, 86C Plunket Avenue offers efficient and cost effective warehouse space of scale in a tightly-held market. The warehouse is fully sprinklered and has LED lighting throughout with associated office, canopy and yard. This facility is expected to be available early January 2022.

Close to key arterial routes and motorways as well as a variety of amenities, including the Manukau Supa Centa. Bus stops are located in front of this facility on Plunket Avenue.

Efficient and cost effective space

Large, drive-through yard

Paul Steele

Vinay Patel

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

021382 525 vinay.patel@cbre.co.nz

Easy motorway access to SH20 & SH1

www.cbre.co.nz/200899003Q3 INDUSTRIAL & LOGISTICS 33

www.cbre.co.nz/19300031Q3

Design and Build Option Building 4B

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. Building 4B a high spec warehouse and office will be ready for occupation Q2 2022 or opt to have a facility designed and built within 10 to 12 months on the last remaining lot within the LOGOS Wiri Logistics Estate. CBRE welcomes all occupier requirements.

34

INSPECT ISSUE #2

Artist impression – subject to final design

Key Property Information - Building 4B Area Type

Area Size

Warehouse

5,600sqm

Office

400sqm

Canopy

624sqm

Yard

904sqm

Key Property Information Design and Build Area Type

Area Size

Site

41,781sqm

Warehouse options

10,000 - 25,000sqm

Claus Brewer

Paul Steele

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

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

Wiri Logistics Estate

Wiri Inland Port

Artist impression – subject to final design

700m

"Design & build options available from 10,000sqm to 25,000sqm"

Prime Wiri location

Flexible options available on request

Unprecedented location to main arterial routes

Stud height's of 12.6m plus to the portal knee

INDUSTRIAL & LOGISTICS 35

Auckland Market Rentals

NORTH SHORE B Grade

A Grade

$130 to

$105

GLENFIELD

to

$120

$150

C Grade

$95 to

$100 TAKAPUNA

Market rentals for A, B and C Grade space

The below ranges capture the warehouse MASSEY component of the rental.

AUCKLAND

GREY LYNN

NEWMARK HENDERSON

WEST AUCKLAND AVONDALE

A Grade

B Grade

C Grade

to

to

to

$130 $150

$115 $130

$95

$110

P ONEHU

A Grade

$140 to

$160

AIRPOR A Grade

$135 to

$150

B Grade

$125 to

$135

"The Auckland industrial market has experienced yet another strong 6-month period in the first half of 2021 with continued rental growth and low vacancy, increased construction costs and rising land values."

MT WELLINGTON

KET

A Grade

B Grade

C Grade

to

to

to

$135 $180

$125

$100

$130

$120 HOWICK

EAST TAMAKI

PENROSE

PENROSE

NGA

B Grade

C Grade

to

to

$130 $145

A Grade

B Grade

C Grade

to

to

to

$125

$130

$110

$105

$135 Vacancy $125

$160

$130 EAST TAMAKI

RT

MANGERE

C Grade

WIRI

$100 to

$120

A Grade

B Grade

C Grade

to

to

to

$105

$130 $150

WIRI

$125

$100 $115

WAIHEKE ISLAND

www.cbre.co.nz/21182551Q4

Unmissable Compact Units 16 Gateway Pokeno

Gateway is a light industrial development of affordable, small to medium sized units in Pokeno.

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 unique offering in a high-growth precinct not to be missed.

38

INSPECT ISSUE #2

Key Property Information Area Type

Area Size

Warehouse

318sqm

Office

104sqm

Canopy

20sqm

Stud Height

8 metres

Chad Greer

Vinay Patel

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

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

SOLD SOLD

SOLD

SOLD

SOLD SOLD SOLD

UNDER OFFER

UNDER OFFER SOLD

"Robust construction, soaring stud height, tall roller doors, and truck-friendly access"

Close to public transport

Close to motorway on/off ramps

Parking available

Competitive rates

INDUSTRIAL & LOGISTICS 39

www.ruakura.co.nz

Revolutionising the Importance of Place Ruakura Superhub

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 Port 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.

