New Zealand's First Fully Automated Warehouse

Projected Gross Return



Cardinal Logistics Limited

Lease Term

30 Years

Loan to Value Ratio (LVR)


Freehold Site Area


Rental Growth

Annual Fixed

Targeted Practical Completion

December 2025

Spaces are limited. Please email our investment team for further information or phone (+64) 3 450 9540.

Industrial property has been the darling of commercial property investors in recent times, and the second half of 2023 was no different. The rapid growth of the e-commerce sector has amplified the demand for warehouse space in central locations that offer immediate access to consumers.

According to JLL, the Auckland South market still outperforms the rest of Auckland industrial, with net prime rents increasing 15.3% year-on-year. The industrial sector's competitiveness continues due to consistent occupier demand exceeding new available stock due to higher construction costs and softening yields. These factors indicate the ongoing strength in the market for well-located, quality stock. (Source: JLL Industrial Market Snapshot, November 2023).

Secure a slice of a star performer with a holding in Cardinal Logistics' brand-new automated Drury warehouse. 

Be part of a state-of-the-art, brand-new, automated logistics facility with a 29m stud height located in the new master-planned zone of Drury South Crossing, Auckland. The facility will be occupied by New Zealand’s largest privately owned logistic company, Cardinal Logistics, on a 30-year initial lease term. 

View the Cardinal Logistics Drury information video here.

Cardinal Logistics provides multiple services to customers, including transport, container storage, freight forwarding, and third-party logistics. This scope maximises Cardinal's operational capability and provides a superior experience for some of the country’s largest produce, goods, and materials suppliers. 

Cardinal was started in 1992 and now employs 500 staff across twelve operational sites. Two of these sites are currently owned by Mackersy Property syndicates (Waterloo Park, Christchurch & Tidal Road, Auckland), and we are proud to again align with Cardinal on powering their continued expansion in the logistics market.

Please email our investment team for further information or phone (+64) 3 450 9540.

This investment is open only to Wholesale Investors under the Financial Markets Conduct Act 2013. Read more information on qualifying as a Wholesale Investor here or contact us to discuss your circumstances. 
Cardinal Drury South 2 Project Scope 15 Dec22 2