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Australasian Industrial Second Half 2018

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Research and Forecast Report

Industrial property sector remains the lifeblood of the economy. Technological advances are having positive influences on tenant demand and the next generation of industrial building and the appetite for Australasian industrial property remains elevated and supported by both local institutions and offshore investors.

New Zealand Market Highlights: 

  • The latest quarterly GDP growth rates show a 0.5 percent increase from the last quarter, above many predictions, and indicating a steady economic outlook.
  • Latest results show a record low vacancy, a representation of continued strong tenant demand and a lack of suitable industrial stock.
  • Industrial investor sentiment is slightly subdued this quarter although still strong across all three main centres. 

The latest quarterly GDP growth rate was up by 0.5 percent from the last quarter, above many predictions, and indicating a steady economic outlook. However, business sentiment survey results continue to disappoint with further lacklustre results pointing to slower growth rates in coming quarters.


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Australasian Industrial Second Half 2018

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Related Experts

Greg Goldfinch

National Director | Industrial

Auckland South

Greg specialises in the mid to upper end of the Industrial sale and leasing markets. He joined Colliers International in 2004, coming from a policing background. He quickly established strong relationships within the industrial market and has worked exclusively for the likes of Fisher & Paykel, The Warehouse, Freedom Furniture, Fletchers, NZ Police, NZ Guardian Trust, Goodyear Dunlop NZ Ltd and Mercedes-Benz to name a few.

Greg has been the lead broker on nearly all of the largest transactions in the industrial property market over the last ten years. Greg has completed three of the largest industrial sales ever in the New Zealand market. He is a regular top 10 broker for Colliers across NZ having transacted in excess of $6billion worth of industrial real estate in his time with Colliers.

In 2013, 2019 and 2020 Greg was awarded the Commercial and Industrial Salesperson of the Year Award by the Real Estate Institute of New Zealand and was runner up in 2018. Greg was Colliers International’s top salesperson in New Zealand across all sectors in In 2010, 2013, 2017, 2018, 2019 and 2020.

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Sam Staite

Director of Industrial

Christchurch (Agency)

Sam is one of New Zealand’s top performing brokers and has consistently been No. 1 in the South Island. Sam leads a team of eight successful and highly experienced agents who each have strong market share in their respective niche markets. He has negotiated the majority of the South Island’s largest industrial transactions during the past 13 years and in the past seven years alone has delivered in excess of $1 billion in sales.

Sam works closely with his colleagues across the AU/NZ Colliers network to ensure the Christchurch commercial market and his clients are widely connected. He works with corporate and private clients who benefit from his in-depth knowledge of the industrial sector, his proactive approach and strong business networks.

Recent highlights include the South Island’s largest industrial sale – the $75m Countdown Fresh Distribution Centre, $53.75m transaction of 13 buildings known as Castle Rock Industrial Park, the $40m sale of Hellers HQ, the $39m sale of Goodman’s Glassworks Industrial Park as well as countless sale and leasebacks for entities such as Turners and Growers, Online Distribution and BOC Gas.

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Alan Pracy

Director

Hamilton (Agency & Property Management)

Prior to his move to Colliers, Alan spent 10 years as a broker with Knight Frank and DTZ, culminating in his position as Commercial Manager at DTZ Hamilton. Alan has been involved in retail acquisition and leasing for Briscoes Group, Supercheap Autos, Foodstuffs, No. 1 Shoes, McDonalds, Fonterra, Big Save Furniture, Bunnings and Mitre 10. Much of Alan’s focus has been around both strategic properties and clients. This has encompassed long term development projects, sourcing the land and obtaining anchor tenant commitments. Alan has also worked closely with a number of institutions and high wealth individuals to effectively and confidentially place or acquire significant property assets.

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Tim Julian

Associate Director

Wellington (Agency2)

Tim’s areas of expertise are:

•    Hutt Valley and Industrial sales and leasing

•       Negotiation

•       Development

•       Documentation

•       Analysis

Tim commenced work as a valuer upon graduating in 1983. He worked in a range of management roles with Prudential from 1986 finishing as Associate Director-Property in 1995. Development and Consultancy 1995/1996 and Agency from 1996.

 

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