40

INSPECT ISSUE #2

Claus Brewer

Kate Van Der Zeyden

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

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

"Design & Build Available"

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 41

WHEN EXPERIENCE MATTERS, TRUST CBRE

Our priority is to deliver total property solutions that result in exceptional client outcomes. Contact one of our local real estate experts for award-winning, professional advice and get the best returns for your commercial property.

www.cbre.co.nz

42

INSPECT ISSUE #2

On Closer Inspection:

Christchurch

Hamish Clarke "The future for Christchurch's industrial market is encouraging with robust demand in 2021 for wellpresented, leased assets along with increased transactional activity from out-of-town buyers"

4.85 ha Waterloo Business Park sold to local owner occupier

Director Overall, the market is approaching 4.2 million square metres with over 40,000sqm of A-Grade supply added in the first half of the year, cementing the city’s position as the second largest industrial market in New Zealand. Occupier and development activity is focused on Rolleston and Hornby, which has resulted in secondary stock gradually being withdrawn from the market into non-industrial space.

We have seen vacancies overall decrease to 3.3% mid-year and while there continues to be strong demand for A-Grade stock, vacancy is minimal at 3%. Rents to date have seen modest increases but we have seen upward pressure on land and build costs.

Industrial land remains in hot demand in 2021, driven by numerous owner-occupiers seeking greenfield sites. Most sales of industrial land have been to owner-occupiers and, as a result, there is a limited supply of industrial freehold land available to buy. This in turn is steadily pushing up prices, motivating developers to secure pipeline to satisfy anticipated demand. The shortage is being felt even more strongly when it comes to larger industrialzoned sites over 5ha, with a very limited number available to buy.

This was evident recently with a sale brokered by CBRE at Waterloo Business Park of approx. 4.85ha for more than $16m to an owneroccupier who had been looking for a suitable site for some time.

INDUSTRIAL & LOGISTICS 43

www.cbre.co.nz/13092021

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 trust wash) which can accommodate numerous containers and trucks, all on a very secure, well presented site.

44

Scott Bentley

Nathan O'Neill

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

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

INSPECT ISSUE #2

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 45

Prime Facility at the Airport 16 Ron Guthrey Drive Christchurch Airport

Needing to situate your business close to the airport? Then this property on Airport land is within 1 kilometre of the airport terminal and sits just off Russley Road (SH1).

A great opportunity to lease this modern warehouse facility offering a wide span warehouse facility, single level partitioned and open plan office space, a cross dock for palletised goods or parcel freight and a large concreted yard area next to the east-west runaway. This site provides excellent truck access and drive around ability.

Key Property Information Area Type

Area Size

Warehouse

3,725sqm

Office

461sqm

Canopy

572sqm

Yard

5,000sqm

Cross Dock Area

Scott Bentley

Hamish Clarke

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

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

7 metre stud height Large concrete yard

www.cbre.co.nz/22092020 46

INSPECT ISSUE #2

New Logistics Warehouse & Yard 925 Halswell Junction Road Islington Key Property Information Area Type

Area Size

Warehouse

2,368sqm

Office

245sqm

Canopy

242sqm

Yard

2,182sqm

Completion end of 2021

Warehouse 1 is due for completion in Q4 2021, this warehouse and yard facility will be built to the highest of standards (Warehouse 2 has already been leased).

An 11 metre knee large canopy and secure yard space with fantastic access for large vehicles means this property will suit many uses and products.

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

Surplus yard with dual access Excellent roading connectivity

www.cbre.co.nz/88998899 INDUSTRIAL & LOGISTICS 47

Warehouse, Office and Showroom 211 Blenheim Road Riccarton

Well situated on the corner of Blenheim Road and Acheron Place in Riccarton. Your business will surely benefit as Blenheim Road has one of the highest traffic counts in Christchurch.

