Development Site Tour

2
TIMEACTIVITY
10.00amBus departs from PFI office
Level 4, 15 Galway Street, Britomart
10.30amSprings Road development viewing
11.00am Travel to Mt Wellington
11.15amBowden Road development viewing
11.45amDepart back to CBD
12.10pmArrive back at PFI office
Auckland CBD
Mount
Wellington
78 Springs Road
East
Tamaki
30-32 Bowden Road

LOCATION BENEFITS:
▪Corner site in the prime industrial precinct of
East Tamaki
▪Excellent access to the Southern Motorway
network
▪Good public transport links with bus stop
directly in front of the property

OVERVIEW:
▪PFI to develop a 25,500 sqm warehouse for
existing tenant Fisher & Paykel Appliances,
with an option to expand the warehouse to
30,000 sqm
▪Stage 1 of the project has an estimated total
incremental cost of ~$76 million, contract
pricing shows signs of construction costs
easing
▪The facility will target a Five Green Star rating,
estimated completion Q1 2025
▪PFI continuing to work through configuration of
future stages, ~5.3 hectares of available land
78 SPRINGS ROAD, EAST TAMAKI

LOCATION BENEFITS:
▪Located in premier Mt Wellington
industrial precinct
▪Excellent state highway transport links
▪Close proximity to Sylvia Park town centre
and train station

30-32 BOWDEN ROAD, MT WELLINGTON
OVERVIEW:
▪~40% of development pre-leased to Tokyo
Food for a lease term of 12-years, balance of
site being developed on a speculative basis,
estimated completion Q3 2024
▪Estimated project cost unchanged at ~$65
million
▪Both buildings will target a Five Green Star
rating, creating PFI’s first fully Green Star rated
industrial estate, with close to 24,000 sqm of
covered workable area once complete

STAGE 1 – TOKYO FOODSTAGE 2 – SPECULATIVE BUILD

LOTS B2 & B3, SPEDDING ROAD
OVERVIEW:
▪Conditional contract to acquire ~5.8 hectares
of land within the proposed industrial
subdivision at Spedding Road, located at the
end of the Northwestern Motorway in Auckland
▪Purchase of the lots for $40.565 million, paid
for over two years from titles being received
and works being complete, expected mid-2025
▪Site coverage of around 70% can be achieved,
all buildings will be designed and developed to
achieve a minimum of 5 Green Star ratings

Use of engineered wood products (to meet best practice
formaldehyde limits – target 95% compliance), FSC timber
products and recycled products where available
Cleaning and future irrigation systems to reduce natural
resource consumption
Low flow water fixtures throughout the buildings
Solar Installation and future proofing roof structure for potential
panel increases
30% reduction in peak electricity demand
1
Reduction in ‘Up-front’ and ‘Whole-of-life’ carbon
1
(within our
control)
Dedicated parking for fuel efficient and electric vehicles (with
charging infrastructure)
1
Compared to standard industrial reference building