Turners & Growers Whakatῡ Investment Sale $80m

Registered ValuersRegistered Property ConsultantsLINZ 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 Whakat Road sold with a 15-year triple net lease.  The investment sale to Property for Industry Ltd (PFI) reflects a 4.4% yield.

T&G Photo

Contact us for more T&G property information.  See also NZH | Hawke’s Bay Today story.

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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