$130 million Otahuhu business park on track

Tuesday 11 May 2004

Macquarie Goodman plans to build a large $130 million industrial park comprising 10 warehouse-office industrial buildings on a 26.6-hectare site in Otahuhu, South Auckland.

By The Landlord

Subject to Overseas Investment Commission approval, the $34.4 million purchase will be completed soon and work is expected to begin within three months.

The site on Savill Drive was once the location of the Otahuhu Railway Workshops which closed in 1992.

At their peak, the workshops employed over 2300 workers repairing and maintaining railway rolling stock as well as manufacturing hospital and school boilers, tugboat superstructures and petrol tanks.

The Otahuhu industrial park will be a joint venture between Macquarie Goodman Industrial Trust (MGI) and Macquarie Goodman Property Trust (MGP).

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.


LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer