Industrial Property

Takutai invested in property with Vulcan’s expansion.

This included significant involvement with site selection, design, project management, and development. Takutai’s relationship is over the 25 years and many different scenarios evolved. Today some investments have been sold but we remain in syndicates with other Vulcan shareholders in long term holdings. Currently there are 7 such properties – 2 in Christchurch, 1 Palmerston North, 2 in Auckland, 2 in Brisbane.

Separate to Vulcan Takutai would like to establish a diversified holding of buildings principally in JV’s where we are not the administrator but hold a significant piece. An example is 106 Wrights Rd in Christchurch which is pictured below.