Design Build Lease is fast becoming a commercial methodology accepted by national and international businesses to meet their ever-expanding accommodation requirements in Hamilton. With very low interest rates and therefore competitive rental rates business operators are able to complete large and innovative accommodation expansions whilst keeping their capital dry for working capital or day to day funding requirements of the business where returns are far greater. This has not been any more prevalent than at Te Rapa Gateway Industrial Park at the northern end of Hamilton.
Te Rapa Gateway Limited led by David Chafer have been successful in completing design build lease options for New Zealand Windows, also have tenancies with Metro Glass, Prochem in large format warehousing and are now about to commence new buildings for IAG-Repair Hub and Steel & Tube, both being constructed on corner sites of Chalmers Road/Chafer Place, at Te Rapa Gateway. “By carefully listening to the client’s requirements and offering building design solutions specific to meet the client’s requirements we have been able to offer competitive accommodation options” says Chafer, General Manager of Te Rapa Gateway Limited. In both cases the clients had specific requirements to create areas for customers interface yet keep their working and warehousing areas separate, also to allow easy drive-thru and around access for vehicles onsite, these have been met he said.
Industrial vacancy in Hamilton is very low running at around one percent says Theo de Leeuw industrial agent of NAI Harcourts Hamilton. The requirement for industrial space has never been more than now he says, whether it is to meet expanding requirements of third-party logistics, or to provide specialist services as is the case with the new IAG-Repair Hub or to create a new client interface and distribution centre as is the case with Steel & Tube.
Design Build Lease is not just limited in size, options have been created from around 1500sqm and larger. Te Rapa Gateway have available over twelve hectares of industrial sections all with good vehicle access and in close proximity to the interchange points for the Waikato Expressway for north or south bound traffic. Also close by are main arterial routes into Hamilton’s CBD, The Base Retail Centre and Hamilton City’s new Park & Ride facility linking Hamilton to Auckland utilising the commuter rail-link, the later service commencing in April 2021. Te Rapa Gateway forms part of a master plan and growth strategy by Hamilton City Council referred to as the Rotokauri Growth cell which not only includes land for the ever-expanding industrial needs of the city but also offering up residential expansion to the west for some 3000 houses, bringing workers for businesses at Te Rapa Gateway close by.
In addition to the benefits of location of Te Rapa Gateway to other key City facilities and services “design and construction are specific to meet client specialist needs” says Chafer and include high speed fibre internet, high stud warehousing up to 9m or more, three phase power, office accommodation to a high standard, on-site carpark and truck manoeuvring areas.