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

 

Budget Building Battle: Bill English Blames Council On Housing

The Nation: Finance Minister blames Auckland Council for housing shortage, saying it is responsible for land, housing and infrastructure supply in the city, while government provides rental subsidies... More>>

ALSO:

Megiaglommeration: NZME And Fairfax Apply For Authorisation To Merge

The Commerce Commission has received an application from Wilson and Horton Limited (trading as NZME) and Fairfax NZ Limited seeking authorisation to merge their media operations in New Zealand. More>>

ALSO:

Brewing: Lion To Buy Cult Upper Hutt Brewer Panhead

Lion - Beer, Spirits and Wine (NZ), New Zealand's biggest beer maker, has agreed to buy Panhead Custom Ales from the family of founder Mike Neilson, its second such purchase of a popular craft brewer after the acquisition of Dunedin-based Emerson's Brewing Co in 2012. More>>

ALSO:

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news