13 Aug 2013

Port of Tauranga buys industrial park for expansion

7:15 am on 13 August 2013

Port of Tauranga is expanding its MetroPort inland port facility in South Auckland by buying the Gateside industrial park for more than $37 million from the Goodman Property Trust.

Acting chief executive Sara Lunam said the company, plans to use the site to develop its operations in Auckland further.

Goodman Trust's manager said the Gateside sale is part of its asset sale program which has netted $70 million of capital over the last 18 months.

Tauranga last year overtook Ports of Auckland as the nation's largest container port in New Zealand.