LOGOS expands into New Zealand with acquisition of 10ha Auckland development site

Media
Tuesday 10th July 2018

Located in Auckland’s key industrial suburb of Wiri, the 10 hectare site is located on the corner of Roscommon Road and Wiri Station Road. The site has direct access to one of Auckland’s key arterial roads, the South Western Motorway, and is directly adjacent to the Conlinx Inland Port which services the Ports of Auckland, New Zealand’s largest container port by volume, handling more than 1,600 ship calls and 2.7 million tonnes of break-bulk cargo annually.

LOGOS will develop the site, which has expansion potential, into a circa 55,000sqm logistics estate to service the growing demand from its existing and new tenant customers for modern, purpose built and well-located facilities in this market.

Trent Iliffe, LOGOS’ Joint Managing Director, said: “Today’s announcement is an exciting step forward for our business and customers.

“The New Zealand industrial and logistics sector has experienced strong growth over the past few years on the back of the country’s underlying economic fundamentals, increasing population and importantly the rise in e-commerce. We believe there will be many opportunities for LOGOS to partner with our investors and tenant customers across New Zealand over the coming years, and the Wiri site is an important and strategic first development for the Group.”

John Marsh, LOGOS’ Joint Managing Director added: “Wiri is the key industrial suburb in Auckland which is experiencing significant growth due to its proximity to key freight routes and as the market widens from Auckland’s historical industrial hubs of Penrose and Mount Wellington.

“We are currently in discussions with a number of existing tenant customers from our Asia Pacific portfolio to develop purpose-built opportunities on the site, including large format logistics operators, FMCG, e-commerce operators and 3PL groups. We look forward to sharing more on this in due course.”

LOGOS is a property specialist that delivers tailored solutions for customers in the logistics sector. With operations across Australia, China, Indonesia, India and Singapore, LOGOS partners with some of the leading brands in the Asia Pacific region to support their business growth. LOGOS has A$4billion of equity commitments to 14 ventures with a targeted end-value of Assets Under Management of over A$9billion.