Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Regional council’s company buys farms

MEDIA RELEASE

Regional council’s company buys farms for business park

For immediate release: Monday 17 May 2004

Environment Bay of Plenty’s commercial arm is buying several farms near Te Puke to help stave off predicted shortages of industrial land in the western Bay of Plenty.

Quayside Group currently has 130ha of land at Rangiuru under contract for purchase, says Environment Bay of Plenty chairman John Cronin. For commercial reasons, the exact location is still under wraps.

When the deal is finalised, the size of the land bank will have reached “the critical mass” for use. “This will mean that there is enough land for development purposes.” A key option is to develop it as a business or industrial park, Mr Cronin says.

SmartGrowth, the group responsible for managing future growth in the sub-region, has signalled a likely scarcity of land for industrial subdivision. “Yet opportunities to buy suitable land are disappearing quickly because of the rapid pace of development. We thought it was imperative to bank suitable land now so it is held for when it is needed. Otherwise we may well miss out altogether.”

Mr Cronin says the move is “an opportunity to use our funds as a catalyst for regional development”.

Quayside Group chairman Bryan Riesterer says the regional council or its subsidiaries will not necessarily develop the business park themselves. “The issue is not in the development but in prudently securing ideally situated land. We are not a developer but an investor.” The land will continue to be farmed until development occurs. If plans fall through, the properties can be re-sold.

Mr Riesterer says Quayside will now be looking for strategic development partners. “Clearly they could include neighbouring landowners, councils, private-public partnerships for roading, or a partnership with private investors and Tauranga City Council and Western Bay of Plenty District Council’s economic development agency, Priority One. In the long term, however, Quayside Group does not consider itself a major player in any of these options.”

Once it owns the land, Quayside Group will be discussing required zone changes with Western Bay of Plenty District Council, adjoining landowners and the community.

Quayside Group is the local authority group of companies that looks after the regional council’s shareholding in the Port of Tauranga. It also has an investment portfolio worth $65 million.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news