In 2013, we purchased 30-32 Bowden Road, Mt Wellington, home – for over forty years—of Fletcher Aluminium. Not only is 30-32 Bowden Road an attractive, 3.9ha, parcel of land in one of Auckland’s main industrial precincts, this was also an opportunity to extend our multi-stranded relationship with Fletcher Building.
Now, we’ve renegotiated the lease agreement with Fletcher Aluminium, extending the term until 2023. Both parties are happy: it’s business as usual for them, working hard for their customers, and for us, a significant property in the portfolio continues working hard for our shareholders.
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