LOGOS will develop the 10 ha site in Wiri into a 55,000 sq m logistics estate to service the growing demand from its existing and new tenant customers
LOGOS expands into New Zealand
LOGOS has announced it is expanding its Asia Pacific business into New Zealand with the acquisition of a property in Auckland from Fletcher Concrete and Infrastructure.
WEB EXCLUSIVETrent Iliffe, LOGOS joint managing director, says the company’s entry into New Zealand is an important and natural step in the group’s growth strategy, with the move enabling LOGOS to provide its customers with a complete Australia and New Zealand offering.
Located in Auckland’s key industrial suburb of Wiri, the 10 ha site is located on the corner of Roscommon and Wiri Station Roads. The site has direct access to one of Auckland’s key arterial roads, the Southwestern Motorway, and is directly adjacent to the Conlinxx inland port which services Ports of Auckland.
LOGOS will develop the site, which has expansion potential, into a circa 55,000 sq m logistics estate to service the growing demand from its existing and new tenant customers for modern, purpose-built and well-located facilities in this market.
“This is an exciting step forward for our business and customers,” says Mr Iliffe. “The New Zealand industrial and logistics sector has experienced strong growth over the past few years on the back of the country’s underlying economic fundamentals, increasing population and importantly the rise in ecommerce. We believe there will be many opportunities for LOGOS to partner with our investors and tenant customers across New Zealand over the coming years, and the Wiri site is an important and strategic first development for the group.”
Significant growthJohn Marsh, LOGOS’ joint managing director, says Wiri is the key industrial suburb in Auckland, which is experiencing significant growth due to its proximity to key freight routes and as the market widens from Auckland’s historical industrial hubs of Penrose and Mt Wellington.
“We are currently in discussions with a number of existing tenant customers from our Asia Pacific portfolio to develop purpose-built opportunities on the site, including large-format logistics operators, FMCG, ecommerce operators and 3PL groups. We look forward to sharing more on this in due course.”
LOGOS is a property specialist that delivers tailored solutions for customers in the logistics sector. With operations across Australia, China, Indonesia, India and Singapore, LOGOS partners with some of the leading brands in the Asia Pacific region to support their business growth.