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The Industrial market in Wellington remained relatively steady, with vacancy seeing a slight increase in the 2H15. There were several withdrawals from the industrial market, as large sites across the Petone area were removed from the supply base, primarily due to conversion and refurbishment activity.
Following from the strong performance in 1H15, investment activity in the Wellington Industrial market is holding strong. Recent flows of capital and stronger demand for higher yielding assets is driving more interest in the Wellington industrial market
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25 February 2016