“We see this as complementing existing heavy industry in the area, such as JNL, Ovation, WET Group and Kiwi Lumber to name a few.
“This particular industrial area is already well established but there haven't been any lighter industrial options for people to date, which is where our product can help.”
The developers are the same people behind the 18.5ha Aerodrome Business Park.
“It's a similar design, but obviously there are no more sections available there.
“It's ideally suited for entities looking to service the growing industrial business community down there.”
It could also provide large-scale storage facilities similar to an in-land port, close to a railway line (should the line reopen).
“Large scale horticulture and agricultural support services would also be ideal, given the close proximity to SH35 and access to the East Coast.
“Location has been a good selling point for customers, as well as the fact lots are fully serviced and it's adding quality industrial product to an area that needs it.
“The development was zoned by GDC in the 1990s as the area designated for future industrial growth for the city.”
The developers see the economic landscape as still being buoyant.
“If you look at Aerodrome Business Park, it is 80 percent fully utilised and there are four large commercial buildings under various stages of construction, due for completion in 2023.
“So, that's $20m worth of commercial buildings — that's a good indication of how things are going.”
Marketing agent Philip Searle of Property Brokers told The Herald that supply of medium-sized industrial land in Gisborne had become a real problem in that there was virtually no land available apart from a few tightly held infill areas.
“We have constant enquiry for warehousing or workshops and rarely have any available, nor the land to build on,” Mr Searle said.
The Dunstan Road Industrial Park would be a great investment for those with an eye to the future, he said.
