Business park for Penrose
Monday 6 September 2004
Location Group is planning to convert a former 2.5ha truck wrecking site at 645 Great South Rd into a business park.
By The LandlordDevelopment manager Chris Davies says the park will comprise 16 road-frontage retail premises along with standalone office buildings and combined warehouse and office complexes.
The park will cater for a wide variety of businesses, he says. Warehousing firms will be offered a range of container and goods handling solutions. A ring road skirting the site will ease truck movements while maintaining separation from office activities.
Businesses will be able to lease or own buildings configured to their requirements.
Read More - Opens in a new window
Commenting is closed
There’s a major housing market downturn coming and it’s likely to reduce the number of investors in the market, according to ANZ economists.
Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
Economists say that the Reserve Bank has left the door open to lower or even negative rates, as it kept the official cash rate on hold in its Monetary Policy Statement (MPS) today.