Def. Industrial includes warehouses, factories, depots and business parks.
Despite the turbulence of Delta, Viranda has been busy transacting industrial property deals and our team continues to witness cautious optimism from our existing clients and the wider market, with an attitude of “we’ve been here before… let’s crack on.”
The industrial sector seems to weather any storm the pandemic unfolds and still come out a winner.
We have been acquiring industrial property despite the shifting restrictions and protection framework and the appetite is coming from all quarters: investors, owner occupiers, and developers. Even with the Reserve Bank increasing Interest Rates recently, it is yet to show any impact on this sector.
The latest lockdowns have further increased the shortage of industrial properties available for purchase or lease and has delayed the completion dates of many new premises. For many investors, the timing is right to seek strategic advice and move quickly to secure quality stock.
While industrial has been the most popular commercial asset class in NZ for some time, with strong price and resultant lower yields, investors are beginning to consider a wider pool of asset sectors to chase yield, and we are always on the lookout for new opportunities.
We recognise that everyone’s situation is unique, but a confidential chat is a great first step. Please call or email us today – we would be delighted to assist.