One of the key drivers for the Tauriko Business Estate’s appeal to investors is the strength of the Port of Tauranga and the easy motorway access from Tauriko to the Port, notes Commercial Managing Director, Philip Hunt.
“When we last spoke about Tauriko (around last year’s lockdown), there was some uncertainty,” says Hunt, who is a well-established expert on the Estate’s activity.
“But how wrong we were! Demand has been incredibly strong in all aspects of the market, including retail, commercial and industrial – Tauriko came out swinging.”
Hunt comments that Tauranga tends to underestimate the strength and significance of the Port, citing the example of Auckland company Winstone Wallboards, which is well advanced in building out a 13ha plasterboard manufacturing and distribution facility within Tauriko Business Estate.
“One of the reasons they are here is because of the ease of transport to our Port,” he says.
“It’s the motorway access to the major roads and it’s the Takitimu Drive access to the Port,” he says. “This is what I’m hearing almost every day when I speak to tenants and buyers. And of course, with Tauriko growing, you’ve got the economy of scale – everybody wants to be there.”
Hunt says the fact that the Estate is getting built-out doesn’t matter as potential purchasers are demanding the opportunity to buy from existing owners.
He notes that when the region moved into lockdown recently, he and his team felt that working from home was just like a normal day at the office with activity levels. “Nothing seemed to change and the level of enquiry was as strong as ever.”
Hunt, who recently won Top Commercial Agent at this month’s Ray White New Zealand awards for the sixth year in a row, pays tribute to his experienced team, crediting his PA Kate Bosworth with helping secure his latest award.
“We have a boutique, professional and loyal team, each member offering unique strengths.”