Jasper acquires high-profile North Shore asset
Jasper, a technology-led fund manager, has completed the purchase of 37-41 Poland Road and 20 Hillside Road, Wairau Valley. The acquisition is the latest addition to its new industrial fund targeting Value-Add logistics and industrial investments within the greater Auckland area.
Wairau Valley is a highly regarded and tightly held industrial locality close to the Auckland CBD. The asset comprises two levels of warehousing, extensive yard space and quality office accommodation.
Simon Felton, Head of Acquisitions at Jasper, commented: “Wairau Valley is attractive because it’s surrounded by an affluent demographic catchment. The fundamentals of the location position it towards trade retail and last mile logistics users - both considered premium tenants in a Light Industry Zoned area.”