NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Property

Closeness to airport key selling point

NZ Herald
22 Mar, 2014 01:35 AM5 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

The 10.6m peak height warehouse was built for a logistics firm. It occupies an 18,407sq m Pavilion Drive site.

The 10.6m peak height warehouse was built for a logistics firm. It occupies an 18,407sq m Pavilion Drive site.

A big modern warehouse and office complex within the Airpark 2 industrial estate is being promoted as probably the only A grade facility available for sale of its size and quality in the Auckland airport precinct.

The freehold property at 129 Pavilion Drive is being sold through Claus Brewer, Scott Soroka and Bruce Catley of CBRE by way of deadline private treaty closing on May 9, unless it sells before that date.

"Freehold properties of this type and location are held in only a few hands and are hardly ever sold," Brewer says. "Opportunities to own facilities of this size and quality in this location are extremely scarce, particularly as leasehold occupation is the norm at Auckland Airport."

Occupying two Business 5 zoned titles totalling 18,407sq m, the 10,998sq m warehouse and office building was constructed in two phases between 2006 and 2007 by Mt Wellington-based industrial building specialists Savory Construction.

The 9484sq m warehouse has a stud height of around 9.5m to the knee, rising to about 10.6m at the apex.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Soroka says the land was acquired and the building designed for maximum operational efficiency. "It was purpose-built from the ground up for a global logistics company and is a full drive-through facility with superb truck access. It has an excellent yard and large 1279sq m canopies orientated away from prevailing winds along with roller doors along the northwestern side of the warehouse. Soroka says the complex has not served as a head office so it has a low ground floor office content of 115sq m and similar-sized office space on the first floor.

"However, as the building was originally consented to allow for a head office, it does have the potential to add space for this purpose."

Under the proposed Auckland Unitary Plan, the property is zoned "light industrial", which includes light manufacturing, production, logistics, storage, transport and distribution activities.

Advertisement
Advertise with NZME.

Brewer says the property is a chance to acquire and occupy a quality building in a pre-eminent industrial precinct.

He says potential occupiers would have to endure a lengthy building period to obtain such a high standard of property.

"It will therefore appeal to a range of owner occupiers and investors who will have the flexibility to invest, occupy or lease it out. Not only is it an excellent high-stud facility with drive-through access to Pavilion Drive and Montgomerie Rd, but it is also on two titles with dual street frontages.

"This gives an investor or owner occupier an option to create two separate facilities on the site."

Discover more

Airlines

Auckland Airport reveals new plans

28 Mar 10:13 PM

Soroka says that the building's impending vacancy adds to its appeal. "It is available with vacant possession no later than the end of July.

"There is nothing of this size ready and available now on the market and any other spec-built facilities of a large nature this year will only be available for lease."

Catley says this combination of factors, plus still low interest rates, has driven "strong early interest" in the property from a number of investors and large occupiers.

"The cost of funding a purchase of this sort is still favourable versus rental cost," he says.

"With projected rate increases it would still be more affordable for a well capitalised occupier to own, rather than lease, the equivalent building. This is especially relevant when factoring in the diminishing supply of freehold industrial land, the quality of construction, cost, time and risk of a new build. These factors would justify the purchase on a replacement cost basis alone."

Catley says CBRE has transacted more than 200,000sq m in the last 12 months and is confident that 129 Pavilion Drive is "right up there with the best to come to market".

Advertisement
Advertise with NZME.

"Airpark 2 is a relatively new industrial estate developed in the mid-2000s. It is a modern and upmarket industrial estate containing a number of high-quality industrial buildings.

"The precinct is dominated by large-scale, predominantly industrial premises with attached office components."

The complex is 1km from Auckland International Airport and close to SH20. "It is a 30-minute drive from the Auckland CBD and is easily accessed from all directions via major arterial routes. For these reasons Airpark 2 is a popular industrial home for many of Australasia's largest logistics and customs companies."

Catley says the importance of the airport location will increase with the completion of the $1.4 billion Waterview Connection motorway project linking SH20 with SH16.

"Improved links between SH1, SH20, SH16 and the Upper Harbour link mean the airport is fast becoming Auckland's focal point for logistics and labour. It has also grown in leaps and bounds in relation to the amenities offered, which has enhanced the airport as a place to do business.

"Low levels of vacancy in A grade facilities that are comparable to 129 Pavilion Drive, plus the supply due to come on stream in the balance of 2014, give us confidence there is going to be strong demand for properties of this quality in this location," Catley says.

Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Property

Property

'Bittersweet': Kiwi rich-lister sells neighbouring mansions for over $28m

Property

Buyers scratching their heads over sale of multi-million-dollar home

Premium
Property

Liquidator helps secure visas for 60 workers from failed NZ firm


Sponsored

Tired of missing out on getting to global summits to help grow your business?

Advertisement
Advertise with NZME.

Latest from Property

'Bittersweet': Kiwi rich-lister sells neighbouring mansions for over $28m
Property

'Bittersweet': Kiwi rich-lister sells neighbouring mansions for over $28m

Trophy homes on Takapuna beach snapped up five months apart.

16 Jul 08:10 AM
Buyers scratching their heads over sale of multi-million-dollar home
Property

Buyers scratching their heads over sale of multi-million-dollar home

16 Jul 08:00 AM
Premium
Premium
Liquidator helps secure visas for 60 workers from failed NZ firm
Property

Liquidator helps secure visas for 60 workers from failed NZ firm

16 Jul 06:00 AM


Tired of missing out on getting to global summits to help grow your business?
Sponsored

Tired of missing out on getting to global summits to help grow your business?

14 Jul 04:48 AM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP