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Low vacancy puts pressure on large Wiri occupiers

Fuseworks Media
Fuseworks Media

The scarcity of industrial space for lease in Wiri is hurting large occupiers who require substantial facilities with good proximity to key markets and infrastructure, says an Auckland industrial expert.

Colliers International research shows the prime vacancy rate in Manukau remains at a stubbornly low 1.4 percent - a result that hasn’t shifted over the last two vacancy surveys.

Industrial Director Andrew Hooper says large manufacturing and distribution facilities in Manukau’s premiere industrial hub of Wiri are in particular demand.

"Wiri is a hugely attractive location due to its great motorway connections, proximity to Auckland Airport, and the ease of reaching markets through the Wiri Inland Port.

"The problem is, space of any size is almost impossible to find. This is causing huge headaches for occupiers who need to upsize or are nearing end of lease.

"Some large occupiers have responded by relocating further afield, but for businesses requiring greater proximity to key Auckland markets, that simply isn’t an option."

Against this backdrop, Hooper says it is extremely rare for two substantial industrial facilities in Wiri to become available at the same time.

Colliers International has been exclusively appointed to sublease more than 30,000sq m of space at 25 Ha Crescent and 15-21 Chonny Crescent.

Located at the gateway to the Southern Motorway, 25 Ha Crescent provides more than 18,000sq m of high stud warehouse space.

The vacating tenant, Croxley Stationery, is on a lease to September 2023, but there is the option to negotiate a longer term with the landlord.

Hooper says 8,300sq m will be available to sublease from July 2019, followed by the entire 18,631sq m facility from July 2020.

"This is an outstanding opportunity to occupy a massive, superbly located industrial facility with a configuration that makes it highly versatile for a range of industrial users."

The building comprises a 16,582sq m warehouse, 1,657sq m canopy and 392sq m office, giving it an extremely low office ratio of only 2.3 per cent.

It is situated on a large 26,357sq m site with dual street access, full security fencing, large concrete operational yards and abundant car parking.

The property is zoned Heavy Industry, which allows for a wide range of industrial uses including manufacturing and distribution.

Greg Goldfinch, Industrial National Director at Colliers, says the facility was built in 2000 and remains in exceptional condition.

"The fully sprinklered building provides a clear span warehouse with a high stud of 9m at the knee.

"The warehouse is accessed via six roller doors and a loading dock fronting a large concrete yard at the side of the building.

"The carpeted and air-conditioned offices are located at the front of the property."

The Chonny Crescent offering is a newly completed 12,255sq m industrial facility that is available to occupy immediately.

"This is an outstanding long-term sublease opportunity for occupiers with a pressing need for more space," says Hooper.

"The property has been built to the highest specifications there are, offering potential tenants the very best warehouse solution in the market."

The warehouse provides 11,725sq m of clear span space with a high stud of 11m at the knee, rising to 14.2m at the apex. It has a high floor loading capacity and is kitted out with ESFR sprinkler systems.

The warehouse is complemented by 530sq m of office, a substantial 3,050sq m canopy, a 1,500sq m sealed yard and parking for 43 cars. It sits on a 15,305sq m site with Light Industry zoning.

Industrial Director Hamish West says both properties have very good proximity to the Southern Motorway (State Highway 1) and the Southwestern Motorway (SH20).

"The properties are just off busy Roscommon Road, a district arterial route that links SH20 in the north through to the residential areas in the south.

"SH20 offers excellent access to Auckland Airport and the newly completed Western Ring Route via the Waterview Connection, which provides an alternative route north.

"This connectivity has made Wiri popular with large national and international tenants including The Warehouse, Frucor, Americold, Kmart, Downer and Gough Group."

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