The sale of two more lots in Ashburton Business Estate highlights growing interest in the park.
A local investor has bought Lots 38 and 32, comprising 5008m2 and 1302m2 for $438,200 and $162,750 respectively. This takes the total land area sold to 5.4ha.
Plans are to custom build a commercial warehouse and offices on one site and a cafe and offices on the other.
Noel Gilchrist, an investment broker with Colliers International in Christchurch, said three local investors were eyeing up to another two hectares with two other businesses looking at 5000m2.
“Enquiry has definitely picked up with investors and businesses recognising the merits of the subdivision. There are many firms in Ashburton, which are doing extremely well and now want to position themselves for the future. Those businesses are looking to exit their current leaseholds and turning to design builds for their own use.”
Work is on schedule for end of year completion of Electricity Ashburton Ltd's new premises in ABE.
The electricity network is developing a 2.65ha site that will house its 100 staff in three buildings covering administration, a workshop, a stores building and open yard storage.
And the region’s agri technology renown will be further enhanced by the new $30 million agri-business innovation park is to be established at ABE. The Canterbury Agri-business Innovation Park aims at increasing the commercialisation and sale of agri-technology systems by grouping together a range of complementary companies, and enabling synergies to boost innovation and create new export markets.
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