Port of Tauranga Sells Auckland Industrial Property for NZD 88.7 Million
Auckland, New Zealand | September 3, 2026: Port of Tauranga has completed the sale of its property at 345 Neilson Street in Onehunga, Auckland, to Trade Depot for NZD 88.7 million. The transaction marks the completion of the port operator’s previously announced property sale and highlights continued activity in Auckland’s established industrial property market.
Trade Depot Acquires Onehunga Property
Trade Depot, a New Zealand-based trade supplies retailer and distributor, has acquired the Onehunga site for NZD 88.7 million. The transaction was completed on the terms agreed between the two parties.
The property is located in Onehunga, a well-established industrial and commercial area in southern Auckland with strong links to logistics, distribution and trade-related businesses.
Sale Forms Part of Port of Tauranga’s Property Management
The transaction is part of Port of Tauranga’s broader management of its property portfolio. The company continues to own and operate significant port-related assets across New Zealand.
Importantly, the sale does not involve the company’s core port facility at Mount Maunganui. Port of Tauranga remains New Zealand’s largest port by cargo volume.
Why the Auckland Industrial Property Market Matters
The sale underlines the value of established industrial locations in Auckland, particularly sites that can support warehousing, distribution and trade operations.
For commercial property investors, transactions of this scale can indicate continued demand for strategically located industrial assets where businesses require space close to major transport and logistics networks.
What the Deal Means for Commercial Property
The NZD 88.7 million transaction provides another indication of investor and occupier interest in Auckland’s industrial and logistics property segment.
For businesses such as retailers and distributors, acquiring established industrial premises can provide greater control over operational space while supporting long-term distribution requirements.
Port of Tauranga Continues Its Core Operations
While the Onehunga property has changed ownership, Port of Tauranga continues to focus on its core port and logistics operations. The completed sale therefore represents a portfolio transaction rather than a change in ownership of the company’s main port infrastructure.
For the wider commercial property market, the deal highlights how established industrial assets can attract significant capital when they offer suitable locations for logistics and trade-oriented businesses.