It has been a busy year so far with both existing and new investments – an update on the current projects follows.
The North Transport building in Blenheim is due for completion later this month. It survived without damage from the earthquakes and has an initial lease term of 10 years. It is full as far as equity is required.
In Christchurch we have been involved in three Tegel projects, being new warehouses, an existing feed mill and a new processing facility. The warehouses are under construction, due for completion later this year. The processing facility is complete and we’re about to seek equity support for this; it has an initial 25 year lease.
Queenstown’s 5 Mile has been a controversial project in the past, known as ‘Henderson’s Hole’ amongst other things. It is now all go.
The first stage involves five buildings, the roading and all the carparking. Within the complex we have two buildings, one the Countdown supermarket, and the other Briscoes and Rebel Sport stores. Opening is scheduled between December 2014 and February 2015. Equity opportunities are available.
Please let us know about the properties you’re interested in.
Thanks very much
Ron Mackersy