Hawke’s Bay’s Tomoana food hub nets $41m in record sale for region

The Tomoana Food Hub processing and distribution centre on the outskirts of Hastings has been sold for $41 million in the highest-priced property sale ever in Hawke’s Bay.

The sale to a new property of the 10.47 hectares to a property investment syndicate especially developed by Queenstown-based law firm Mitchell Mackersy was brokered by Danny Blair and Greg Goldfinch of Colliers International during Covid-19 lockdown levels 4 and 3.

Neighbouring a Heinz Wattie’s plant, it comprises five fully-tenanted warehouses on individual freehold titles off Elwood Rd, Hastings, just west of the Hawke’s Bay railway line, and on Hanui Rd.

Colliers Hawke’s Bay director Blair said that while the property went under contract in February, the Mitchell Mackersy syndication scheme did not close until the end of May – including when the level 4 coronavirus lockdown was in full swing.


First published by Hawke’s Bay Today – click here to read the full article.