Take your business to the next level with this property. This property offers clear span warehouse space with a single level office and showroom fronting onto Blenheim Road. Excellent car parking is available at the front of the property as well as excellent access for trucks delivering containers or making other deliveries.

Scott Bentley

Nathan O'Neill

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

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

Key Property Information Area Type

Area Size

Warehouse

2,180sqm

Office

150sqm

Canopy

205sqm

Yard

1,000sqm

Trade Centre

350sqm

High profile corner site

Zoning - Industrial General Warehouse is racked

www.cbre.co.nz/19052021 48

INSPECT ISSUE #2

Warehouse with Secure Yard 33 Treffers Road Wigram Key Property Information Area Type

Area Size

Warehouse

1,520sqm

Office

231sqm

Land

4,592sqm

Stud Height

6.2 - 8.5 metres

Three container high roller doors

Secure fenced yard

The Warehouse is 6.2m at the knee and 8.5m at the apex and accessed through 3 container high roller doors.

The single level office space makes for easy access and good communication. The property is complemented by a fenced secure yard with good access.

Located on a rear site in Treffers Road Wigram with exposer to Curlets Road. This is a central Industrial location with excellent arterial links through to the port, city and to the state highway via the Southern Motorway. Surround by very good locally amenities, including a supermarket, cafes, bars and a cinema.

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

North facing aspect

www.cbre.co.nz/09092021 INDUSTRIAL & LOGISTICS 49

Christchurch Market Rentals

1

Market rentals for A, B and C Grade space The below ranges capture the warehouse component of the rental.

NORTH

CHRISTCHURCH AIRPORT

$1

$110

C Grade

to

to

to

$140

t

to

B Grade

$115

$

$95

A Grade

$130

BG

A Grade

$95

$130

$110

73

SOCKBURN A Grade

B Grade

to

to

$90

1

$110

$85

$100

A Grade

B Grade

C Grade

to

to

to

$110

$90

$100

$75 to

$85

MIDDLETON

HORNBY $95

C Grade

$70 $90

A Grade

$95 to

$115

B Grade

$90 to

$105 75

76

C Grade

$80 to

$90

"The Christchurch industrial market has really pushed forward in the last six months as we experience recordsetting transactions in a tightening market."

74

HCOTE

Grade

74

C Grade

$85

$70

to

to

100

$85

LINWOOD A Grade

B Grade

to

to

$85

$100

$80 $90

C Grade

$60 to

$85

BROMLEY 74

B Grade

to

to

$90

$110

$80 $95

C Grade 76

B Grade

to

to

$80

SYDENHAM A Grade

A Grade

$70 to

$85

$100

$70 $90

C Grade

$50 to

$70

www.cbre.co.nz/16102020

Latest New Build at the Airport 25 George Bellew Road Christchurch Airport

George Bellew Road is located just off SH1 on the south side of the east west runway within the Dakota Park Development at Christchurch Airport.

Another quality new built which will see two warehouse buildings built within Dakota Park in 2021 and available in Q1 2022. The development will offer two 3,000sqm warehouses, each building can be split in half to suit smaller occupiers if needed.

Each building will have office space at each end of the building, excellent vehicle access, area's for dropping containers or making deliveries and good onsite parking.

52

INSPECT ISSUE #2

Key Property Information Building 1 Area Type

Area Size

Warehouse

3,002sqm

Office

230sqm

Canopy

400sqm

Key Property Information Building 2 Area Type

Area Size

Warehouse

3,016sqm

Office

230sqm

Canopy

400sqm

Scott Bentley

Hamish Clarke

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

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

"Two new distribution warehouse buildings soon to be available"

Brand new in Dakota Park

50 car parks

Fire sprinklers in both buildings

Excellent truck access

INDUSTRIAL & LOGISTICS 53

Brand New Warehouse To Be Built 25 Hannover Place Rolleston

Key Property Information

This site being Lot 645 is well situated within Stage 6 of the Izone Business Hub, in Rolleston.

