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


Large Industrial Site Housing Downer’s Gisborne Base Put Up For Sale

The large industrial site housing the Gisborne regional base for transport and infrastructure services giant Downer has been put up for sale.

The freehold property of approximately two hectares sits within the established Awapuni industrial precinct, just minutes from Gisborne’s central business district on State Highway 35.

Fully leased to Downer NZ Limited since 2009, the site at 187 Awapuni Road has been described as one of the most significant industrial property listings in recent years in a city which is experiencing a substantial shortage of industrial land.

Downer employs 5,000 staff in more than 60 towns and cities across New Zealand.

With a history dating back to 1870, it has built a significant proportion of the country's roads, rail lines, telecommunications and hydroelectric schemes. More recently, it has expanded into water and renewable energy projects.

The company’s parent, the Downer Group, is listed on the Australian Securities Exchange and New Zealand Stock Exchange and has operations in 23 countries across Australasia, Europe, the Middle East and South America.

Downer’s tenancy of the Awapuni Road site generates annual net rental income of $361,820 plus outgoings and GST. Its current lease runs through to 2024, with three further five-year rights of renewal.

The freehold land and buildings at 187 Awapuni Road, Gisborne, are now being marketed for sale by way of a tender closing at 4pm on 30 April, through Bayleys Gisborne.

Salesperson Mike Florance said the Awapuni Road property currently consisted of buildings with a total floor area of some 670 square metres on a freehold site of just over two hectares.

“The existing buildings provide workshop space and office accommodation for Downer staff, while most of the balance of the site consists of expansive yard areas.

“The company utilises these areas as a base for plant and machinery which are used in projects throughout Gisborne and the wider East Coast region,” Mr Florance said.

The Awapuni Road site is zoned Industrial under Gisborne District Council’s Tairāwhiti Resource Management Plan, yet lies less than two kilometres from the heart of the city’s central business district – and minutes from the airport and port.

Mr Florance said the property’s strategic positioning on State Highway 35 facilitated easy access to the north and south of the city.

Surrounding occupants within the Awapuni industrial precinct encompass a range of industrial activities in business sectors including automotive, transport and construction.

Click here for more information on the listing.

© 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 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>>