One of the largest parcels of prime industrial land in many years has been converted into a new industrial park.
Strong demand has led to 20 industrial lots ranging from 1000sq m to 20,000sq m being made available in Awatoto, one of Hawke's Bay's most sought after industrial areas.
With limited opportunities of freehold industrial land being available for greenfield developments, the Awatoto Industrial Park is being developed to satisfy owner occupier and tenant demand driven by strong regional growth and supply shortages.
Colliers International industrial sales specialists Rob Nankervis and Peter Chrisp say the park offers multiple advantages to potential owner occupiers or tenants.
"The logistical advantages and development potential of this park are huge with its key Napier and central North Island location, extremely limited development opportunities in the region and solid regional economic growth," Mr Chrisp said.