A great opportunity to occupy a soon-to-be built warehouse by an experienced local developer on part of this 9,995sqm site. This building will offer 3,000sqm high stud warehouse with 9 metre knee height and 11 metre to the apex. A large 1,000sqm drive-through canopy for loading and unloading, electric quick action roller shutter doors to maximise operational efficiency, with a small function dispatch office.

Scott Bentley

Hamish Clarke

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

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

Area Type

Area Size

Warehouse

3,000sqm

Office

70sqm

Canopy

1,000sqm

Land

9,995sqm

Available in April 2022

9 metre stud to the knee Excellent dual access

www.cbre.co.nz/23092020 54

INSPECT ISSUE #2

7 Minutes to the Port of Lyttelton 314 Port Hills Road Key Property Information Area Type

Area Size

Warehouse

2,600sqm

Office

243sqm

Yard

830sqm

Stud Height

5 metres

Hillsborough

Well situated next to the Z Truck Stop on the corner of Port Hills Road (SH76) and Nuttall Drive in Hillsborough.

Located only 5 kilometres approximately from the Port of Lyttleton and 16 kilometres from Hornby.

This is a great opportunity to lease this clear span warehouse with well partitioned offic/amenity space and a large sealed storage yard with includes a wash pad. This site is fully secure and provides excellent truck access through electric security gates.

Large sealed yard

Situated next to SH76

Scott Bentley

Jeremy Brown

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

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

Excellent truck access

www.cbre.co.nz/05112020 INDUSTRIAL & LOGISTICS 55

www.cbre.co.nz/04072021

2 Yukon Place

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 foors will allow easy movement of product between the different buildings and easy loading of trucks or container de-vanning.

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

56

INSPECT ISSUE #2

Key Property Information - 2 Yukon Place Area Type

Area Size

Warehouse

4,329sqm

Office

76sqm

Yard

850sqm

Land

5,616sqm

Key Property Information - 3 Klondyke Drive Area Type

Area Size

Warehouse

956sqm

Office

118sqm

Land

2,000sqm

Key Property Information - 41 Edmonton Place Area Type

Area Size

Warehouse

2,500sqm

Office

84sqm

Canopy

210sqm

Land

5,526sqm

3 Klondyke Drive

41 Edmonton Place

"One of Three Adjoining Warehouse Buildings"

Different warehouse sizes available

Zoning - Industrial Heavy (IH)

Container set down area

Excellent truck access

INDUSTRIAL & LOGISTICS 57

Our team of experienced industrial and logistics specialists are here to help.

Auckland

Claus Brewer National Director 021 656 650

Bruce Catley Managing Director 021 729 004

Paul Steele Director 021 494 111

Lewis Watson Chad Greer Associate Director Associate Director 021 845 484 022 650 8044

Alex Hopkinson Associate Director 021 071 5244

Luke McGill Associate Director 021 0220 8889

Vinay Patel Senior Negotiator 021 382 525

Henry Smit Negotiator 027 881 3462

Kate van der Zeyden Negotiator 021 295 2171

Nick Tyler Negotiator 021 341 223

Luke Goldstone Negotiator 021 147 7400

Hetu Shah Agency Assistant 021 800 538

Rebecca Taylor Marketing 021 133 4757

Keri-Anne Khau Marketing 027 857 9756

Scott Bentley Associate Director 027 203 3310

Jeremy Brown Negotiator 027 506 0430

Nathan O'Neill Negotiator 021 288 2707

Brigit Hamilton Negotiator 021 353 341

Alex Divers Associate Director 021 715 385

Sam Jeffries Negotiator 021 334 794

Christchurch

Hamish Clarke Director 021 960 655

Ruby Bain Agency Support 021 225 6407

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.