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Local MP welcomes latest addition to business hub

Local MP welcomes latest addition to growing Penrose business hub

The latest new addition to the growing Penrose business hub was welcomed today by the Prime Minister and MP for Maungakiekie, Hon Peseta Sam Lotu-Iiga.

Hydraulink’s new facility was opened by Rt Hon John Key and Hon Peseta Sam Lotu-Iiga this morning. It is part of a recent revitalisation trend in the Penrose industrial area.

The site previously contained vacant and dated manufacturing buildings. It is now home to several other businesses including Laminex and AA Insurance.

Hydraulink is a New Zealand-based company which produces hydraulic hoses and fittings for clients across Australasia and the South Pacific. It will locate its Australasian head office at the new facility in Penrose.

The Hydraulink fit-out alone cost around $750,000 and includes office space and a warehouse. 30 staff are currently employed at the precinct, which has capacity to expand and accommodate more employees.

The complex is situated on a property which occupies a high-profile spot on the corner of O’Rorke Rd and Station Rd. It is one of the main thoroughfares in the Penrose industrial area and is located half-way between Auckland International Airport and the CBD.

“The regeneration of this part of Penrose is a great example of how an ageing precinct can undergo a significant transformation. It has become a useful and productive addition to the Penrose community and wider Auckland,” said Mr Lotu-Iiga.

The suburb is one of the most central of all the Auckland industrial locations, and an ideal base for many more of New Zealand’s most well-known and established companies.

“I look forward to welcoming more business growth in Penrose,” Mr Lotu-Iiga said.

ENDS

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