20 Puaki Drive, Wiri
Confidence in the long-term prospects of the Auckland industrial property market is a driver in the purchase of 20 Puaki Drive, Wiri for City Logistics Co. Limited.
The 5.8 hectare site, almost the size of six rugby fields, and its high quality building is now a cornerstone investment for City Logistics Co. Limited (CLC), part of Mayfair Group.
CLC engaged RDT Pacific to manage technical due diligence and related workstreams for this project which involved navigating site complexities and eliminating risks in a fast-paced and dynamic investment market.
This is the third in a series of Auckland industrial investments for CLC that have required in-depth knowledge and expertise of the local property market to navigate complex issues.
This project made the most of RDT Pacific’s integrated services offering, requiring Project Management, Capital Intelligence (property advisory) and Sustainability Advisory services.
For this client, the ability to promptly identify potential risks and opportunities, propose timely solutions, and maintain effective communication was crucial to achieving a successful outcome.
Our integrated, solutions driven approach enabled an excellent outcome for our client and the vendor.
The Wiri-based property is leased to GPC Asia Pacific, the largest automotive and industrial aftermarket parts supplier in Australia and New Zealand.
The next phase for this project is to align it with the client’s overarching environmental sustainability strategy which involves working towards Green Star performance certification.
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 has been a critical partner in our endeavours, consistently demonstrating an exceptional level of project management and advisory expertise. Their ability to foresee and mitigate potential challenges has been vital in optimising our investments across New Zealand's industrial sector. The team’s proactive approach and deep market insights have significantly contributed to our projects being completed on time, within budget, and with strategic advantages that extend beyond the immediate scope of work. We value RDT Pacific's role in advancing our portfolio and look forward to continued success with their guidance.
