Kiwi Property Group Ltd has acquired 43 Carbine Rd – across the railway tracks from the Sylvia Park shopping centre in Mt Wellington – for $25 million.
The 22,086m² site has warehousing & yard facilities, is opposite the Sylvia Park train station and is zoned mixed use under the Auckland unitary plan. Kiwi Property bought it with vacant possession.
Chief executive Clive Mackenzie said yesterday it had potential linkages to the shopping centre: “While we have no immediate plans for the site beyond leasing the existing premises to make use of the warehousing & yard facilities on site, this acquisition will provide future mixed-use opportunities at Sylvia Park.”
9 October 2017: Kiwi acquires more expansion land at Sylvia Park
Attribution: Company release.