Portlink starts on new stages to 'fill the gaps'

Last updated 07:26 17/07/2013

Relevant offers

Your Property

Carlton Butchery building for sale Labour costs fuel rising construction bills Oamaru castle takes shape Queenstown stay costs $20,000 - a night House sales stats Housing projects behind schedule Canty home takes out awards Repairs, paperwork key for quake properties Shoddy repairs but big mark-ups Kiwi landlords' returns on the rise

A large industrial park in Christchurch is preparing to release new land, as LIZ McDONALD reports.

One of Christchurch's new industrial parks has embarked on the next two stages of development.

Portlink, in the southeast of the city, has sold most of its first two land tracts, with titles being released for stage two this month.

Now it is doing groundworks on stages three and four of the project, just north of the first developed sites.

The industrial subdivision is being built in eight stages around Kennaway Rd. The site is on about 35 hectares of riverside former farmland just off Tunnel Rd between Woolston, Hillsborough and Ferrymead.

Its developer is Arcus, a wholly owned subsidiary of construction and project management company Arrow Group.

Arcus bought the site in 2006 and had it rezoned for industrial use in 2009, with the intention of providing large sites for businesses close to Lyttelton Port.

Arcus says it will build to suit. Its preference is to lease, but it has not ruled out selling sites.

Its first tenant was Boxman NZ, which supplies shipping containers for storage and was back up and running on its 1ha site two days after the February 22, 2011, earthquake.

Last year outdoor gear retailer and listed Christchurch company Kathmandu officially opened its new premises in the park. The retailer has a 10-year lease on the $8 million half-hectare warehouse.

Since then, plastics and rubber products maker Elastomer (EPL), has taken space in the park and expects to move into new premises from its damaged Bromley site early next year.

Also moving to Portlink are freight and container-handling company NZ Express Transport and Cla-Val Pacific, a manufacturer of automatic control valves.

Marketing agent Greg Mann, of Harcourts, says that, with some big sites in the first stages taken up, they are looking for other businesses to join them.

"We are just trying to fill in the gaps."

The advantages of the park are its proximity to the port and the city, its flexible options for businesses and its space for businesses to expand later.

He says it is suitable for distribution and storage centres, third-party logistics operators and related industries.

Portlink could eventually house as many as 40 businesses.

Other recent industrial parks looking for new occupants in Christchurch include the 80ha Dakota Park in Russley Rd, which is owned by Christchurch Airport, Ngai Tahu's 25ha Wigram Park on former airfield land in Sockburn, the 15ha Glassworks Industry Park in Hornby, owned by Goodman Property Trust, and Hornby Quadrant, which covers more than 200ha, owned by Calder Stewart.

Ad Feedback

Outside Christchurch, the Selwyn District Council's Izone Business Hub in Rolleston and the Ashburton District Council's Ashburton District Estate at Fairton are also competing for industrial businesses. Both prefer to sell, rather than lease sites.

- The Press

Comments

Special offers

Featured Promotions

Sponsored Content