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

 


Stage One of $400m business park development near completion

Stage One of $400m business park development nears completion


Stage One of a new 114 ha Business Park in Islington is nearing completion with the first tenants moving in this week. The $400 million dollar development is on the Islington Freezing Works site and is now called Waterloo Business Park. Work on Stage Two of the development (comprising of 30 ha) is well underway with infrastructure and roads under construction.

The Park’s first tenant Santa Rosa Foods will move into their 2500sqm factory this week. TransDiesel, Conroy Removals, and two private developments are also in detailed design and will commence building later this year. A further 2.6ha was sold last month to Cardinal Freight with the development now having sold approx. 50ha overall.

Waterloo and Pound Roads will both be realigned in conjunction with the development, connecting through to the Main South Road, improving safety and diverting heavy traffic away from existing residential areas. Halswell Junction Road will be extended through the Park up to Pound Road to create a major connection from the northwest to the CBD and Port.

While primarily industrial and commercial the Business Park is designed with a town square or central hub at its heart. Plans are underway to develop areas with hospitality and retail offerings, alongside health and recreation spaces.

“Waterloo Business Park aspires to set a new standard. Our design includes a network of open park spaces", said Development Manager Hamish Clarke.

“We believe that there is no excuse for unattractive industrial spaces. Park like grounds shouldn’t be exclusively for central city office workers. Everyone should be able to work somewhere where you can eat your lunch or have a walk somewhere appealing.”

Mr Clarke is convinced that businesses housed in the park will see long term benefits of being in park like surroundings. “Attracting and keeping staff is one of the biggest issues facing businesses in Canterbury. Working somewhere beautiful will be appealing to potential and current employees.”

ENDS

Supporting Information
www.waterloobusinesspark.co.nz
Waterloo Business Park is a joint venture between highly experienced property developer John Sax, of Auckland-based Southpark Corporation Ltd and Southland-based businessmen Inky Tulloch and Paul Johnstone.

Earthquake Recovery and Transport Minister Gerry Brownlee will be visiting the Waterloo Business Park development this Friday 5 September for a project progress update.

Media are invited to attend alongside Minister Brownlee on Friday 5 September (tomorrow). (Tour beginning at Waterloo Business Park offices at 3pm – entrance 400 Waterloo Road, Islington) .The Minister will be available for interviews and photos.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Wheeler Downplays Scope For ‘Large’ Rates Fall

Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain New Zealand’s economic growth. More>>

ALSO:

Ruataniwha Dam: Consent Conditions Could Mean Reduced Intensity

Legal advice sought by the Hawke’s Bay Regional Council on the Ruataniwha Dam consent conditions has confirmed that farmers who sign up to take water from the dam could be required to reduce the intensity of their farming operation to meet the catchment’s strict nitrogen limit. More>>

Health And Safety: Bill Now Sees Rules Relaxed For Small Businesses

Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives and committees. More>>

ALSO:

Bearing Fruit: Annual Fruit Exports Hit $2 Billion For First Time

The value of fruit exported rose 20 percent (up $330 million) for the June 2015 year when compared with the year ended June 2014. Both higher prices and a greater quantity of exports (up 9.0 percent) contributed to the overall rise. More>>

ALSO:

Interest Rates: NZ Dollar Jumps After RBNZ Trims OCR

The New Zealand dollar jumped more than half a US cent after Reserve Bank governor Graeme Wheeler cut the official cash rate by a quarter-point and said the currency needs to be lower, while dropping a reference to criteria that justified intervention. More>>

ALSO:

Drones: New 'World-Class' Framework For UAVs

The rules, which come into effect on 1 August, recognise the changing environment and create a world-class framework that accommodates ongoing development while still ensuring the safety of the public, property and other airspace users. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news