US-based multinational technology company, Garmin, has signed a long-term lease over one of Goodman’s new speculative warehouses being constructed within their Riverside development located in Highbrook, East Tamaki.
The facility at Goodman’s Highbrook Business Park will be fully operational from October 2022 and features 3,586 sqm of warehouse space and 400 sqm of corporate office space.
Founded in 1989 and headquartered in Olathe, Kansas, USA, Garmin boasts more than 17,000 employees across 80 offices worldwide and its GPS and wearable technology products are sold all over the world.
With strong demand for lifestyle and fitness products throughout the pandemic, in March Garmin reported strong growth across several of its core markets, most notably the outdoor business unit which grew 50%.
Matthew Thomas, Managing Director at Garmin Australasia says, “We’ve been on a very steep growth trajectory since the pandemic prompted a technology-driven fitness revolution and people around the world found creative and safe ways to keep moving. By expanding our footprint in New Zealand, this new facility at Goodman’s Highbrook Business Park will allow us to focus on continuing to meet the growing demand for our products and services throughout the country. Our staff have been a key consideration in choice of location and we looked to provide a more comfortable and pleasant workplace as well as proximity to amenities such as food and shopping.”
Garmin partnered with business transformation consultancy TMX on procuring this site.
“The industrial property market is highly competitive at the moment. Partnering with TMX to help us gave us great confidence and enabled us to secure a location which fulfilled all of our requirements, especially our desire to secure a site which is being built to achieve a high Green Star rating,” says Thomas.
The Distribution Centre at Goodman’s Highbrook Business Park will serve as Garmin’s online fulfilment centre as well as service its traditional bricks and mortar retail partners in New Zealand. The carbon neutral development is being constructed to achieve a 5-Star Green Star certification and will include EV charging stations and solar panels, and energy-efficient design features including automated LED lighting.
Sam Smith, Director of Property TMX says, “We’re delighted to have secured this new facility for Garmin at Highbrook Business Park to support the leading tech manufacturer’s growth and expansion plans in New Zealand. We are also pleased to have been able to secure a site which has a range of green initiatives incorporated into the build and which aligns with Garmin’s environmental commitments”.
“As the uptake of outdoor activities and the fitness craze continues, Garmin is well-placed to meet growing consumer demand and improve speed to market by fulfilling both e-commerce and instore orders from this world-class distribution centre in Highbrook.”
Home to many multinational occupiers such as Fisher & Paykel Healthcare, Office Max and DHL as well as NZ Post , Highbrook Business Park is located in Auckland’s highly desirable East Tamaki area and features warehousing and distribution facilities, commercial offices, cool stores, light manufacturing businesses, showroom warehouses, short stay accommodation, hospitality options and convenience retail stores.
With close proximity to the motorway and convenient and efficient access to Auckland’s road, rail and port network as well as future public transport connectivity, Highbrook Business Park is strategically located just off SH1 and only 16km from Auckland International Airport and 18km from the Auckland CBD.
Garmin news was published in a number of NZ media, including CFOtech New Zealand, click here to read the story