The Linde Group is selling its 4.6ha Sockburn site in New Zealand, but will lease back part of it for another 15 years.

The 18,000 square meter property is occupied by BOC, a member of The Linde Group, which supplies compressed and bulk gases, chemicals and equipment around the globe.

This change at its site in Sockburn, Christchurch has come as a result of increased efficiencies, with BOC now only requiring part of the property.

BOC plans to take a new 15-year lease on the site, giving potential buyers the opportunity to gain a holding income of $280,000 per annum net rental.

gasworld Business Intelligence estimates that the industrial gas market in New Zealand is valued at around $207m. Linde is the current market leader in the country, commanding an impressive market share of 66%. This cylinder filling location Sockburn is an example of the $91m in revenues gained from the sale of packaged gas in the country, the most important supply mode in the country.