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

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.


NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.


LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer