Search

Search News Search Questions

News > Commercial > Land boosts Northland Port value

Commercial

Land boosts Northland Port value

Shareholders' funds in Northland Port Corporation increased by $45.09 million after an independent revaluation of 180 hectares of Marsden Pt land.

Thursday, October 07th 2004

The increase was the main factor in the jump of Northland Port Corporation's (NPC) total assets from $41,871,579 to $76,480,990 in the 2003/04 financial year.

Chairman Mike Daniel said the revaluation had highlighted the land bank's previously "hidden value" and the foresight of directors in buying the land in previous years.

The revaluation does not include the area for Northland Port Corporation's joint canal and marina development with Hopper Developments Ltd (Marsden Cove Ltd), or any assessment of the enterprise value of NPC's various associate companies and joint ventures operating at Marsden Pt.

Read More - Opens in a new window

Next Article

Property investors refocus on cash flow

Most Read

See more News >

Top Mortgage Rates

Unity First Home Buyer special 3.99
SBS FirstHome Combo 3.99
TSB Special 4.39
Co-operative Bank - First Home Special 4.39
ICBC 4.39
SBS Bank Special 4.49
Unity Special 4.49
ANZ Special 4.49
Westpac Special 4.49
Kiwibank Special 4.49
Co-operative Bank - Owner Occ 4.49
ICBC 4.59
ANZ Special 4.69
TSB Special 4.69
BNZ - Std 4.69
Wairarapa Building Society 4.79
Nelson Building Society 4.87
Westpac Special 4.89
Co-operative Bank - Owner Occ 4.89
Kiwibank Special 4.89
SBS Bank Special 4.89
Unity Special 4.89
ICBC 5.19
Westpac Special 5.29
TSB Special 5.29
BNZ - Std 5.29
SBS Bank Special 5.69
Co-operative Bank - Owner Occ 5.69
Kainga Ora 5.69
ASB Bank 5.69
AIA - Go Home Loans 5.69
Kiwibank Special 5.79
Westpac 5.89
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.75
Unity Standard 5.79

Full Rates Table

More Stories

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.

Landlords
© 2026 Tarawera Publishing Ltd.