Press Release – Bayleys
The development of an industrial business hub around the perimeter of Hamilton International Airport has moved into its next phase with the opening of stage two of Titanium Park.
Airport industrial precinct poised to be a “runway” success
The development of an industrial business hub around the perimeter of Hamilton International Airport has moved into its next phase – with the opening of stage two of Titanium Park.
The area to be known as the Central Precinct is on land adjacent to the airport terminal, and has been planned as the hub of the greater business park. The Central Precinct is suitable for businesses wanting to be part of a thriving commercial centre with office, light industrial, warehousing, accommodation and retail servicing airport users and Titanium Park businesses.
Customised freehold landholdings of at least 2000 square metres are now being released for sale or lease at market competitive rates. Sections in the Central Precinct zone of Titanium Park are being marketed by Bayleys Hamilton.
Salesperson Blair Hutcheson said that six hectares of sites at Titanium Park stage two were being sold freehold for office space, small to medium-sized warehousing tenancies, or light industry/manufacturing, while three hectares of land abutting the airport perimeter was available to lease.
Titanium Park is a joint venture between Waikato Regional Airport Limited, McConnell Property and Todd Property. Sell-down of the multi-staged Titanium Park has been broken down into seven stages.
As a comprehensively planned location, Titanium Park is delivering a safe and sustainable business node. The park is aimed at users who appreciate that airports act as hubs for business – with a high profile, accessible and secure environment.
Mr Hutcheson said that Titanium Park’s developers were substantially investing in new state of art infrastructure, and as a development incentive to encourage new businesses into the Titanium Park, and that consequently there were no development contributions for new build tenants.
“The greenfield nature of the Central Precinct zone has meant that section sizes can be tailor-made to suit individual client needs. In addition to the option of buying bare land, there is also the opportunity to purchase design and build packages,” Mr Hutcheson said.
“As a further incentive, in most instances, only a building consent is required for planned premises as the immediate location is not bound by any residential limitations on noise or hours of operation – which means tenants can operate 24/7 if needs-be.”
On-site infrastructure already in place within the Central Precinct includes a 14.5 metre wide service road, an electrical substation with underground cabling along the access road, fibre optic telecommunications cables, and mains pressure water. Buildings within Central Precinct’s freehold portion will have signage and branding frontage onto State Highway 21.
“With all infrastructure services in place, only a certificate of title needs to be issued. This allows for potential tenants to have purpose-built premises scoped out and designed, and construction contracts to be tendered for, so that building work can commence immediately on taking possession of the title,” Mr Hutcheson said.
Sell down of the neighbouring 12 hectare Titanium Park Stage One, Raynes Road, began in 2011 and is almost complete – with outdoor equipment on-line retailer Torpedo 7 building its headquarters and logistics warehousing on the site.
Titanium Park’s stage three, named the Western Precinct, is designed for industry, warehousing, light manufacturing, and logistics businesses wanting a larger footprint.
When complete, Titanium Park is planned to contain a selection of foodservice operations, gymnasium, crèche and landscaped parks including viewing areas for flights into and out of the airport.
Hamilton International Airport sits at the junction of state highways 3 and 21 just a short distance from State Highway One and near to the North Island’s main trunk rail line.
“The predominance of industrial and bulk retail developments around Hamilton city fringe over the past decade have been to the north. As the availability of bare land decreases on that boundary, and rentals increase among the existing constrained stock, traditional warehousing and light industry operations are looking to other options – including Titanium Park,” Mr Hutcheson said.
“Obviously, all new premises around Central Precinct will have the distinct advantage of being built to a minimum 100 percent building compliance under the new earthquake codes which are only now coming into play.”
The location provides convenient state highway access and will benefit from the Waikato Expressway and proposed Southern Links motorway. More than 700 people are already employed by businesses around the airport perimeter. This number is growing and is forecast to be 3,000 on completion of Titanium Park.
Caption: The sell down of industrial land as phase two of the Titanium Park zone around the fringes of Hamilton International Airport has begun.