-Press release
Tuesday 17th July 2007 |
Text too small? |
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.
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes