scoop.co.nz 23 Mar, 2021 05:30 am

Cool Investment Opportunity In Hawke’s Bay

Cool Investment Opportunity In Hawke’s Bay
1A Kirkwood Road - hero. A comprehensive cold store complex with scale and leased long-term to the world’s number one cold store supply chain company, is for sale in Hawke’s Bay with the property’s fundamentals underpinned by an active regional ...

It is fully-tenanted by Lineage Logistics New Zealand Limited, the company which last year acquired the Emergent Cold business operations throughout New Zealand.Lineage Logistics New Zealand Limited is a wholly-owned subsidiary of United States-based Lineage Logistics LLC, the largest cold store supply chain company in the world.The acquisition of Emergent Cold’s operations around New Zealand greatly expanded Lineage’s Asia -Pacific footprint in the cold storage market.Vavasour said there is an identified shortage of cold store space globally and in New Zealand, and, as a defensive asset class, it’s very much in demand.

“Hawke’s Bay is dubbed ‘the fruit bowl of New Zealand’ and when the inherent quality of Heretaunga Plains’ land is combined with high sunshine hours and enviable artesian water supplies, it’s easy to see why the region is one of the most productive in the country.The property’s primary sector-related neighbours include Bostock New Zealand, Sacred Hill Winery, McCain Foods NZ Limited, Wineworks, and Profruit Limited.

Read full story at scoop.co.nz