A well-established and growing construction services company operating in a niche segment of the market is seeking a development partner with a proven track record to assist them with their next growth phase.
Spiral Drillers, who have been in operation for 50 years and undertake piling for construction, infrastructure and more challenging specialist housing projects, own an industrial site in Drury. They are now looking to team up with an investment partner experienced in the construction of large-scale industrial facilities who would like to benefit from owning the property upon completion with a long-term lease back in place.
Todd Kuzmich, Industrial Director for Colliers, who alongside colleague Paul Jarvie are undertaking an expression of interest campaign that closes at 4pm on Tuesday the 1st of June, notes the owners had long considered Drury to be the perfect future home for their business.
“Spiral Drillers was one of the first companies to purchase an industrial land site in Drury, cognisant of the projected future development in the region and its position midway between their two current premises.
“With the site secured, the owners worked closely with leading industrial architect Simon Williams, recently finalising the design of their new head office and industrial facility. The outcome is not only perfectly suited to the operational requirements of Spiral Drilling, but one that would suit a wide range of other industrial occupiers.
“With the development now at the design and consent stage and with an extremely busy project pipeline, the directors of Spiral Drillers now wish to step back from the development process to remain fully focused on running the business.
“While commercial terms for the lease are flexible, Spiral Drillers want to secure a long-term lease over the completed development and are targeting a commencement date of October 2022.
“However, these details are up for discussion for the successful party with the right credentials,” says Kuzmich.
The 13,870 sqm site is designed for a warehouse of 6,795sqm with an additional 880sqm canopy.
Further features include full drive-around capability, multiple ingress and egress points and a large concrete yard. External wall construction has tilt-slab concrete panels to two metres with long-run steel above.
A quality, modern two-level office facility with a net lettable area of some 1,033sqm is positioned at the front of the property, providing high quality office space and amenities.
The property also has a jointly owned access lane, which sits on the southern boundary with three sliding gates giving further access to the property.
“Spiral Drillers is family owned and operated, which makes them one of the few non-corporate companies in the industry.
“Founded by Brian Hannah in 1971, with son Andrew working alongside his dad since he was a kid, the business expanded quickly in 2011 when Jon Faber joined and brought with him over 22 years’ experience in the construction industry, and a passion for business growth.
“Soon after, Jon and Andy bought Brian out of Spiral Drillers and the business continued to go from strength to strength.
“In 2018, Jon and Andy were faced with their biggest challenge yet, to install 3,250 piles for the Waikeria Prison project.
“To finish on time and to the highest quality, Spiral Drillers had to grow, adapt and think outside the square. This led to the acquisition of another long-standing piling company, Hauraki Piling, in 2018.
“Now the company employs 50 staff split across two premises with work undertaken throughout the North Island.
“Spiral Drillers continues to be focused on innovation and growth and have recently acquired both the ISO45001 and ISO9001 certificates for safety and quality.
“Spiral Drillers are also community minded, donating to several charities annually. They are dedicated to becoming carbon neutral and have a community contribution give-back scheme with their staff,” says Jarvie.
When discussing the development and investment opportunity, Kuzmich notes how Drury has been identified as a major growth hub at the southern gateway to the Auckland region.
“This key focal point for regional growth is set to benefit from $2 billion of infrastructure investment over the next 10 years. Surrounding land near the site for sale is giving rise to several modern residential subdivisions as the area continues its rapid growth.
“With new railway stations, bus routes, roads and water infrastructure and the potential for a regional centre to be created around Drury South Crossing, it is already becoming the focal point of considerable industrial and commercial occupier interest.“Given the significant interest in high quality industrial investment product, lack of development opportunity and significant upside on offer for an experienced developer with the right credentials, we suggest interested parties get in touch immediately to avoid disappointment.”