| 23 T T Karen Phelps Positive response to industrial site The strategic location of Spedding Road has been a key driver of its success. Spedding Industrial DEVELOPMENT Auckland’s largest greenfield industrial development north of the airport, now has over 60% of the land sold or under contract. Cameron Wilson, director of Oyster Capital, which owns Spedding Industrial in Whenuapai, says the development has attracted significant interest from local and international companies looking to upscale their operations. “The development’s scale sets it apart in the Auckland market with sites ranging from 3500 to 200,000 square metres,” he says. “While nearby Albany has performed well historically, its sites and buildings typically operate on a smaller scale.” Cameron says the strategic location of Spedding Road has been a key driver of its success. The site borders State Highway 16 and connects directly to State Highway 18 via Brigham Creek, Spedding and Trigg roads, providing efficient access to Auckland’s major transport routes. This connectivity has generated substantial interest from logistics and transport-related companies seeking to future-proof their operations. The development includes nine transport upgrade initiatives, including the phased signalisation of the roundabout at the intersection of State Highway 16 and State Highway 18, links to Brigham Creek Rd and Fred Taylor Drive and an extension of Spedding Rd that adds another connection between State Highway 16 and 18. Infrastructure development has been another focus, with Vector installing power infrastructure to support high-energy-demand businesses, including potential data centres and electric vehicle charging facilities. A new substation is also planned for the area. Cameron says the development presents great opportunities for businesses to build sustainably for greater efficiencies. The development’s timing aligns with significant population growth in the surrounding area. Whenuapai is projected to add between 8000 and 10,000 additional dwellings by 2041, with the wider peninsula expected to house 40,000 people. This growth will also result in a ready workforce nearby, providing opportunities for people living locally, so they won’t have to travel far to get to work, says Cameron. Oyster Capital, a New Zealand-owned property development specialist, has maintained a focused presence in Auckland’s northwest sector for the past 14 years. It has successfully delivered three significant plan changes to unlock infrastructure for housing and employment growth in the region. The company was the first developer to secure a plan change under the housing accord and the first to deliver titles under the same initiative. Spedding Road, encompassing 46 ha of land, is one of Oyster Capital’s largest greenfield industrial developments. The development will include amenities such as a childcare centre and hospitality offerings, serving both the industrial precinct’s occupants and the local community. The project is earmarked for completion end of May 2025 with titles delivered mid-year for the first purchasers to settle and begin their build processes. Cameron says market reception has been positive, reflected in the progress on sales during a tough economic time, which reflects the demand for a high-quality offering in that location. NZX-listed Property for Industry (PFI) is one of the development’s major purchasers, securing 5.3 hectares to build a future pipeline of industrial properties.
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