A recent six-crane lift in New Zealand made the local news, and we’re proud to have been part of the project.
Central Steel Build fabricated the steel components, which were shipped to New Zealand and erected by Tuatara Structures. The lifting technique is one that we use frequently, and is quite impressive to see.
Read the full article here or look at a video of the crane lifting process on a project in Castlemaine, Victoria below:
Ten of the most beautiful university buildings in the world
1. FPT University, Vietnam.
An incredible building that is as much plant as it is stone, this university almost looks like it’s been taken over by trees.
The balconies are designed to give light to plants which will eventually grow into the building.
2. Sydney University Business School.
Designed by the controversial architect Frank Gehry, this building is affectionately nicknamed the ‘Crumpled Paper Bag’. The building characteristically plays with form and expectation.
3. The United States Airforce Academy.
The building itself is reminiscent of the functional, streamlined airplanes the cadets learn to fly inside & the repeating pattern calls to mind entire fleets and the collective force of the US airforce.
4. The Library of the University of Mexico.
This incredible building is fascinating to anyone who sees it. Decorated in intricate, native designs, the building is an art piece that connects its inhabitants to their history.
5. Tokyo Mode Gakuen Building.
Nicknamed ‘The Giant Cacoon’ for obvious reasons, this building was the winner of a contest that asked for building designs that were not rectangular.
6. The New School, New York.
Balancing the requirements of modern architecture with the class of Manhattan, this building manages to be new yet sophisticated. Digital-inspired, but respectful of its context.
7. School of art, design and media, Singapore.
This environmentally-friendly building reduces its footprint in more ways than one, blending into its surround and encouraging people to make use of the green space it offers.
8. Art museum, University of Minnesota.
Another twisted wreckage by Frank Gehry, this museum is as disjointed and incoherent as the collection of artefacts housed inside.
9. The entire campus of the Colorado Boulder University.
Nestled into the mountain ranges of Colorado, this beautiful campus has a coherence that makes it feel like one big village.
10. Cambridge University’s Faculty of History.
A masterwork of modernism, the sleek, factory-like design of this building makes it one of the best examples of modern, minimalist architecture.
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Building a Warehouse as an Investment
Buying or building commercial property as an investment can be a great strategy, particularly for those looking for a consistent stream of income.
In the article below, we look at the return of investment of commercial and industrial properties and then take a look at how you can start investing.
One of the strengths of commercial properties as investments is their high rental return. While residential properties return only 3.4% of their overall value per year, industrial properties return about 8.1% of their total value yearly.
That’s a huge difference in a reliable stream of income.
So what’s the catch? There are a few. Let’s go through them:
Rental Income Risks
As always, a greater return indicates a greater risk. In regards to industrial properties & buildings, the high rental return relies on finding a reliable renter.
Residential properties are generally filled by tenants extremely quickly, but it can take months to find an appropriate tenant for a warehouse or factory space.
In any town or city, more space is allocated to residential building than industrial building. Finding a property to build on can be more difficult, and the council will likely hold you to tighter regulations before giving you building approval.
However, there is some goods news here. If you’re working with a trusted and experienced builder, they will understand regulations like the back of their hand. A quick phone call will give you an idea of what you can and cannot do. In these situations, your builder is your most important contact.
More good news: fewer people are building industrial properties than residential properties. This means you can often get industrial land for a better price, particularly if you choose your location strategically.
More Specific Needs
When building an industrial property, you’ll need to consider a number of requirements a tenant is likely to have:
- Access to highways.
- Space for heavy machinery.
- Appropriately large access points.
- Access to industrial utilities.
The location of your building is often extremely important, because location often provides value to the business operating out of it.
You need to make business as easy as possible to conduct from your space, so you will ideally find a place close to suppliers and other important networks.
Industrial properties tend to increase in value slower and steadier than residential properties.
Whilst residential properties have greater potential for capital growth, they also have a greater risk of going backwards.
How Much Does It Cost to Build An Industrial Building?
The average cost to build an industrial building is $166,065 AUD for the engineering, fabrication and installation of the building.
Site preparation, civil works, utilities etc are all additional costs.
For large factories over $400m2, the price can range from $100,000 – $400,000.
Rental return of residential vs. industrial properties: Property Observer)