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

 

Ruakura Secures Resource Consents To Meet Industrial Demand


10 October 2017

Ruakura Secures Resource Consents To Meet Industrial Demand


Tainui Group Holdings (TGH) has secured resource consents to subdivide and develop the 48 hectare industrial site adjacent to stage one of its inland port and logistics hub at Ruakura on Hamilton’s eastern boundary.

TGH Chief Executive Chris Joblin says securing the consents for industrial development equips TGH to respond to the strong demand coming from Auckland and nationally for large scale industrial sites at the 480 hectare Ruakura development.

“Land costs and usage pressures in South Auckland have been driving enquiry South and we are in talks with a number of major manufacturers and distributors seeking large scale sites to future proof their operations,” Mr Joblin says.

These industrial resource consents mean TGH can provide potential industrial tenants with time certainty about relocating their operations. Being adjacent to the inland port, these early movers will be best placed to get the full benefits of the wider 480 hectare precinct.

“We are experiencing a high level of customer and tenant enquiries particularly from major warehousing and distribution businesses looking to relocate outside Auckland including significant players in construction equipment and materials, food and drink processing, and from within the dairy, forestry, horticulture and retailing sectors.

“Our potential tenants and customers can now be assured in their own planning for warehouses, distribution sites, pack houses or other facilities to take advantage of sites which are well connected by road and rail and offer port neutrality between Auckland and Tauranga. That certainty will be appreciated by businesses taking a long-term view of their own growth as well as growth in the golden triangle,” Mr Joblin says.

With direct connection to the future Waikato Expressway, the industrial zoning opens up opportunities for a wide range of development options.

Mr Joblin says the 48ha site, with its easy access to prime productive regions, lends itself to export activities, such as packing facilities or horticultural exports. Importers are also suited as two million people live within 140km, lending itself towards North Island or regional distribution centres for food products or retail merchandise.”

Leasing enquiries for the wider Ruakura precinct are being managed by leading industrial leasing specialists JLL.

Sam Smith, Head of Industrial for JLL, confirms that enquiry levels are strong for large footprint sites in the Waikato.

“New distribution-based business models requiring more scale, efficiencies and connectivity are driving a significant number of businesses to consolidate smaller, older and fragmented sites into larger, well connected central developments,” says Mr Smith.

Meanwhile leading civil engineering and resources company Fulton Hogan is well advanced with the initial works covering the first six hectares of what will eventually be a 31 hectare inland port with the capacity to handle around 1 million TEUs (20 foot container equivalents) per year when fully built. TGH, along with its JV partner LINX Cargo Care Group Ltd expects to commence initial operations at the inland port in the first half of 2019.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on seek.co.nz. Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>