benefitting from a high-profile location on Highbrook Drive.
Goodman’s Industrial Rollout Goodman Property Trust’s development programme is being intensified to take advantage of the positive customer demand and strong market fundamentals that currently exist. With industrial vacancy in Auckland at historic lows, five new build-to-lease projects were announced at the Trust’s key estates in August.
The new projects add to current work in progress and mean that Trust will have invested over $170 million into new Auckland industrial and commercial projects over the last 18 months.
John Dakin, Chief Executive Officer said “The Auckland industrial market is the strongest it’s ever been with limited new supply creating significant capacity constraints. We’re intensifying our development programme and investing a further $91.0 million into new projects to ensure we have the facilities to meet customer demand.”
John Dakin said “It’s a substantial volume of new building activity with the greatest number of new projects being undertaken at Highbrook Business Park.” The two new Highbrook projects announced in August include: • a multi-unit industrial facility providing 5,770 sqm of rentable area on Business Parade South; and
The package of developments will provide 22 new warehouses across Highbrook Business Park in East Tamaki, the Concourse Industry Park in Henderson and Savill Link in Otahuhu. The facilities range in size from 660 sqm to 8,500 sqm and are offered in a variety of configurations that make them suitable for any business looking for efficient new industrial or warehouse space in prime Auckland locations.
• seven separate warehouses, ranging in size from 1,200 sqm to 5,500 sqm, completing the gateway site at the entrance to the estate. Smaller than existing facilities at Highbrook the new developments will provide flexible warehouse space for smaller business operators. They are expected to lease quickly with the Gateway warehouses also
John Dakin said “Significant progress has been made toward completing Highbrook since 2012. With current demand, our expectations are that this $1.2 billion estate will be over 90% developed within the next three years.” The Trust is also re-developing the Concourse Industry Park on Selwood Road in Henderson. A multi-unit development on a former boat building facility will modernise the property and extend the range of options available to businesses wanting to access the improved motorway links provided by the new Waterview Tunnel. John Dakin said “This location is already benefitting from new transport infrastructure and $22.2 million of additional investment reflects our confidence in this rapidly developing industrial market.” The seven-building development will provide 10,933 sqm of modern warehouse space complementing the existing high volume facilities originally developed to accommodate the construction of superyachts. A new 8,500 sqm warehouse at Savill Link, designed for larger occupiers, completes the development package. John Dakin said “Positive market fundamentals and limited leasing options within our own portfolio mean it is the right time to be intensifying the development programme. The increasing investment in Auckland industrial sector reflects the strong growth profile of the city and the positive return characteristics of industrial property.” Following the completion of all current projects Goodman Property Trust’s Auckland industrial weighting will increase to over 78.0% of its $2.6 billion portfolio.
TO BO TANY
Bayleys Business Showcase & Property Update
OVER 80% COMPLETE
PARADE UNITS 8 BUSINESS PARADE STH
WITH 400,000 SQM OF BUSINESS SPACE
WAREHOUSE 27 PUKEKIWIRIKI PLACE
Hosted by Bayleys at their premises. Join us for an update on the commercial industrial property market
E STH ESS PARAD
QUEST EXPANSION HIGHBROOK CROSSING
MULTI-STOREY CAR PARK HIGHBROOK DRIVE
OFFICE BUILDING 5 HIGHBROOK CROSSING
Thurs 2 November
SIR WOOLF FISHER DR WAREHOUSES 38 SIR WOOLF FISHER DR
Where: Bayleys 2 Harris Road, East Tamaki
SHOWROOM WAREHOUSES 80 HIGHBROOK DRIVE Tamaki River
GATEWAY WAREHOUSES 102–162 HIGHBROOK DR
Map contains artist impressions to show planned developments
OU AI W
SPICERS (NZ) LIMITED WAIOURU ROAD
OFFICE BUILDING 6 HIGHBROOK CROSSING
FOCUS ON skills & Employment S P R I N G 2 0 1 7
No charge Refreshments provided To register: Phone 09 273 6274
GETBA Spring 2017 magazine Focus on Skills and Employment