Completion of Motorway interchange major milestone

MEDIA RELEASE
April 17 2007

Completion of the Motorway interchange a major milestone in the development of Highbrook Business Park

Highbrook Development Limited (HDL) has welcomed today’s opening of the Highbrook Drive and Highbrook motorway interchange as a major milestone in the development of Highbrook Business Park.

Highbrook Business Park blends a world class business centre and retail hub with 40 hectares of parkland reserve on Auckland’s Wairoru peninsula. With a total site area of approximately 150 hectares it is the largest development of its type in New Zealand and is expected to have a value of more than $1 billion once fully developed.

“The opening of the new motorway infrastructure improves access to the main arterial routes and also enhances the entrance to Highbrook Business Park,” said Murray Barclay, Project Director of HDL. “Our customers can now be in the CBD in 15 minutes, and at Auckland Airport in 12 minutes, reinforcing the fact that our award-winning Highbrook Business Park is not only a world class and innovative development, but also offers an unrivalled location”

High profile businesses already located at Highbrook include: DHL New Zealand, McPherson’s Consumer Products, New Zealand Post, BMW New Zealand, Cottonsoft, and Big Chill.

“Progress to date has exceeded our expectations and we expect development to accelerate further with the opening of the motorway today. The completion of the bridge and interchange ensures Highbrook Business Park is now one of the premier developments in Australasia,” said Mr Barclay.

The new roading connection also allows access to Manukau’s newest recreational reserve, the 40 hectare Highbrook Park. The Park features coastal walkways and open parkland including the Pukekiwiriki Crater, one of Auckland’s oldest volcanic craters.

The land was previously part of the Woolf Fisher Trust and is now owned by Highbrook Development Limited, which is 75% owned by Macquarie Goodman Group, and 25% owned by Fisher Nominees, a trust associated with the late Sir Woolf Fisher.

With an estimated 550,000 square metres of industrial and commercial space to be built, Higbrook Business Park is expected to become a major employment hub with up to 12,000 people working there once fully completed. They will benefit from the high level of amenity to be offered with parks, walking and cycling tracks, cafes, retail outlets and a gymnasium to be provided.

The Business Park has already been recognized for its landscape architecture, winning an international award from the American Society of Landscape Architects.

ENDS

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