Plenty of Interest in Business Estate, says Manager. By Sue Newman Courtesy of The Ashburton Guardian Economic conditions might have been tough, but that hasn't stymied interest in Ashburton's Business Estate, property manager Andrew Mason says.
“We are confident of securing presales (sales before title issue later this year) well into the millions. We have both owner-occupier and developer interest and we currently have one party developing plans for smaller two-level units that will likely suit the owner-occupier and tenant market,” he said.
A number of out-of-district businesses had also expressed interest in purchasing within the development.
“But, not surprisingly, their plans were placed on hold as a result of the economic slowdown. As the economy recovers we expect that a number of those parties will look to re-establish their interest in the development,” he said.
A little over 45 hectares are available for sale in stage one of the 123-hectare business estate development. In addition approximately eight hectares has been allocated for the relocated rail complex with negotiations progressing favourably towards the proposed relocation.
On Monday, the business community will have an opportunity to give developers of the estate their thoughts on the project.
A focus group seminar will be held in conjunction with Grow Mid Canterbury and this will see a number of local business managers and owners present their ideas and opinions on the development. There will also be an opportunity to look at how businesses involved in their supply chain could benefit from it if they were to relocate locally.
Those involved will tour the estate with project manager Bryan Ching and this will be followed by an update on progress from Canterbury Development Corporation CEO Peter Townsend. There will then be an opportunity for business community feedback.
Business people who would like to be part of the focus groups can join by contacting Mr Mason on 021-346-990.