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News Release

Palmerston North - Manawatu

Large Greenfield industrial land for sale in distribution hub


 

 

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​​​​A significant parcel of serviced industrial land within the 70 hectare Manawatu Business Park in Palmerston North has come to the market for sale. John Binning, National Director of Capital Markets at JLL is selling 44 hectares of fully serviced subdivided land at Manawatu Business Park on behalf of Argosy Property Limited by way of private treaty. Binning describes this opportunity as ideally suited to a developer, part owner/occupier or investor. 

Manawatu Business Park is located within the suburb of Milson, an outer north eastern industrial precinct of Palmerston North placed approximately 6.5km north east of Palmerston North’s city centre. The frontage and access to the site is via 31 El Prado Drive in Milson, which is just a five minutes’ drive and 2.4km from Palmerston North Airport. The North Island rail network and main arterial routes are also in close vicinity to the site.

Manawatu Business Park is home to a number of large quality warehouse operators including Ezibuy, Big Chill, Allfex, Hooker Brothers, Fliway Group, Vestas, Tyremax, Fresh Max, Budget Plastics and Provida Foods; with Foodstuffs distribution hub adjacent. Amenities within the business park include a childcare centre. Surrounding the site is modern industrial distribution and warehousing along with vacant industrial land. 

JLL is offering a total of 44 hectares for sale that is zoned specifically for industrial businesses that can operate 24/7. Significant aesthetic developments have taken place within the park improving the street lighting, footpaths and levelling the site. Lot sizes start from 2,000 sqm plus, design build options are available to meet specific tenant requirements and boundary realignments are offered. 

John Binning says, “Palmerston North is growing as a recognised distribution and logistics hub that services both the central and lower North Island. The development of the transmission gully project will make the whole proposition of supplying the Wellington region even better from a logistics point of view. This land is also located within a two hour radius of New Plymouth, Taupo and Hawkes Bay.”

Palmerston North is the main city of the Manawatu-Wanganui region of the North Island and is New Zealand’s seventh largest urban city. According to Statistics New Zealand population is projected to increase 13.4% from 2013 to 2033. 

“There is a strong demand for Greenfield land for modern industrial developments in the greater Wellington region and the Manawatu Business Park can meet this growing need. Land value rates are also approximately two thirds less than Wellington and just 20% of Auckland’s land value making this an affordable and strategic long-term investment,” says Binning. 

Binning says there are a number of large developments in the pipeline for Palmerston North which will further enhance the attractiveness of the area including the further development of Massey University, Bupa Retirement Village, Council Housing, AgResearch in Grassland as well as a supermarket and retail/commercial development. 

Palmerston North has a long history of innovation in the business sector which is why it is home to the head offices of Toyota New Zealand, Higgins Group, FMG Insurance, New Zealand Pharmaceuticals Limited, and Hunting and Fishing New Zealand.