Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


New suburban precinct set to reshape Nelson sectors

New suburban precinct set to reshape Nelson’s shopping and office sectors

Richmond’s retail and commercial property scene is poised to undergo one of the biggest single developments in the region’s history – with plans unveiled for a new bulk retail precinct on the Richmond township fringe.

The 5.5 hectare development at Richmond will be to the west of the city on land currently owned by McShanes Holding Limited. The block has been farmed for dairy and more recently berry production by the Field family, Alan, Peter and Phillip Field.

The project is being facilitated by Graeme Dick, a local property developer who has had long term involvement in this region. The retail park will feature some 13 new premises ranging in size from 500 square metres through to 5000 square metres for larger ‘bulk retail’ operators.

The new precinct – named Field Junction Retail Park - is being sold and leased through Bayleys Nelson. Project sales leader Iain MacFadyen said the property is being marketed through three different options – either purchasing the entire 5.5 hectares with potential to have a controlling interest in the development, expressions of interest to purchase selected parcels within the development, or to secure a lease on completion of space within the bulk retail complex.

Mr. MacFadyen said this comprehensive development is set to be a cornerstone of the Richmond West Development Plan to accommodate the expansive growth of the region. The concept plans of the complex aim to include parking for 547 vehicles.

‘Zones’ within the Field Junction Retail Park site have already been defined into several complimentary sections – encompassing bulk retail, hardware, homeware, furniture, clothing and accessories as well as cafes and a restaurant.

“Tenancies targeted for the precinct feature most of the big-name chains in New Zealand,” Mr MacFadyen said.

He said there was nothing else like the Field Junction Retail Park precinct or opportunity in the region.

“This initiative on a main arterial route offers exceptional opportunity for astute investors,

developers, syndicates or large commercial enterprise. Field Junction Retail Park will dramatically alter how residents in the city shop and work.”

“New Zealand’s retailing has seen several development and geographic trends over the past decade – from the emergence of ‘big box’ retailing hubs attracting the likes of Farmers, Harvey Norman, Noel Leeming and supermarket chains,” Mr MacFadyen said.

“This concept is modeled on the Tower Junction Retail Mega Park in Addington, Christchurch, which hosts a diverse range of retail establishments such as Baby City, Bivouac Outdoor, Toyworld, Bed Bath and Beyond, Speights Ale House, and Bunnings.


“From this retail core, social amenities are bolted on – which is where town planners commonly see the likes of, pharmacies, gymnasiums, and entertainment zones come into their own.

“Meanwhile, the surrounding commercial spaces will be targeted at businesses in the agri’ sales and service sector whose clientele come from the wider Nelson bays rural region.”

Mr MacFadyen expected Field Junction Retail Park to become a focal point as a bulk retail convenience hub for the population living not only in Richmond’s existing metropolitan boundaries, but also pulling in a customer base from greater Nelson and bays area.

Recognised food and beverage operations which are nationally interested in siting in this form of complex could include the likes of Burger King, Wendy’s, Burger Fuel, Nando’s, Hell Pizza, Oporto, Columbus, Esquires, Robert Harris, or Baker’s Delight.

“The strategy for suburban convenience retail hubs is to lease to complimentary businesses in what is known as a ‘jig-saw’ model where individual pieces fit together to create a bigger picture,” he said.

“Concept plans are underway toward a business park to the west and south of the bulk retail park as well as a large residential subdivision immediately adjacent to the east which could see as many as 500 sections.

“This split configuration of bulk retail and business / commercial tenancies and residential growth could underpin a seven-day-a-week business model – catering to office workers as well as the shopping-based audience.

“Due to a lack of land availability since the early 2000s, there has been a ‘log jam’ effect for the development of commercial, Retail and Light Industrial premises around Richmond’s city fringe. With the Richmond West Development Plan now deemed operative, that ‘log jam’ is showing signs of bursting to service the forecast population growth in the region through to 2050,” Mr MacFadyen said.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news