Prime Airport Precinct Asset Cleared for Takeoff

A near-new A-grade industrial facility in one of Auckland’s most coveted logistics precincts is for sale, offering private investors the opportunity to secure an institutional-grade asset normally the domain of large build‑to‑lease funds or listed entities.

The standalone, container‑friendly distribution centre at 295 Landing Drive, Māngere

within the Airport industrial estate comprises approximately 3,000sqm of high‑stud warehousing with supporting office space on a 6,284sqm secure landholding.

Delivering the scale, efficiency and operational ratios modern logistics operators require, the facility incorporates a substantial all-weather breezeway of approximately 1,400sqm, with true drive-through functionality for devanning and dispatch. This configuration supports uninterrupted 24/7 operations regardless of weather conditions and underpins the fast‑turnaround freight movement demanded by today’s supply chains.

The property is leased to VEER Transport Limited, an established logistics provider, returning a net annual income of $775,000 plus GST. The lease which commenced July 2025 provides a defined term with renewal options and a market review mechanism, offering investors both secure holding income and future rental growth potential.

The deadline private treaty campaign closing Thursday 30 July, unless sold prior, is being run by Paul Steele and Greg Hall of Bayleys South Auckland.

With Business – Light Industry zoning and immediate proximity to State Highway 20 and Auckland Airport, the site sits within one of New Zealand’s most strategically important freight corridors. Steele says facilities like this are typically developed and retained by major institutional landlords who build to lease and hold long‑term.

“It’s unusual to see a standalone, full-tilt slab industrial asset in a core logistics location come to market, and the property’s design reflects the realities of operating in an island nation reliant on containerised freight.

“New Zealand’s supply chain depends on efficient movement of goods in and out of containers, so occupiers with scale place real value on sites that genuinely support that workflow. The drive‑through breezeway, the high-stud warehousing, and the yard configuration all work together to keep freight moving.”

The Auckland Airport precinct continues to outperform other industrial hubs, driven by its unrivalled connectivity and enduring occupier demand.

“As one of New Zealand’s most critical logistics locations, the Airport precinct gives operators faster delivery windows, direct motorway access and immediate proximity to the country’s primary gateway for containerised freight,” says Steele.

“Those fundamentals continue to drive strong occupier demand and underpin the performance of assets in this area, and there’s very little vacancy which supports rental values.”

Driven by structural demand from logistics, e-commerce, transport and trade-related occupiers, Auckland’s prime industrial market remains highly competitive. Limited land supply, construction costs, and the scarcity of modern standalone facilities have intensified demand for high-quality assets, particularly those with genuine container-handling capability.

“When a standalone asset of this calibre becomes available, enquiry follows quickly because buyers understand how rarely they come to market,” says Steele.