A preference for logistics facilities in central city locations is a growing trend in developed industrial markets all around the world.
Companies are critically reviewing their real estate requirements and positioning their businesses close to consumers. It simplifies supply chains and creates efficiencies that leverage the growth in online retailing.
GMT’s portfolio is strategically located across Auckland. It includes estates in the established industrial suburbs of East Tāmaki, Māngere, Mt Roskill, Mt Wellington, Ōtāhuhu, Penrose and Wiri. Each estate provides customers with specific benefits unique to that location, examples of these include;
- Direct motorway access
- Proximity to the airport or port
- Inland port facilities
- Rail sidings
Every one of the Trust’s 11 estates is central to Auckland’s large population base. Geo-spatial analysis shows that the consumer catchment, within a 20-minute delivery radius of any of these estates, has an average $24.5 billion of annual purchasing power.
With few development sites remaining in the portfolio and limited greenfield land opportunities in Auckland, the investment focus has broadened to include assets in these in-fill locations.