Centuria Penrose Limited

Centuria Penrose Limited is an industrial property located at 752 Great South Road, Penrose in Auckland. The property is situated in a high-profile position directly between Auckland’s Southern Motorway and the main arterial Great South Road. The property is of a significant size, consisting of an 8,576-hectare land holding which includes approximately 67,655sm of net lettable floor area.

Due to the size of the property, it benefits from three road frontages and multiple access ways. Penrose is known as one of Auckland’s premier industrial locations as it is 9km from the Auckland CBD and port, 15km from Auckland International Airport and is close to transport links including both roading and rail.

The sole occupant of the property is Visy Glass Operations (NZ) Limited, a subsidiary of Visy Glass International Pty Limited, one of the world’s largest privately owned paper packaging and recycling companies.  The tenant has been operating from the site since 1922 and has made significant improvements to the property which includes the hardstand, storage and general warehousing.