Property For Industry Limited (PFI)

We are thrilled to announce the practical completion of Stage 1 of our 78 Springs Road Development.   This milestone marks the delivery of a state-of-the-art, custom-built 25,500 sqm warehouse for our long-term tenant, Fisher & Paykel Appliances. Practical Completion was achieved on 31 October 2024, an impressive 12 weeks ahead of schedule, with Fisher & Paykel Appliances moving into their new distribution centre the very next day. The development is being carried out in three stages, with Stage 2 set to commence in January 2025. Approximately 6,500 sqm of Stage 2 is already pre-leased to MiTek, and we are currently accepting expressions of interest for the remainder of Stage 2 and Stage 3. The entire development, spanning a high-profile 10.4-hectare corner site with extensive road frontages to Springs Road and Kerwyn Avenue, is targeting a 5 Green Star design and as-built rating.   A huge thank you to all the key suppliers involved in stage 1 of this project. Your dedication and hard work have been instrumental in achieving our success so far. Haydn & Rollett, T PLUS ARCHITECTS LTD., Barnes Beagley Doherr Ltd, MSC Consulting - Structural & Civil Engineers, McKenzie & Co. Consultants Ltd, ENGEO, SEEC, Beca, Thurston Consulting Ltd, I&L, ECS NZ, Protech Design Limited, Rapidfire | Fire Engineering, Planning Focus, TEAM

We are excited to share this NZ Herald article by Anne Gibson highlighting the progress of our stage 1 development at 78 Springs Road. It's great to see sustainable developments being recognised. Check out the article for more details on this project. https://lnkd.in/gd4qPCda

Last week, PFI hosted a development site tour for some of our analysts and institutional investors. The visit included a tour of our Bowden and Springs projects, where three significant buildings have or will soon reach completion. Ewan Cameron, Craig Peirce, and Simon Woodhams shared valuable insights and updates, highlighting the significant advancements we have made. It was fantastic to see the enthusiasm and interest from our visitors as they witnessed the tangible progress on-site. These tours are a valuable opportunity to engage directly with some of our stakeholders and showcase these major developments. Thank you to everyone who attended and contributed to making this event a success. Please follow this link to view a copy of the full presentation: https://lnkd.in/g8V93H5p #development #nzx #investor #analysts

Our team looks forward to our annual Diwali lunch each year. It's a wonderful opportunity for us to come together, dress up, enjoy delicious food, and celebrate an event that holds special significance for many of our colleagues, both past and present. Wishing everyone a Happy Diwali! #diwali #team #connection  

We are thrilled to have celebrated our company's 30th birthday with such an incredible turnout. A heartfelt thank you to everyone who joined us to mark this significant milestone, especially those who have been our partners since the early days. It's truly inspiring to witness the strong relationships that have been forged over the years, all of which contribute to our company's ongoing success. Here's to celebrating many more years of growth and achievement together! #30Years #IndustrialProperty #Birthday

Over the last fortnight, our team had the privilege of participating in two volunteer days with Fair Food NZ, an organisation dedicated to reducing food waste and fighting food insecurity in our community.   During our time there, we assisted their team to sort and package surplus food donated by local supermarkets, ensuring it reaches those who need it most. It was a rewarding experience that highlighted the importance of collaboration and giving back.   Fair Food is doing incredible work by rescuing food that would otherwise go to waste and redistributing it to local charities and families. Their mission not only helps reduce waste but also promotes a more sustainable food system for all.   We're proud to support their efforts and encourage others to get involved. Together, we can make a meaningful difference in our community!   If you or your team is interested in assisting with this charity, check out the details on their website: https://lnkd.in/dxE8jkdZ   #FairFood #Community #Sustainability

Last week PFI’s CFO/COO Craig Peirce sat on a panel alongside other leaders from some of New Zealand’s climate reporting entities to share insights following the first year of mandatory climate-related disclosures.   “It was great to be part of the discussion on climate-related disclosures at Chapman Tripp’s event last week. Engaging with industry leaders on the insights and emerging themes from year one was invaluable. We're looking forward to what’s ahead as we adapt to the evolving landscape.” – Craig Peirce To read our FP24 Sustainability Update and Climate-Related Disclosures report, head to the sustainability page on our website: https://lnkd.in/gyrcDkUN #ClimaterelatedDisclosure #sustainability

We had a fantastic time hosting the talented property students from Keystone New Zealand Property Education Trust at our Springs Road development. It was inspiring to see their enthusiasm for the industry.   We're proud to have sponsored Keystone Trust for several years and love engaging with the next generation of property professionals.   Here’s to building the future together!   #property #nextgeneration #development

PFI is pleased to have released our FP24 Sustainability Update and Climate-Related Disclosures report. We are excited to share the progress that we have made in delivering toward the first stage of our Sustainability Strategy in our FP24 Sustainability Update. This includes: - Being awarded a 5 Star Green Star Design & As Built NZv1.0 Design rating for our first building at Stage 1 at Bowden Road, leased to Tokyo Food; - Progressing construction on two further buildings at Stage 2 at Bowden Road and Stage 1 at Springs Road, targeting 5 Green Star certification; - Achieving our target of installing solar panels at five buildings by the end of 2025 ahead of time, helping our tenants to move to renewable energy; and - Achieving our target of installing power metering and monitoring at 50% of our properties by the end of 2025, with 63% of properties in our portfolio now with metering installed. This will help us and our tenants to better understand and manage the energy use of the buildings at those sites. The report also includes PFI’s second mandatory Climate-Related Disclosures report, which shares the progress PFI continues to make in improving our understanding of, and response to, our climate-related risks and opportunities. To read the full report and find out more about our sustainability strategy and goals, please visit our website https://lnkd.in/gyrcDkUN  

We’re thrilled to announce that Sarah Beale, PFI’s Head of Sustainability and Operations, will be one of four expert speakers on the New Zealand Real Estate panel at the upcoming Responsible Investment Association Australasia (RIAA) Conference. This conference is the largest event for sustainable business and responsible investment in Aotearoa! On 19 September, Sarah will join her fellow panellists Peter Mence (CEO, Argosy Property Limited), Lisa Hinde (Head of Sustainability, Precinct Properties) and Andy Eakin (CFO, Goodman NZ) to explore key questions about how to build a sustainable future in New Zealand real estate. Join us at the Aotea Centre next Thursday to gain valuable knowledge, connect with industry professionals, and be part of the conversation shaping a sustainable future. #sustainability #responsibleinvestment #property