Ngāi Tahu Property has new industrial developments in the pipeline having bought two blocks of land adjacent to a key section of State Highway 1 on the south-west of Ōtautahi-Christchurch.
The sites – totalling about 70 hectares – are in prime locations with excellent access to the country’s road and rail backbone, and east-west transit links into the Ōtautahi-Christchurch urban area, Lyttleton Port, Christchurch International Airport and Te Tai Poutini-West Coast, Ngāi Tahu Property chief executive David Kennedy says.
That physical connectivity is vital for goods and services industries – whether they are targeting lucrative export markets or operating in the fast-turn-around world of ‘last-mile’ logistics.
“Te Waipounamu – the South Island boasts a growing and valuable range of industries from manufacturing to agricultural services and logistics.”
“Online and omni-channel retailing is one growth area we are watching - firms increasingly need the ability to receive and rapidly distribute products to diverse customers from retailers to end-consumers.”
The first site is in the popular Rolleston industrial area and should be available by the end of next year. The other block, adjacent to Hornby, should have titles by mid-2021.
Both sites offer customisable development opportunities and flexible tenure options to suit individual business models, Ngāi Tahu Property South Island development general manager Scott McCulloch says.
McCulloch says market analysis carried out by the team indicated there is demand for high-quality industrial developments with easy access to State Highway 1.
“The level of early inquiries we’ve already had has confirmed both our instincts and our research.”
“Currently there is an unmet demand for freehold land in this market and Ngāi Tahu Property is happy to provide vacant lots or turn-key options as required. As an iwi-owned, intergenerational investor, we can also offer secure design-build-lease options if tenancy is preferable.”
“We see this as a great opportunity to work with a range of industries, whether freight and logistics, warehousing, food processing, agricultural services, construction or manufacturing.”
Ngāi Tahu Property has previously completed several other successful industrial developments, including the Wigram Business Park which met Christchurch’s post-earthquake needs and various developments along Blenheim Road completed in the early 2000s.
“Ngāi Tahu Property has a depth of experience and knowledge in delivering successful solutions for the industrial sector – it is in our DNA,” McCulloch says.
“We are also forward-looking. As an iwi-owned firm, we are mandated to have an intergenerational and sustainability focus that resides at the core of all our projects.
“We look forward to bringing Ngāi Tahu values – especially tohungatanga (expertise), whanaungatanga (looking after generations) and kaitiakitanga (stewardship) - to these upcoming projects.”
HOSKYNS ROAD INDUSTRIAL DEVELOPMENT
Address: 151 Hoskyns Road, Rolleston, Selwyn District
Total area: 32 hectares
Customisable options available:
To find out more get in touch with Ngāi Tahu Property development manager Blair Brown.
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