Investors and refit yard operators are being offered a chance to capitalise on New Zealand’s growing reputation as a superyacht refit destination in an investor process which began this week.
The Wynyard Marine site, owned by local Council organisation Waterfront Auckland is one of the last remaining prime waterfront blocks on the western edge of Auckland’s waterfront. The 1.6 hectare site is situated in the heart of a thriving marine business cluster and opposite the largest marina in the Southern Hemisphere, Westhaven Marina, and adjacent to the recently developed superyacht berths at Silo Marina.
Expressions of Interest are being invited from marine/superyacht refit and yard operators, developers and investors (including specialist marine infrastructure investors), to acquire a long term leasehold interest in 16,241m2 of marine zoned land and a water space licence over the water space immediately adjacent to the land with an area of 10,663m2.
Within the current zoning parameters there is also capacity for the development of 7,550m2 (gross floor area) of marine, commercial and retail space and 6,000 m2 (gross floor area) of residential and/or serviced apartments.
Auckland has witnessed an influx of visiting superyachts in recent years with the development of Silo Marina which has played host to some of the largest and most well-known vessels in the global fleet. Buoyed by this growing popularity as a refit destination and by the resurgence of new builds locally and internationally, the NZ Marine Industry Association together with Tourism New Zealand are progressing an investment and marketing strategy to double the number of superyachts visiting the country over the next five years.
Waterfront Auckland Chief Executive John Dalzell says the Wynyard Marine site offers a superb opportunity to capitalise on New Zealand’s growing refit market.
“The site is unrivalled in terms of its access to a city centre, a thriving marine business cluster and some of the South Pacific’s finest cruising grounds.”
“There’s no doubt these attributes combined with the convenience and access to a local talent pool of world class operators and designers, will provide a competitive advantage over other international yard locations.”
Interim use of the development site has seen it operate as a homebase for the Luna Rossa America’s Cup challenge in 2012-13 and more recently as a mast stepping location for the local world renowned marine supplier Southern Spars.
The successful party would be able to devise an appropriate infrastructure design to meet market demand and deliver the necessary returns.
Initial assessments by Waterfront Auckland suggest a facility that can cater for large superyachts (600-2000 tonnes). The site can accommodate a full range of haul out facilities including potentially a synchro lift, Dry dock, Travel lift and floating dock.
Mayor Len Brown says the Wynyard Marine site has huge potential to be a progressive example for Auckland-wide initiatives that focus on quadruple bottom-line outcomes and performance (Social, Cultural, Economic, Environmental).
“The waterfront redevelopment will serve as a catalyst for positive outcomes for the whole region: job creation, innovation, exporting and tourism growth.
“Growth is what we need right now and the waterfront is estimated to support nearly 7,000 direct full-time jobs by the end of 2013, generating $710 million in direct GDP per year. Over the five years to 2018, this impact is expected to rise to nearly 11,000 direct full-time jobs and $1.2 billion in direct annual GDP.
“Once upstream and downstream impacts are included, these figures more than double, supporting jobs and economic production across Auckland. This is a significant economic move for the region.
“Private investment partners are essential to making it happen. Expressions of interest for the site are being invited by Colliers International.”
Download the Expressions of Interest document, here.