Lease of 439 East Tamaki Road Warehouse to O-I New Zealand

Trust Management is pleased to announce the leasing of 439 East Tamaki Road Warehouse to ACI Operations NZ Limited trading as O-I New Zealand.  O-I Group is one of the world’s largest glass container manufacturers.  This is another quality tenant secured within the property portfolio.

The current lease to Cottonsoft expires on 30 June 2018 and the new lease with ACI will commence 1 July 2018.  The term is for an initial term of 2 years with a right of renewal for a further 2 years. ACI will be using the warehouse for storage and distribution of their product while its New Zealand manufacturing facility remains based in Penrose.

ACI are leasing the warehouse and a portion of the office space at the property.  While an area of office space is not being leased by ACI, the tenant is paying premium rental to subsidise the rental on the vacant area.

Contacts

Patrick O'Reilly

General Manager Property

09 550 4056

 

 

 

 

Shane Coward

General Manager

09 550 4045

 

 

 

 

 

 

Grant Hope

Chief Executive Officer

09 550 4044

Under the Financial Markets Conduct Act this communication may be deemed to be an advertisement for an offer of units. Trust Investments Management Limited is the issuer of the units to be issued under the offer to which this advertisement relates. A product disclosure statement for the offer, which sets out the terms and conditions of the offer, is available, and can be obtained at www.trustmanagement.co.nz/investment-products.

© 2019 Trust Investments Management Limited