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

 


$11 Million Design Build For Refrigeration Centre

$11 Million Design Build For Nz's Biggest Refrigeration Distribution Centre

Eskimo Logistics Group today signed a $11 million, 15 year lease with AMP Asset Management for the design and build of New Zealand's largest refrigerated distribution centre.

Five months ago Eskimo Logistics Group bought Coolstores (NZ) from Sanford. This site backs on to AMP Asset Management's Paisley Place Industrial Park in Mt Wellington, allowing the new building to connect to the current Coolstores (NZ) building giving a combined 111,000 cubic metres of refrigerated warehouse space.

"The Paisley Place design and build will provide Eskimo with the country's most efficient purpose-built refrigerated distribution hub," said Eskimo managing director, Jeremy Silva.

The new facility will be located midway between the Port of Auckland and Auckland Airport.

"The 15 year lease gives Eskimo strong security for the future, and the custom designed extension, which uses the latest international technology, integrates perfectly with the existing building. It also leaves open the opportunity for additional expansion," Mr Silva said.

Head of property for AMP Asset Management James Darkins said he was delighted to have secured Eskimo as the first tenants for Paisley Place with only two sites now left for development.

"Paisley Place is further evidence of our belief in the Auckland property market. Together with the refurbishment of LynnMall and the construction of Botany Downs town centre, Paisley Place shows our passion for Auckland property," Mr Darkins said.

"The new refrigerated distribution centre will cost around $11 million to build and should be completed in November. Because Paisley Place focuses on design-builds, the resultant facility will provide Eskimo with the best possible use of space," Mr Darkins said.

Eskimo Logistics Group is New Zealand's largest refrigerated distribution centre and international air freight forwarding operator. Three months ago it acquired the New Zealand perishables operations of Circle International, an international freight forwarding company. AMP Asset Management is New Zealand's largest private property investment company managing $1.4 billion of property.

Ends.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news