Precinct North Milestone Reached As First Building Completed Early

Hamilton Airport has marked a major milestone in the
expansion of its business park, with the first building in
Precinct North completed ahead of schedule.

The
5,000sqm purpose-built facility has been developed for New
Zealand-owned Asmuss, which becomes the inaugural tenant in
the newest stage of the 170-hectare Titanium
Park.

Asmuss’ lease begins in May, with operations
at its new pipe extrusion plant likely to be fully underway
by August. Around 40 staff will relocate from the
company’s existing Te Rapa site.

Hamilton
Airport chief executive Mark Morgan said securing Asmuss as
the first tenant set a strong tone for the
precinct.

“Being first off the block in Precinct
North means Asmuss has helped establish a high benchmark for
design — and we intend to maintain that standard,” he
said.

“This was very much a joint project between
the airport company and Asmuss. Having the design and build
project delivered ahead of schedule has set the partnership
up well.”

The Asmuss building incorporates
sustainability features including solar generation and
stormwater harvesting. Morgan said the long-term goal is for
all airport-owned buildings in Precinct North to include
solar.

“Over time, we expect to generate enough
solar energy across the precinct to power the equivalent of
365 homes each day. That’s in addition to our existing
solar farm commissioned in 2023 which already powers the
airport terminal and some ancillary buildings during the
day.”

Precinct North is being marketed
internationally by Colliers, with steady interest reported.
Discussions are underway with four prospective tenants,
including Auckland-based businesses drawn to the site’s
strategic access to road and rail networks and its future
air freight potential.

Civil works across the initial
20-hectare stage are nearing completion, with Cambridge’s
Camex Civil finalising internal roads and infrastructure
this month. Within three months, 13 individual lot titles
— ranging from 2,000sqm to seven hectares — are expected
to be issued.

Hamilton Airport’s property arm,
Titanium Park Ltd, is developing Precinct North in stages
over the next six to seven years. While some lots will be
sold, others will be retained and developed, likely using a
design-and-build model similar to the Asmuss
project.

Investment in Precinct North is expected to
approach $2 billion over the next 15 to 20
years.

Morgan said that while aeronautical operations
remain the airport’s priority, land development plays a
critical role in supporting the airport’s
growth.

“This is about strategically using our
landholdings to grow non-aeronautical revenue, which we can
reinvest back into the airport,” he said.

“We’re
taking a disciplined approach to development to ensure we
achieve the best returns and deliver the greatest benefit
for the Waikato region.”

Titanium Park already hosts
more than 30 tenants and owner-occupiers and when complete,
will be one of New Zealand’s largest business
parks.

Note:

Hamiton Airport is owned by WRAL
(Waikato Regional Airport Ltd). WRAL is a council-controlled
organisation owned by Hamilton City, Otorohanga, Waipā,
Waikato and Matamata-Piako District Councils and is the
umbrella for subsidiary companies Hamilton Airport, Jet Park
Hotel Hamilton Airport, Hamilton & Waikato Tourism (HWT)
and Titanium Park
Limited.

© Scoop Media