New Zealand's First Fully Automated Warehouse. LAST UNITS!

Projected Gross Return

6.00%

Tenant

Cardinal Logistics Limited

Lease Term

38 Years

Loan to Value Ratio (LVR)

50%

Freehold Site Area

22,437m2

Rental Growth

Annual Fixed

Targeted Practical Completion

April 2025

Last units available! Please email our investment team for further information invest@mackersyproperty.co.nz or phone (+64) 3 450 9540.



Astute long-term investors are invited to secure a slice of a star performer with a holding in Cardinal Logistics' brand-new fully-automated logistics warehouse in Drury, Auckland.

Industrial property has been the darling of the New Zealand commercial property market of late, driven in part by the rise of e-commerce online sales fuelling the increased need for warehousing and logistics fulfilment spaces. At the end of 2024, industrial property began to show the signs of the turnaround that investors have been looking for as the market looks to get back on track for 2025. 

According to JLL, the Auckland South market still outperforms the rest of Auckland industrial, with net prime rents increasing year-on-year. The industrial sector's competitiveness continues due to consistent occupier demand exceeding new available stock due to higher construction costs and softening yields.

Be part of a state-of-the-art, brand-new logistics facility with a 29m stud height located in the new master-planned zone of Drury South Crossing, Auckland. The facility will be occupied by New Zealand’s largest privately owned logistic company, Cardinal Logistics, on a 38-year initial lease term with fixed growth of 5% in years 1-5 and 3% thereafter. 

View the Cardinal Logistics Drury information video here.

Cardinal Logistics provides multiple services to customers, including transport, container storage, freight forwarding, and third-party logistics. This scope maximises Cardinal's operational capability and provides a superior experience for some of the country’s largest produce, goods, and materials suppliers. 

Cardinal was started in 1992 and now employs 500 staff across twelve operational sites. Two of these sites are currently owned by Mackersy Property syndicates (Waterloo Park, Christchurch & Tidal Road, Auckland), and we are proud to again align with Cardinal on powering their continued expansion in the logistics market.

Please email our investment team for further information invest@mackersyproperty.co.nz or phone (+64) 3 450 9540.




This investment is open only to Wholesale Investors under the Financial Markets Conduct Act 2013. Read more information on qualifying as a Wholesale Investor here or contact us to discuss your circumstances. 
Cardinal Drury South 2 Project Scope 15 Dec22 2