Jasper acquires high-profile industrial asset on Rosebank Rd
Jasper, a technology-led fund manager, has completed the purchase of 560 Rosebank Road, Avondale. The acquisition is the latest addition to its new industrial fund targeting Value-Add logistics and industrial investments within the greater Auckland area.
Rosebank Road is a tightly held, high-performing industrial locality close to the Auckland CBD and has excellent motorway connectivity to Auckland Airport. The asset comprises generic large-format sprinklered warehousing with quality office space in a scarce heavy industry zone.
Mark Campbell, Chief Investment Officer at Jasper, commented: “There is a shortage of Heavy Industry zoning in Auckland. Properties with this feature, in premium locations, are very tightly held. This property’s broader fundamentals are attractive, and we’re pleased to secure it into our growing portfolio.”