LOGOS Partners with AustralianSuper for the Development of 120,000sqm at Wiri Logistics Estate in New Zealand

Media
Wednesday 10th July 2019

LOGOS is pleased to announce it has established a new partnership with AustralianSuper for the development of the Wiri Logistics Estate in Auckland, New Zealand. LOGOS acquired this 10 hectare Wiri site in July 2018 and commenced the development of the Estate’s first facility in April this year.

As part of this new partnership, LOGOS and AustralianSuper have also entered into an unconditional agreement to purchase an additional 14 hectares of land adjoining the Estate from Fletcher Concrete and Infrastructure Limited, a subsidiary of Fletcher Building Limited. The combined 24 hectares will be transformed into a NZ$500 million prime logistics estate.

Darren Searle, LOGOS’ Head of Australia and New Zealand, said: “We are pleased to be welcoming AustralianSuper, Australia’s biggest superannuation fund, to the Wiri Logistics Estate.

“AustralianSuper’s investment highlights the increasing strength of the New Zealand industrial and logistics sector, which has seen renewed growth over the past few years on the back of the country’s underlying economic fundamentals, increasing population and, importantly, the rise in e-commerce.

“More than 200 jobs will be created over the course of the Estate’s development and we look forward to working with AustralianSuper on transforming this site into a prime logistics estate offering up to 120,000sqm of quality logistics space for Auckland,” he added.

LOGOS has commenced the development of the Estate’s first tenancy, a purpose built 15,700sqm facility for Hilton Foods New Zealand (Hilton) at the Estate, with Hilton committing to a 25 year pre-lease. LOGOS recently completed a 45,000sqm purpose-built food processing and distribution facility for Hilton in Brisbane, Australia, with the acquisition of the Wiri site in line with the Group’s strategy of supporting the growth plans of its existing tenant customers.

AustralianSuper Head of Property, Bevan Towning, said this partnership was a great opportunity for the Fund to grow its investment footprint in New Zealand and deliver strong, long-term returns for members.

“We are very pleased to invest in the New Zealand logistics sector alongside partners LOGOS and look forward to a long-term relationship,” Mr Towning said.

The Wiri Logistics Estate is located on the corner of Roscommon and Wiri Station roads and offers direct access to Auckland’s key arterial roads and motorways, as well as the Conlinx Inland Port that services the Ports of Auckland.

LOGOS is currently in discussion with a number of new and existing tenant customers to develop purpose-built opportunities on the site, including large format logistics operators, FMCG, e-commerce operators and 3PL groups, with further announcements to be made in due course.

Recent Media Releases
  • Media

  • 22 Wednesday 2024

LOGOS secures exciting acquisition in Erskine Park

LOGOS, part of the ESR Group, has today announced the acquisition of a 7.7ha site in Erskine Park; one of Australia’s premier Industrial & Logistics locations. Read More
  • Media

  • 24 Wednesday 2024

Ivanhoé Cambridge and LOGOS commit over INR 1,100 Cr. investment in Chakan Industrial Estate, Maharashtra becoming the largest FDI led integrated private industrial and logistics development in India

Ivanhoé Cambridge along with the leading Asia-Pacific logistics specialist LOGOS, are pleased to announce the acquisition of an additional 66 acres in Chakan, Pune taking the Chakan Industrial Estate’s total land size to 143 acres. Read More
  • Media

  • 6 Monday 2023

LOGOS announces Moorebank Intermodal Precinct development update, including new tenant leases across ~50,000sqm GLA and completion of $620m warehousing

Leading Asia-Pacific logistics specialist, LOGOS, has announced an update on its development of Moorebank Intermodal Precinct (“MIP”), Australia’s largest intermodal freight facility, two years after the LOGOS Consortium’s acquisition of the site. This update includes new tenants Maersk and Sydney Tools, the completion of warehouses to end value of $620 million due by end of year, and material installation of solar infrastructure.  Read More