19 Druces Road, Wiri
A combination of size, location and potential led City Logistics Co. Limited, part of Mayfair Group, to add 19 Druces Road Wiri to its portfolio of Auckland last mile logistics investments.
The property presented a strategic investment opportunity for City Logistics Co. (CLC) with its substantial land area and existing improvements in a top location near Auckland Airport.
CLC engaged RDT Pacific to manage technical due diligence for the site. When the purchase was settled, our role changed to Project Manager to reposition the site on a tight schedule for a new tenant.
Due diligence work and in-depth knowledge informed the repositioning work, enabling the RDT team to hit the ground running and respond to short timeframe challenges on this brownfield site.
The repositioning programme involved demolition and refurbishment of the property, including a custom-built 400 m² office building for the new tenant, a substantial upgrade of the 3,500 m² bulk store, better site space utilisation, traffic flow planning and an overhaul of essential services.
The redevelopment has been an opportunity to respond to the clients’ sustainability commitments, creating the groundwork for future green building certifications with options for carbon assessment and utility monitoring.
Confidence in the long-term prospects of the Auckland industrial property market is a driver for CLC – the Druces Road property is one of a series of Auckland property investments involving RDT Pacific and utilising our integrated service offering.
RDT Pacific has proven in-depth knowledge and expertise of the New Zealand industrial property market. The ability to navigate complex issues with agility has enabled our client to invest with confidence in a fast-paced and dynamic investment market.
RDT Pacific is widely recognised as a leader in the industrial and logistics property sector in New Zealand, taking care of the details at all stages of the property life cycle.
Testimonial
RDT Pacific’s expertise in project management, cost management, and property advisory has helped us unlock value across our portfolio of properties. The RDT Pacific team stands out for their commitment to excellence, delivering not only within budget and on schedule but also providing strategic insights and helping to manage complexity in a way that has been pivotal to our success. Their partnership has been instrumental in enhancing our project delivery and helping to build a resilient and thriving business.