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.”
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.