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


Port of Tauranga Purchases Onehunga Property from Goodman

12 August 2013

Port of Tauranga Purchases Strategic Onehunga Property from Goodman

While the City of Auckland grapples with the future of its waterfront, Port of Tauranga Limited continues to expand its MetroPort inland port operations in South Auckland. Already handling over 180,000 TEU per annum of international imports and exports to and from the Auckland market, the site has significant capacity to grow. This is further enhanced by the Company’s announcement today that it has acquired Gateside Industrial Park from Goodman Property Trust for $37.2 million.

Port of Tauranga Chief Executive, Mark Cairns, said, “This strategic acquisition, with a total area of 6.8 hectares, will be key to expanding access to and from international markets for Auckland.”

The property, which is immediately adjacent to Port of Tauranga’s inland port, MetroPort, includes three large industrial warehouses, an office building and more than 2 hectares of land we have ear-marked for future development.”

Mr Cairns went on to say, “This acquisition adds to the $10 million recently spent on acquiring three properties in Tauranga. These properties add a further 2.28 hectares to our potential development land, bringing our total holdings in Tauranga to nearly 190 hectares.”

Rental income from these new properties will exceed $3 million per annum.

The unconditional sale is due to settle in February 2014.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>

Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>

International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>

MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>

Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>