860-862 Great South Road, Auckland
Prime industrial location with lease to multi-national tenant and industrial warehouse development
Located in arguably New Zealand’s pre-eminent industrial precinct and bordered by the main arterial Great South Road and the Southern Motorway, this substantial property benefits from sought-after heavy industrial zoning and provides both income and a development opportunity.
The property at the rear of the site is tenanted by Graphic Packaging, a subsidiary of the NYSE listed company. Rental growth is provided through a mix of fixed 3.5% per annum and 4-yearly market reviews from 2023.
We partnered with Flower Systems Limited to design and build a purpose-built facility on the 4,893m2 land that fronts Great South Road. The facility comprises of a warehouse, showroom, office and 28 car parks, with Flower Systems taking occupation in July 2023.
Q2 – 2023
Completion of new build facility
The above stats are as at 31 March 2023