Ngāi Tahu Property

Tuesday, September 24, 2019

Industrial developments in the pipeline

Ngāi Tahu Property has new industrial developments in the pipeline, having bought two blocks of land adjacent to a key section of SH1 on the south-west of Ōtautahi-Christchurch.

The sites – totalling about 70 hectares – are in prime locations in Rolleston and Hornby. They have 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.

David Kennedy

Ngāi Tahu Property chief executive David Kennedy says Te Waipounamu – the South Island boasts a growing and valuable range of industries from manufacturing to agricultural services and logistics.

Whether those firms target lucrative export markets or operate in the fast-turn-around world of ‘last-mile’ logistics, physical connectivity is key.

“Online and omni-channel retailing is one growth area we are watching,” Kennedy says. “Firms increasingly need the ability to receive and rapidly distribute products to diverse customers, from retailers or direct to end-consumers.”

“Delivering successful solutions for the industrial sector is in our DNA. This is a return to a sector in which Ngāi Tahu Property has a depth of experience and knowledge,” Kennedy says.

The first site is in the popular Rolleston industrial area and registration of interest is available now. The other block, adjacent to Hornby, should have titles by mid-2021.

Ngāi Tahu Property has been fielding enquiries since acquiring the land. Development manager Blair Brown is expecting a surge of interest now that the first stage planning has been finalised.

“We encourage people to come to us early with their needs to secure the right space for their business.”

Scott McCulloch

Ngāi Tahu Property South Island development general manager Scott McCulloch says market analysis indicated demand for high-quality industrial developments with easy access to SH1.

Potential owners and tenants are responding well to Ngāi Tahu Property’s willingness to provide customisable development opportunities and flexible tenure options.

“Currently there is an unmet demand for freehold land in this market and Ngāi Tahu Property is happy 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 will have a solution for your business, whether that is freight and logistics, warehousing, food processing, agricultural services, construction or manufacturing.”

As with all its developments, Ngāi Tahu Property will also bring the values of its owners, the people of Ngāi Tahu, to both sites, McCulloch says. “As an iwi-owned firm, we have an intergenerational and sustainability focus at the core of all our projects.”