4 | “With the nature of aviation, its challenges and the pressures on aeronautical revenue, it was important to diversify our revenue streams. That was appreciated even more so during the Covid-19 lockdowns.” Palmerston North: Palmerston North Airport REGIONAL DEVELOPMENT T to page 6 Income diversification strategy pays off T Richard Loader Embracing 30 hectares of prime land right next to Palmerston North Airport, Ruapehu Business Park is just 10 minutes from the city’s CBD. Location is the very essence of a great business park that is a hive of industry, where people want to be and the momentum creates a breathtaking virtuous circle. Right on point, Palmerston North Airport’s Ruapehu Business Park is bound to appeal to customers seeking first class logistics, warehousing, distribution or a manufacturing base. Embracing 30 hectares of prime land right next to Palmerston North Airport, Ruapehu Business Park is just 10 minutes from the city’s CBD. Operating 24/7 Palmerston North Airport provides nightly freight connections between Palmerston North, Christchurch and Auckland. But what makes the location really shine is that it is very well connected to the North East Industrial area and future Kiwirail regional hub, making what has been named the Central New Zealand Distribution hub an attractive location to businesses looking to locate in Palmerston North. When completed, the much awaited new Regional Freight Ring Road will provide efficient connectivity to the North East Industrial Zone and the KiwiRail Regional Hub development, offering a unique central location for air, road and rail connectivity. Planning for the business park was first announced in 2016, with a Property Master Plan completed in 2017. The Master Plan separated the development into nine discrete precincts. Commercial and Customer Experience Manager Olivia Pierre says the key driver for the Ruapehu Business Park development was income diversification. “With the nature of aviation, its challenges and the pressures on aeronautical revenue, it was important to diversify our revenue streams. That was appreciated even more so during the Covid-19 lockdowns.” Between 2017 and 2019 the airport completed the Business Park’s first design and build project which was the $5.5 million Massey School of Aviation facility, which provided a vital source of income when Covid-19 hit the region in 2020. Proudly supporting Palmerston North Airport Domestic • Commercial • Industrial Our team have built a reputation for providing quality electrical services for all domestic, commercial and industrial needs since 1979 in the greater Manawatu area. B&M Electrical – For Everything Electrical 305 Rangitikei St P.O. Box 1964 Palmerston North (06) 356 4912 service@bandm.co.nz
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