Press Release – Bayleys A dire shortage of developable industrial land in the wider Wellington region, coupled with unrelentingly low vacancy rates across the sought-after established industrial precincts, underpins the value proposition of a Lower Hutt property with scale that …
A dire shortage of developable industrial land in the wider Wellington region, coupled with unrelentingly low vacancy rates across the sought-after established industrial precincts, underpins the value proposition of a Lower Hutt property with scale that has come to the market.
Almost 8,000 square metres of General Business-zoned land with supporting buildings – suitable for a significant upgrade or complete redevelopment – is for sale in the city’s most-contested precinct of Seaview/Gracefield.
Industrial Package With Scale In Low-vacancy Gracefield Precinct scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Wednesday, 21 July 2021, 10:31 am
Local Hutt Valley businesses are encouraged to express
interest in being part of the Naenae Pool rebuild, to
benefit from a slice of up to $68 million being invested in
the project.
Lower Hutt Mayor Campbell Barry says
investing to rebuild the Naenae Pool will not only deliver a
new community asset, but also provide opportunities for
local people and businesses. As Mayor, I’m always
asking how we can make sure local businesses are at the
heart of the Naenae Pool rebuild, and how we can retain as
much of Council’s investment within our local economy,
Councillors scramble to reverse decision to extend paid parking hours stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
MONIQUE FORD/Stuff
Kunnen says the dearth of industrial land is being compounded by a lack of quality space, with many existing buildings more suited to the manufacturing needs of the mid-20th century. The dearth of industrial land was compounded by a lack of quality space, with many existing buildings more suited to the manufacturing needs of the mid-20th century, he said. Colliers associate director Tim Julian said the region was experiencing the lowest vacancy rate for industrial land since records began. It was currently 1.5 per cent, a healthy rate was about 4 per cent, he said. He was aware of just six hectares of industrial-zoned greenfield land left across the Hutt Valley, Wellington, Kāpiti and Porirua.