31 El Prado Drive, Palmerston North

I N FO R M ATI O N M E M O R A N D U M

31 El Prado Drive, Palmerston North.

June 2023

WE’RE INVESTED. Established in Tauranga in 1992, PMG has been managing commercial properties and helping tenants to thrive in them, for over 30 years.

We now have over $850M* in commercial properties entrusted in our care. This includes large scale industrial parks to Green Star rated office buildings and smaller mixeduse office and retail properties, nationwide.

Our experienced asset and facilities managers have over 100 years of combined, specialist commercial property experience. We bring strong business acumen and a tenantorientated approach to property management.

With a focus on enhancing asset value, the secret to our success is building long-term, trusted relationships with our tenants.

We work hard to understand your business(es) and what our tenants need from the physical spaces they operate in, both now and in the future. We have a strong passion, and track record, in delivering environmental sustainability solutions for our tenants.

It’s our primary aim to be your property partner of choice.

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*The total market value of the investments managed by PMG on behalf of PMG’s investors as at 31 March 2023.

CONTENTS

CONTENTS 08 05 15 16 18 19 PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

LOCATION

MAP

LEASING HIGHLIGHTS

TESTIMONIALS & CONTACT

Delivering better, together.

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31 El Prado Drive Information Memorandum

PROPERTY OVERVIEW

Property overview 31 El Prado Drive is a premium industrial facility situated in the thriving Manawatu Industrial Park. The facility features a large, 23,495sqm open-plan warehouse to maximise productivity and streamline operations.

Palmerston North will be at the centre of the Te Utanganui lower North Island transport hub, and including the proposed Kiwirail Palmerston North Rail Depot.

Key information •

100% NBS seismic rating

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Drive-around design to provide efficient access for loading and unloading operations

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Concrete staging area, with ample storage room and ease of access

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Multiple tenancy options to adapt to evolving business needs

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Option to include existing racking for added convenience

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280 on-site car parks

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Stud height at approximately 13.4m

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27,358sqm total floor area

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Fully sprinklered warehouse and office area

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Outstanding location near Palmerston North City Airport

Delivering better, together.

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31 El Prado Drive Information Memorandum

PROPERTY OVERVIEW

Delivering better, together.

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Property highlights Drive-through warehouse Features a spacious and versatile 23,495sqm warehouse area for seamless movement of goods and equipment.

Multi level office space 921sqm of ground/first floor office space to enable efficient and centralised set-up of business operations.

Potential flexible tenancy options Tenants have an option to customise layout to suit business requirements or explore sub-leasing options (subject to lease terms).

Canopy and staging area Expansive canopy and concrete staging area allowing for on-site logistics efficiencies with plenty of covered storage and container devanning space.

Drive around design Separate drive around ring road allowing for efficient movement to maximise the use of the site.

Further highlights

Forklift charging bay

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Multi-level offices

31 El Prado Drive Information Memorandum

PROPERTY HIGHLIGHTS

Delivering better, together.

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31 El Prado Drive Information Memorandum

PROPERTY HIGHLIGHTS

Delivering better, together.

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31 El Prado Drive Information Memorandum

PROPERTY HIGHLIGHTS

Delivering better, together.

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31 El Prado Drive Information Memorandum

LOCATION

Location Great proximity to Palmerston North City Airport and proposed Kiwirail Freight Hub. The property is situated on a substantial site within the Manawatu Industrial Park, on 70 hectares of prime industrial and commercial-zoned land.

The facility shares a location with some of New Zealand’s largest national and international manufacturers and distributors, including Countdown, Globelink, Big Chill, Downer, Norwood and Hooker Pacific.

Key amenities Palmerston North Airport 2km

Tremaine Avenue intersection 2km and 1.9km to Palmerston North CBD

Kiwirail 5km

Wellington 150km

Delivering better, together.

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31 El Prado Drive Information Memorandum

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LOCATION

Map Key Locations 1. 31 El Prado Drive (subject property) 2. Palmerston North City Council Airport 3. Proposed KiwiRail freight Hub 4. Countdown 5. Foodstuffs 6. DKSH 7. Fliway 8. Move Logestics 9. Cable Price 10. Norwood 11. Allflex 12. Big Chill 13. ADA 14. Freshmax 15. Globelink

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Convenient city fringe location, with easy access to:

11 Kelvin Grove Gym

Childcare Centre

1 .9KM

450M

Restaurant 250M

Delivering better, together.

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LEASING HIGHLIGHTS

Leasing highlights

31 El Prado Drive, Palmerston North

Manawatu Industrial Park

ADDRESS

LOCATION

27,358 sqm

5.9 ha

100%

TOTAL FLOOR ARE A

L AND ARE A

NBS SEISMIC R ATING

280 $70 each per week CAR PARKS

Floor area schedule Warehouse and accosicated areas

Two level administration block/offices

Warehouse

23,364.0 sq m

Ground Floor

456.4 sq m

Canopy

2,288.0 sq m

Covered Entrance

12.9 sq m

Inwards Goods Office

93.8 sq m

Verandah of Staffroom (over 600mm wide)

32.6 sq m

Forklift Charge Room

267.6 sq m

First Floor

480.0 sq m

Total

26,013.4 sq m

Total

981.9 sq m

Ancillary spaces Workshop

302.5 sq m

Sprinkler Room

78.1 sq m

Central Warehouse Dispatch Office

85.7 sq m

Corner Office - Warehouse

28.5 sq m

Total

494.8 sq m

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31 El Prado Drive Information Memorandum

TESTIMONIALS & CONTACT

Testimonials level of commitment and your very direct “ Itandis this positive approach which makes working for PMG a pleasure. They aim to achieve the best result for their tenants rather than looking at the cheapest cost option. This is a rare commodity in today’s market, but we are positive that this approach leads to significant benefits for all concerned.

Murray Barr, Director Vertrans

Contact Jamie Reid

General Manager Property 021 332 142 jamie.reid@pmgfunds.co.nz

Matt White

Asset Manager 020 4028 6815 matthew.white@pmgfunds.co.nz

Massimo Crestanello Facilities Manager

021 0238 2274 massimo.crestanello@pmgfunds.co.nz

Delivering better, together.

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+64 7 578 3494 info@pmgfunds.co.nz

pmgfunds.co.nz