‘Inspiring’ work spaces the focus
By creating an environment where it’s fun to go to work, Waterloo Business Park is fast becoming established in the Christchurch market as a great place to do business.
The park’s refreshing approach, which combines functionality, natural aesthetics and high amenity, is bringing exciting results for the forward focussed development.
From the outset, the goal has been to create an inspiring work environment that includes accessible green spaces, recreational opportunities and convenience retail, along with quality childcare and social services.
Work and play are seamlessly combined and this integrated approach is generating plenty of interest. The development has seen a flurry of activity over recent months.
Hanham & Philp have opened at 481 Waterloo Road and Caffe 1808 is now open from 7am daily at 23 Islington Avenue.
Cardinal Freight has completed a 12,000m² freight and logistics facility, while over the road Orion is developing a purpose built facility for their subsidiary Connetics Ltd.
Construction of Sorted Logistics’ extensive design-build facility is well underway with the second stage on track for completion by the end of May.
Other developments under construction include the Harvey Norman distribution facility and Mike Greer commercial units.
Christchurch Property Project is also developing units, while facilities for O’Neill Rentals, the Blackburn Trust and Vulcan Steel are under construction.
There are currently 13 developments underway at this popular business park.
“A further two are expected to commence site works over the short term so there’s a real sense of activity out here at Waterloo!” development manager Hamish Clarke says. To date 62 sites have sold, equivalent to 77 per cent of land released for sale so far.
Planned as a community, the 114 hectare development has ample capacity to cater to a wide range of sectors and scales.
Six stages are being carefully managed to create a cohesive masterplan, with lot sizes ranging from 2000sqm to 45,000sqm.
The scale of the park is impressive, encompassing a $30m investment in state of the art infrastructure and $400m in construction over a five to seven year period.
There are easy transport links to the Port of Lyttelton, Christchurch Airport, the CBD and Hornby Hub.
The New Zealand Transport Agency (NZTA) sponsored realignment of Pound Road through to Main South Road is progressing well and is due for completion by the end of the year.
The project, designed to improve transport links between Pound Road and SH1, includes a new road through Waterloo Business Park with traffic lights at key intersections, shared cycle and pedestrian lands and a new railway crossing.
Good progress is being made with the city council and KiwiRail in relation to the Halswell Junction Road realignment, with works expected to commence in 12 months.
There are few lots remaining in the park’s first stage (Pound Road, Southern Precinct).
Sweeping lawns and attractive street frontages define this benchmark area of just over 21 hectares with a strong warehousing and industrial focus.
Stage Two (Pound Road, Northern Precinct) sits within landscaped surrounds and is well-placed as a warehousing, distribution and production hub.
Entered from Pound Road, generous wide avenues planted in grove trees set the tone.
Many of the Stage Two lots, ranging from smaller sites to larger lots, have also sold.
In December, the Waterloo team celebrated the official opening of a new pocket park that demonstrates the higher level of amenity coming on stream.
High visibility and connectivity marks out Stage
Three (Halswell Junction Road and Entryways) as a desirable location, while part of Stage Four comprises land adjoining the park’s central hub, earmarked for smaller sites including offices, showrooms, cafes, restaurants, and local services and large landscaped spaces.
Islington Square is another exciting area where the plan is to restore parts of the old freezing works and create a character hub that will pull together retail, showroom spaces, cafes and restaurants that will adjoin the two hectare central park, Islington Green.
Islington Square is being developed by one of Waterloo’s joint venture partners, Southpark Corporation, which is currently working through their staging strategy for the development. Islington Green will be developed as part of Stage 5 works.
“So by the middle of the year, this iconic, unprecedented greenspace within a business park environment will be substantially complete.”
Titles for Stage 5, comprising 6.3 hectares, are programmed for release in August 2017, while titles for Stage 6, 6.9 hectares, are due for release in the final quarter of the year.
Waterloo Business Park has made it easy for those wanting to get on board with the options to design and build, lease or own/invest.
The park is a joint venture partnership between John Sax’s Southpark Corporation Ltd, Inky Tulloch and Paul Johnstone’s Stewart Transport Ltd.
All three directors have a strong track record across New Zealand.
Southpark Corporation is a specialist in commercial, industrial and residential property development and management.