16 | Palmerston North: Higgins Family Holdings REGIONAL DEVELOPMENT “We are the developers and long-term owners of land and buildings. Ninety nine percent of the time we oversee the entire development process, engaging the civil contractors, consultants and contractor to build the development, and we own the development at the end of the project.” Countdown’s new 40,000sqm North Island Distribution Centre has just been completed, and is the park’s largest development so far, encompassing a nine-hectare land parcel. The Higgins family chose to do that project in partnership with the Adams family from Tauranga, who are a long-term partner in residential subdivision, running their own family entity, Carrus. Because of Countdown’s specific requirements for the building, Countdown took on the role of developer, while the Higgins/Adams’ entity funded the project as landholders and long-term owners of the new facility. “The Countdown project went extremely well,” says Mark. “All the parties involved worked well together and the result far exceeded expectations. The project is currently the largest building in the Lower Central North Island, and was finished on time and to budget.” A result more notable was that the project commenced on the first day of the first COVID lock down in 2020 and was completed during the second COVID lockdown in 2021. Bruce Waite, Countdown’s National Non-Retail Property and Development Manager, was delighted with the outcome, saying Palmerston North was a strategically important location for the business. Industrial Park meets demand T from page 14 Development at the industrial park continues to be lively. “The project needed to be fast tracked. The Council and local authorities in Palmerston North were responsive and delivered to agreed timelines and PMB Landco were great to deal with. We’ve ended up with an excellent facility, that has plenty of expansion capacity for the future.” Talk to us today, the feature profile experts Phone: 03 983 5500 waterfordpress.co.nz PROFILE YOUR PROJECT... Development at the industrial park continues to be lively with a regional retail outlet/ workshop completed for Norwood and a new 2500sqm development for Australian Defence Apparel (ADA) about to commence. Tim Myers, Chief Executive Officer of C B Norwood Distributors Ltd, is also delighted with the result of their Palmerston North Retail Centre. “An agreement with the Higgins family enabled Norwood to secure a fabulous site at the entrance of the Manawatu Industrial Park. There is space to grow, and the Industrial Park is strategically located in the center of the lower North Island that enables excellent access to the wider the region.” Thermo King and Iplex are in the Industrial Park as well, with a yard facility for Go Bus, having just been completed. “About twenty hectares of the land has been developed over the last four years but PMB Landco has future proofed the Industrial Park by purchasing adjacent industrial zoned land across Richardsons Line,” says Mark. The Family Holding business has just completed its own Head Office facility at the business park, which includes a workshop and yard for its operations business. The building is bespoke and the end product further testament to a development of true quality. “North Island businesses will typically have distribution bases in Auckland, Hamilton and Palmerston North.” Contact us now to discuss how our professional and wide ranging expertise can help you achieve financial and business success. It’s more than just numbers. Craig Purdy: craig@stuarts.co.nz or Aimee Gray: aimee@stuarts.co.nz Stuarts takes you and your business into account. PROUDLYWORKING FOR HIGGINS CONCRETE & FAMILY HOLDINGS
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