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- Release Date: 12/08/13 17:17
- Summary: ASSET: POT: Port of Tauranga Purchases Strategic Onehunga Property
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POT
12/08/2013 15:17
ASSET
REL: 1517 HRS Port of Tauranga Limited (NS)
ASSET: POT: Port of Tauranga Purchases Strategic Onehunga Property
While the City of Auckland grapples with the future of its waterfront, Port
of Tauranga Limited continues to expand its MetroPort inland port operations
in South Auckland. Already handling over 180,000 TEU per annum of
international imports and exports to and from the Auckland market, the site
has significant capacity to grow. This is further enhanced by the Company's
announcement today that it has acquired Gateside Industrial Park from Goodman
Property Trust for $37.2 million.
Port of Tauranga Chief Executive, Mark Cairns, said, "This strategic
acquisition, with a total area of 6.8 hectares, will be key to expanding
access to and from international markets for Auckland."
The property, which is immediately adjacent to Port of Tauranga's inland
port, MetroPort, includes three large industrial warehouses, an office
building and more than 2 hectares of land we have ear-marked for future
development."
Mr Cairns went on to say, "This acquisition adds to the $10 million recently
spent on acquiring three properties in Tauranga. These properties add a
further 2.28 hectares to our potential development land, bringing our total
holdings in Tauranga to nearly 190 hectares."
Rental income from these new properties will exceed $3 million per annum.
The unconditional sale is due to settle in February 2014.
For further details, contact:
Sara Lunam
Acting Chief Executive
Port of Tauranga Limited
Ph: 07 572 8856
http://www.port-tauranga.co.nz/Media-Room
See attachment for maps.
End CA:00239550 For:POT Type:ASSET Time:2013-08-12 15:17:04
