Green light for huge Te Rapa retail project

Thursday 25 March 2004

A $50 million retail development on Tainui land at the former Te Rapa air base in Hamilton has the go-ahead from the Environment Court.

By The Landlord

Details were sketchy today, but the Waikato Times understands all appeals against the development were dismissed. The appellants were Westfield, operators of Chartwell shopping centre, and Centre Place owners Kiwi Income Property Trust.

The multi-store development included a new store for The Warehouse, more than twice the size of its Hillcrest store and one of the biggest in New Zealand.

News of the development came a day after Hamilton airport unveiled a $51 million redevelopment plan, including a $30 million industrial and commercial centre.

The Te Rapa proposal, when released in 2002, was subject to planning consent because large commercial development was not allowed on the site under the Hamilton City Council plan.

Read More - Opens in a new window
Commenting is closed

House Prices

House price drops are short-lived - Alexander

Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.

Commercial

Industrial holdings leave Provincia in strong position

Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.

Mortgages

Mortgage lending slumps to record low in April

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

Site by PHP Developer