“Understandably, retirees find it difficult to come to terms with spending their capital to fund their lives after they have finished up at work. They are far more comfortable spending investment returns.” A purpose-built facility for household name Akaroa Salmon, at 89 Treffers Rd in Wigram, drew four offers a week ahead of deadline. The successful buyer was a local investor, but there was significant interest from unlisted funds, private investors, and trusts outside of Christchurch – attracted by the 2019 architecturally designed facility with a 20-year lease in place.
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The property at 26 Logistics Dr sits on 10,855sqm fronting SH1. Another keenly sought asset, which is currently under offer, is a breeder rearing unit in Rakaia, Canterbury, leased to Tegel for 15 years through to 2033.