Sharechat Logo

PGG Wrightson to sell prime Napier land

-Press release

Tuesday 17th July 2007

Text too small?
PGG Wrightson is to sell its flagship wool storage facility in Ahuriri, Napier with the site on prime retail or residential development land.

The 5.27 hectare leasehold site and an adjacent site already have an existing resource consent allowing for 22,720m2 Big Box retail site and this is expected to interest some of the larger players in retail development.

The PGG division, New Zealand Wool handlers who currently use the site would consider a variety of proposals from interested purchasers.

Colliers International sales manager Jude Minor says the site is one of the largest remaining prime pieces of land in Ahuriri, which has been the focus of apartment developments over the last five years.

Over this period more than 200 apartments and townhouses in four complexes have been built. Plans are underway for a further three complexes.

"The site is suited to Large Format Retail as it's on the main road heading north from Napier's CBD and is close to other big box retailers such as the newly opened Mitre 10 Mega.

The Napier City Council has already earmarked another potential retail site close by and they will complement each other well, Minor added.

PGG Wrightson has a long history with the site, which was opened in 1955 and has had many uses but predominantly used for Wool storage. It has also been used for exhibitions.

Father's Day SOON! Crazy Deals on ALL IRG Yearbooks - More than 50% OFF - $19.99 for 44th IRG Yearbook 2018-2019

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar rises after Orr talks up the economy
Comvita posts $27.7m net loss on goodwill write-downs
Buyers emerge for Denton Morrell client book
WEL reviewing capital structure of fibre business
Cavalier announces strategic collaboration with NZ Merino Company
Delegat continues to invest after record year
Kiwibank's annual profit eases as fee income drops
TIL lifts operating earnings, watching for slowdown
Vector profit slides 44% on struggling HRV writedown
Steel & Tube returns to the black but says margins are squeezed

IRG See IRG research reports