By Jemima Owen-Jones2016-10-21T14:55:00+01:00
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.
Linde Gases, a division of Tier One player The Linde Group, has introduced a number of digital concept solutions for the packaged gases sector.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.