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Green light ushers in new phase for Ruakura development

Green light ushers in new phase for Ruakura development

Hamilton, 15 September 2014. Tainui Group Holdings (TGH) and Chedworth Properties have welcomed final approval from the Ruakura Board of Inquiry to re-zone land they own at Ruakura from rural to ‘employment and residential’ uses.

TGH Chief Executive Mike Pohio says the decision marks the outcome of a significant phase of master planning and ushers in the next stage of applying for resource consents for specific elements within the planned 800+ hectare development.

“We are very grateful to all the parties who made submissions during the Board of Inquiry, whether from the community, local Government or technical experts. These submissions rigorously tested all our thinking that went into the master plan, and we made a number of changes to accommodate feedback from the community and experts,” Mr Pohio says.

“Like our development partners at Chedworth Properties, our team at TGH has worked very hard to bring the Ruakura project this far. We are excited about its potential for Waikato-Tainui and the people of Hamilton as we work together to deliver a real work, live and play community which will include a state of the art logistics hub tapping in to strong rail links.”

Mr Pohio said TGH’s first priority is to prepare further detailed project plans taking into account the conditions set out in the Board of Inquiry’s comprehensive 500+ page ruling.

ENDS

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