Commercial

Sites march to developer's drum

A 4-hectare roof has just gone on Macquarie Goodman Property Trust's new distribution centre for Linfox Logistics at Mangere in Auckland.

Tuesday, July 12th 2005

Linfox is the first tenant for whom Macquarie has developed premises at its new Westney Industrial Park, a 26.6ha site at Westney Rd.

The site can take 12.5ha of buildings and is half-owned by the trust's ASX-listed Australian associate, Macquarie Goodman Group.

The $29.2 million Linfox building is actually 2.9ha, but its roof is far larger because of the need for a big, all-weather canopy for trucks, taking the total area to 4ha.

Earthworks are yet to be completed on the rest of the site which is rough and uneven, although a formed road has been built for access to the Linfox building.

Trust chief executive John Dakin acknowledges that some people find it hard to envisage the finished office park project when they see sites like Westney with only one building up.

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Heartland Bank - Online	6.69
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
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ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
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ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
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First Credit Union Standard	8.50
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