INDEPENDENT NEWS

New Dunedin harbour premises for Steel & Tube

Published: Mon 29 Feb 2016 10:47 AM
New Dunedin harbour premises for Steel & Tube
Steel & Tube, the country’s leading provider of steel solutions, will relocate its Dunedin distribution and processing operations into new purpose built $9.45 million warehousing and office space by the end of 2016.
Developed by Port Otago’s property subsidiary Chalmers Properties Limited and built by Calder Stewart Construction, the 4,650 m² building will be located on an 8,000 m² site at 197 Fryatt Street, also abutting 22 Jutland Street in the Dunedin harbour precinct.
Demolition on the existing warehouse buildings on the site – formerly occupied by Northern Transport and CRT Seeds – is scheduled to start this week.
David Chafer, Chalmers Properties General Manager said the brownfield development was one of the city’s bigger industrial developments in recent history. “The development, which uses Steel & Tube materials including steel cladding and structural support throughout, will comprise warehousing, office space and a trade shop. The foundation has been reinforced to cater for the required floor loading and Steel & Tube will be operating multiple gantry cranes in the warehouse. The site will be fully landscaped and the building itself features full LED lighting throughout for energy saving.
“Steel & Tube were very specific with their requirements so we were delighted to be able to come up with a development and a long term lease that suited both our needs.”
Dave Taylor, CEO of Steel & Tube said, “the new premises tick all the boxes around size, spec and location, allowing us to serve our customers from one operation while gearing for future expansion of our South Island business.”
It’s the second design/build/lease development that Chalmers Properties has undertaken in Dunedin following the $4 million CHEP development on Sturdee Street in December 2014. Both developments will be retained in Chalmers Properties’ $280 million investment portfolio.
Mr Chafer said there were some promising signs for industrial redevelopments in the harbour precinct. “We continue to receive enquiry from national businesses for new modern industrial premises both in Dunedin and further afield. For example we are fielding a significant number of development enquiries for our 60ha industrial business park 'Te Rapa Gateway' in Hamilton and expect to secure design/build/lease commitment in 2016.
“The Auckland market is equally buoyant with solid leasing enquiry and firming yields. Chalmers Properties has recently completed redevelopment of the Ronwood Centre in Manukau, investing a further $4.5 million to build three new retail buildings and signing up new customers Anytime Fitness, Melba Cafe and Dialled Indoor Trampoline Park to this large bulk retail centre.”
ENDS

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