Press Release
Modern Hornby warehouse offers flexible options and competitive rent
Christchurch
November 17, 2024
Media Contact
Marketing and Pitch Director, New Zealand
The facility, at 15 Sir James Wattie Drive, was constructed in 2009 and provides modern 100% NBS, high stud warehousing with existing pallet racking, significantly reducing fit out costs for the new occupier.
CBRE Associate Directors of Industrial & Logistics Scott Bentley and Nathan O’Neill, who are offering the property for lease, say the building was constructed for a major national logistics operator and offers an excellent opportunity to secure a foothold in Christchurch’s premier industrial precinct.
“This A-grade, fully racked facility is purpose-designed for storage, logistics and distribution centre use and provides many options for occupation, which is often difficult to find in high-demand precincts like Hornby. The landlord is willing to consider various scenarios including shorter lease lengths or leasing part of the warehouse space.”
The facility is owned by Mainland Capital, a premier commercial property investment firm and experienced fund manager which manages a large portfolio of commercial and industrial buildings nationwide, says O’Neill.
“There are many benefits in working with an institutional landlord like Mainland Capital. Its dedicated team of Asset Managers maintain close relationships with tenants whilst ensuring the properties are effectively managed. As a specialist fund manager, Mainland Capital is invested in the long-term performance of the buildings in its portfolios and ensuring all assets are well-maintained and future-proofed so they perform optimally for their occupiers.”
The facility includes a 6,625sqm warehouse with a 13m high stud, with the current racking configuration providing storage capacity for approximately 12,000 pallets. A large 1,945sqm covered breezeway extends the length of the warehouse, giving full drive-around access to the large container set-down yard to the rear of the building.
Adjoining the warehouse to the front of the property is a 432sqm office wing spread over two levels, along with car parking.
“This facility offers occupiers highly efficient use of space and streamlined operational capabilities, along with corporate-grade offices. Along with the landlord-owned racking provided, brand new LED lighting is to be installed, enhancing the operational efficiency of this contemporary facility,” says Bentley.
Located off Shands Road in Hornby, the property is just metres from on and off-ramps to the Southern Motorway, providing convenient transport access to Lyttelton Port, Christchurch CBD and State Highway One, O’Neill says.
“Hornby is regarded as Christchurch’s top industrial precinct owing to its ease of access from multiple destinations, proximity to large residential catchments providing convenience for workers, and generally very high quality building stock. Several large retail chains have their South Island distribution centres located in Hornby, along with the numerous national logistics operators which favour the precinct’s location on the western edge of Christchurch.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.