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Huge landholding with vast development potential on offer in Hastings

Huge landholding with vast development potential on offer in Hastings

A large, unique landholding in the sought-after Tomoana Food Industry Zone in Hastings presents buyers with a rare opportunity to secure a major development site near a prominent industrial hub.

The 6.8ha site on Hanui Road in Hastings is strategically located and has great access to all the main transportation routes in Hawke’s Bay with the Hastings CBD only five minutes away. The Hawke’s Bay airport can be reached in approximately 21 minutes with the Napier Port 22 minutes away.

The property is next to the Tomoana Food Hub, which is the only industrial business park in Hastings that is dedicated to the food industry sector and has a mix of local and international tenants. Foodeast, a state-of-the-art innovation centre, will be located in the neighbouring section and is due for completion in the fourth quarter of 2022.

Danny Blair, Director at Colliers Hawke’s Bay, has been exclusively appointed to market the property for sale by way of expressions of interest with a deadline of 4pm on Thursday 14 October.

The road leading to the site is newly constructed and all services such as electricity, gas, town water supply, sewerage, trade waste, and fibre have been maintained to a high level.

Blair says this location will appeal to a range of buyers who will be able to take advantage of the unique zoning.

“The Tomoana Food Industry Zone has been introduced to allow for further expansion of compatible activities and to encourage the continuation of land-based primary production as the zone develops over time,” Blair says.

“The zone has been provided for an industry specific purpose, and the establishment of non-food related industries is strongly discouraged. Permitted activities within the zone include food related industrial activities and land based primary production.”

Hawke’s Bay continues to enjoy steady industrial growth and has begun to gather attention from buyers around the country who recognise the potential on offer in one of New Zealand’s most dynamic regions.

“The greenfield site of approximately 6.8ha is well located and offers convenient access. With a lack of industrial land available on the market in Hawke’s Bay coupled with the rise in demand for industrial design builds this will be a sought-after offering for a developer that is keen to unlock a substantial resource to capitalise on the projected future growth in Hawke’s Bay.”

The property is located next to the site where Foodeast will be built, which remains on track to open late next year. Foodeast will operate as a commercial enterprise, focussing on providing services to businesses to enable them to develop and commercialise high-value products in the food, beverage, and agri-tech sectors.

The planning and construction phases of Foodeast are being funded by the Ministry of Business, Innovation and Employment, Hawke’s Bay Regional Investment Company, Hastings District Council, and Progressive Meats. It is owned by a council-controlled trading organisation and managed by a board made up of investor representatives.

“The growth of the food sector in Hawke’s Bay will provide buyers with confidence as they search for a premier landholding that offers a range of development opportunities. It is an exciting time to get into the industry given the strong investment from local and central government,” Blair says.

The neighbouring Tomoana Food Hub is home to some of New Zealand’s most prominent companies, including Fonterra, Watties, Jamestrong Packaging, and Tomoana Warehousing.


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Danny Blair

Broker

Hawkes Bay

Having worked in commercial real estate since 2006, Danny is a Director and shareholder of Colliers Hawke's Bay And Taupo.

Danny has been involved in multiple transactions throughout the past decade, specialising in sales and leasing solutions for corporate tenants, government agencies, investors and developers alike.

Danny has progressively established his position in the Hawke’s Bay commercial property market as ‘the top broker’ across the region. He has been the lead broker on some of the largest transactions in the Hawke’s Bay property market over the last five years, including The Tomoana Food Hub, which sold in excess of $40M+ at a yield of 6.23%. This is the largest industrial sale in Hawke’s Bays history, Further sales include 37 Johnston Way, Hastings which recently sold at a record yield of 4.95%. Danny has sold in excess of $270M worth of commercial real estate within the Hawke’s Bay region alone.  In 2016, 2017, 2018 and 2020 Danny was awarded Colliers top broker in Hawke’s Bay.

 

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