Peter Rae Industries Limited has announced plans for a $670,000 expansion and redevelopment project at its Main North Road Oamaru site.
A 400 sq. metres machine shop and specialist services extension will be added to the existing workshop, taking the total base floor area of the workshop complex to 2,150 sq. metres.
The existing old freight sheds on the 4.7 hectare site will be demolished and replaced with a purpose-built freight & storage facility on a building footprint of some 1,000 sq.metres plus canopy area.
All of the new buildings will be leased to PRI’s head tenant and associate company, Waitaki Transport Limited. Other sub-tenants on the site include Ballance Agri-Nutrients, Fulton Hogan, North Otago Transport, Shell Oil and Detroit Diner
PRI Managing Director, Peter Rae, said that the proposed developments would be completed over the next few months, involving Otago and Canterbury-based contractors and sub-contractors, and were an expression of confidence in the North Otago economy.
“Recent irrigation and farming developments, and the proposed cement works for the area, give us a lot of confidence that North Otago has a sound commercial base and a prosperous future.” said Mr Rae.
Waitaki Transport Managing Director, Paul Denny, welcomed the proposal and said that the new buildings would enable the company to expand and improve its transport and fleet maintenance services to both existing and new clients.
For further information or clarification:
Peter Rae (03) 379 8811 or (027) 432 4221
Paul Denny (03) 437 1728 or (027) 433 0261
