Jasper acquires asset in the heart of Takanini
Jasper, the technology-led fund manager, has completed the purchase of 52 Spartan Road, Takanini. The acquisition is the latest addition to its industrial fund targeting Value-Add logistics and industrial investments within the greater Auckland area.
52 Spartan Road comprises two large warehouses and substantial ancillary yard areas. The asset offers excellent SH1 motorway access, allowing occupants to easily service both Auckland and Hamilton.
Simon Felton, Head of Acquisitions at Jasper, commented, “Continuing to add to our Heavy Industry Zoned holdings, Spartan Road is another great addition to the fund. We were particularly drawn to the underlying land value in this location. In our opinion, the industrial land rates throughout Takanini are some of the most attractive in Auckland, especially considering the rapid development occurring further south.”