Archive for August, 2012

Anchor tenant announced for new business park at Hawkes Bay Airport

ABB, an international technology company that purchased Napier company Vectek Electrics four years ago, has been announced as the first tenant for a new business park being built adjacent to the Hawkes Bay Airport. The company employs 150 people at its current site in Onekawa, all of who will move into the new building. Infrastructure works are now commencing on site and ABB hope to move into the new building at the end of March 2013.

The business park is planned to cover 20ha of land when it is fully developed.

August 9, 2012 at 12:21 pm

“Growing trend of occupiers vacating earthquake prone buildings”

APN New Zealand announced on 31 July 2012 that the newspapers office which publishes local paper Hawkes Bay Today is to relocate from its existing premises in Karamu Road North, Hastings. The existing building which is stated as being in excess of the 34 per cent seismic performance score is not regarded as safe enough for the newspapers staff. They will move in March 2013 to 301 Heretaunga Street East, even though their existing lease does not expire until 2015. This building is undergoing refurbishment and will meet 100% of the current building code.
The move follows close on the heels of the NZ Post move from their building on the corner of Hastings and Dickens Street in Napier for similar reasons. NZ Post are now located in a building that is 100% compliant to the current building code, which is at Napier Central in Wellesley Road, adjacent to occupiers No 1 Shoe Warehouse and Bond & Bond. They have taken a two year lease while strengthening works are undertaken on their Hastings Street office.
This trend of occupiers deciding to vacate high seismic risk properties is likely to grow. Tremains have also decided to vacate their Taradale office on Puketapu Road for this reason. This building will be demolished and Tremains will re-occupy part of the new property.”

August 3, 2012 at 2:15 pm


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