Business park planned for former airfield
A complex of business units is to be built on land subdivided for industry on the former Wigram Airfield.
To be called Harvard Hub, the complex will be built on just over a hectare. The site is a piece of the airfield land developed for business use by Ngai Tahu alongside their Wigram Skies residential subdivision.
The developers of Harvard Hub are TPI 1 Ltd, who trade under the name Top Property Investments.
They will put up 22 units, with offices ranging in size from 55 square metres to 330sqm, and warehouse spaces from 60sqm to 514sqm.
Groundwork has started on the site. Construction of the first stage of three large units is due to be finished by June. Construction of stage two, the remaining 19 units, will start when building consents are issued.
TPI 1 director Lindsay Topp says the complex is designed to cater for service, distribution and storage businesses, as well as tradespeople, professional offices, light manufacturers and a cafe.
Units are available for lease or to sale to investors or owner- occupiers, and one of the stage one units has already been sold. Topp said the level of interest was "very high".
"The fact we've been able to get through the consent process to get this under way is very appealing right now to businesses looking to establish themselves in this fast- growing area," he said.
Commercial realtor Gavin Ryan of Cook Commercial said there was a "serious lack of this sort of product" in the industrial market.
"While there's plenty of talk out there about future developments, to my knowledge this is the only company which has actually started a 'spec' build of this nature ahead of the market," he said.
Ryan said the units have been grouped in pods, separating the showrooms from the industrial premises, and sited for ease of vehicle movement.