Registered Valuers. Registered Property Consultants. LINZ Accredited. Hawke’s Bay-based premium quality valuation and creative property strategy©. Leading +$0.5b acquisitions-disposals NZ-wide for 23 years. Valuation litigation and commercial property specialists. Development and public land specialists. Property economy analysts and commentators – for Press.
Turners & Growers site at 22 Whakatῡ Road
Hawke’s Bay commercial-industrial property values continue to show strong growth. Yields have trended down to all-time lows and therefore coinciding are higher asset values. Land values including industrial were tracking upwards in 2018-19 and since COVID have firmed further.
The October $79.5m sale-and-leaseback of the T&G post-harvest operations 9.6 hectare property at 22 Whakatῡ Road sold with a 15-year triple net lease. The investment sale to Property for Industry Ltd (PFI) reflects a 4.4% yield.
The T&G property is situated nearby the now deferred proposed inland port 12.1 hectare landholding. Turley & Co acquired 8.1 hectares for Napier Port per News Post.
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