Bunnings Petone to open next year as more mail centre tenants sought
The development of the Te Puni mail centre on Petone's Esplanade continues, with the owners calling for expressions of interest from potential tenants.
Last year the centre was sold by NZ Post for $15.4 million to Wellington-based commercial property investors Hodge Group.
Hardware store Bunnings Warehouse will be the anchor tenant, taking up the existing rear warehouse facility, which makes up about 80 per cent of NZ Post's footprint.
However, it is planned to include a mix of bulk or supplementary retail, office and hospitality tenants as well.
The property will be vacated by NZ Post in August, when its mail sorting operation is transferred to Palmerston North.
The 1990s building had been home to NZ Post for 25 years and it will be refurbished to allow for a wide variety of tenants.
Bunnings is expected to be in occupation from early next year including a garden centre near the Hutt Road-Nevis St corner.
Bayleys agent Johnny Curtis said a change to the district plan had freed up the western end of Petone, facilitating growth and diversity in the area.
"Big box retail is taking off at this end of Petone with most of the key names already represented," said Curtis.
"Pak n' Save, the Warehouse, Kathmandu, Warehouse Stationery, Briscoes and Rebel Sport have all cemented a presence in the neighbourhood and have played their part in attracting a loyal and growing customer base from across Wellington.
"These big name retailers have certainly boosted activity in Petone at the weekends in particular."
Advantages of the 2.2ha Te Puni site was its waterfront position, unobstructed views of the harbour and Wellington city. It was a five-minute walk from the Petone railway station and a 10-minute drive to Wellington CBD.
About 2000sq m of space was available on the ground and first floors. It was a "blank canvas" and the owners had indicated they would be led by the market to some degree on how it was carved up.
"There are 60 car parks in the front of the building which gives this location a clear competitive advantage over many office and retail spaces throughout the wider Wellington region," said Curtis.