Govt is successful bidder for Westhaven Marina

Thursday, 15 April 2004, 11:11 am
Press Release: Ports of Auckland

Government is successful bidder for Westhaven Marina

The Government is the successful bidder in the tender process for Westhaven Marina and has registered an option to buy Hobson West Marina. “The outcome is very pleasing,” said Ports of Auckland Chief Executive Geoff Vazey.

Mr Vazey said that the Government’s bid for Westhaven Marina at $52 million was the most attractive, with the particular benefit of being unconditional. “We are satisfied that this is a fair market price for the marina,” Mr Vazey said. The Government is expected to confirm the purchase of Hobson West Marina next week.

“We have been delighted with the interest in the tender process, both from New Zealand and offshore parties,” Mr Vazey said.

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