NZ Occupier Update | 25 February 2020

Auckland CBD waterfront

Local updates

  • Auckland Airport are planning a $350m redevelopment of their international arrivals area. The project is set to be completed in 3 years and will add 30,000 sqm of floor space. More info here.
  • Hamilton City Council has agreed to rezone land in Himemoa Park to allow K’aute Paskifa to build a new home for the Pasifika community in Hamilton. The new centre will allow the community to easily access the charitable trust’s health, education and social services.More info here.
  • Fletcher Building are relocating their Winstone Wallboards business to Tauranga’s Tauriko Business Estate. The $400m plasterboard manufacturing facility is planned open in 2023 and will provide 100 new permanent jobs in Tauranga.More info here.
  • Zespri have opened their new head office complex in Mount Maunganui. The 5,264 sqm complex includes space to host tour groups and to showcase the kiwifruit industry.More info here.
  • Generator are redeveloping the former Dunbar Sloane building for their first co-working space in Wellington. The building is being seismically strengthened to 100% NBS and will offer 2,000 sqm of floor space. More info here.

Overseas updates

  • Coles and Woolworths have each announced partnerships with external tech companies to improve the automation of their fulfilment centres in Australia. More info here.
  • Maersk is expanding its US warehousing network with the $545m acquisition of Performance Team, a warehousing and distribution company. This deal will add 800,000 sqm of warehousing to their existing 563,000 sqm of space. This is part of a strategy to improve end-to-end supply chain operations. More info here.
  • Developments around London’s Oxford Street will transform the area into a residential area. Nine developments are currently underway, which will provide more than 500 new homes. More info here.
  • A build-to-rent scheme has been approved at the historic Tower Works site in Leeds, United Kingdom. The scheme comprises 245 new homes including built-to-rent apartments and duplexes. More info here.
  • Gensler has released photos of its new office space in London. The project used an existing structure to provide a modern platform while also achieving a lower carbon footprint than a new build. More info here.

Related Experts
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Chris Farhi

Director | Strategic Advisory

Auckland CBD

Chris is a Director within the Strategic Advisory team. The team helps you with your big property decisions and complex transactions.

Chris' advisory work focuses on:

  • Decision making processes (eg property strategy, business cases, feasibilities, etc)
  • Tenant representation for large lease transactions (office,  industrial and specialist-use)
  • Multi-site networks (eg consolidation strategies, optimisation, etc)

Chris’ background in brief:

  • Property strategy advisor for some of New Zealand’s most successful private sector, public sector and non-for-profit organisations.
  • Tenant representative (tenant-paid lease negotiator) for organisations ranging from small-to-medium enterprises through to major listed companies and government agencies.
  • Specialist skills in commercial leasing, financial analysis and market research.
  • Part-time lecturer at the University of Auckland Business School and commercial leasing trainer for the Royal Institution of Chartered Surveyors.

Chris’ qualifications include Honours degrees in both Civil Engineering and Property from the University of Auckland, and a Master of Philosophy from the University of Cambridge, UK. He is a Chartered Member of the Royal Institution of Chartered Surveyors.

Outside of work, Chris is a combat engineer in the NZ Army Reserve and a keen baker.

View expert
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William Silk

Analyst | Stategic Advisory

Auckland CBD

William joined the Strategic Advisory team as an Analyst  in the Auckland CBD office in 2019, after completing studies at The University of Auckland. 

Specialising in reseasrch, reporting and analysis to support strategic commercial proprety decision making. 

View expert