Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Major property development for Rotorua CBD

For Immediate Release

23 June, 2014

Major property development for Rotorua CBD

Rotorua is set for another significant property development in the CBD with local company, R&B Consultants, to construct a new, purpose-built site to be leased by the Department of Corrections at the Department’s existing location at 1232 Haupapa Street.

The existing site is owned by R&B Consultants. Corrections staff currently located there will temporarily move to two other sites (14 Geddes Road and the Spence’s building opposite the new Police station) while construction is underway.

The Spence’s building – also a R&B Consultants property – had most recently been occupied by Rotorua Police during the construction of the new Police Station.

R&B Consultants director, Ray Cook, says demolition work at the Haupapa St site is due to commence in mid-July to make way for the new two-level building. The total land area of the site is 1550m², while the two level building will have a total floor area of 1500m², including a car park for 18 onsite vehicles.

Mr Cook says the project is valued at more than $5 million and the new site is expected to take approximately 12 months to develop. The Department of Corrections will lease the building once it is complete.

He says he is pleased that the new development has been secured for the Rotorua CBD, as it could easily have been “lost” to the outlying industrial areas of Rotorua.

“This is a significant development for Rotorua and its CBD, which will help contribute to the revitalisation and growing vibrancy of the inner city area.

Mr Cook says the development itself will also provide more than 50 local jobs as R&B Consultants strive to use local contractors wherever possible.

R&B Consultants has been responsible for several major property and tourism developments in Rotorua over the past 25 years, including the re-development of the Spence’s Building and the old State Insurance Building (now home to the Quest Serviced Apartments), the 200-room Novotel Hotel in 1996 and the 165-room Ibis Hotel in 2005. In the past two years, R&B Consultants has also developed a new retail hub in Lake Rd.

-ends-


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Fairfax Moves To Create Modern Newsroom

Fairfax Media New Zealand continues its newsroom transformation this week, with a proposal to further organise its editorial operations into focused, local teams and specialist national topic areas. More>>

ALSO:

Dairy: Fonterra Forecast For 2015/16 Season

Fonterra Co-operative Group Limited has today reduced its forecast Farmgate Milk Price for the 2014/15 season to $4.40 per kgMS. Along with its previously announced forecast dividend range of 20-30 cents per share, the change amounts to a forecast ... More>>

ALSO:

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>


BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news