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Mangatawa sign multi-million dollar deal with Mainfreight

Mangatawa sign multi-million dollar deal with Mainfreight

Mangatawa Papamoa Blocks Incorporation today signed a commercial lease agreement with global logistics company, Mainfreight Limited. Representing Mainfreight, were Founder and Chairperson, Bruce Plested and Group Managing Director, Don Braid along with other members of the senior management. The Mangatawa board including chairperson Kevin

Haua, and Operations Manager Paula Werohia, along with Kaumatua, hosted the auspicious occasion at their offices. Owners of industrial zoned land in Truman Lane, Mangatawa have obtained resource consent to develop an 11.5 ha industrial subdivision. Mainfreight will lease approximately 7 ha in the subdivision, to establish a new freight facility for the region.

“We are extremely pleased to have concluded negotiations with Mainfreight today. This is a significant agreement for Mangatawa. By converting our under-utilised land this way, we are able to secure long-term benefits for our shareholders,” said Mr Haua.

“The lease to Mainfreight is a long-term commitment by both organisations, and with the site’s ready access to State Highway 2 and the Port of Tauranga, there will be benefits to Tauranga City and the wider region as well, through the provision of efficient transport logistics and employment opportunities”, he said.

Group Managing Director, Don Braid said, “Mainfreight is delighted to secure a long-term lease on this important land for the benefit of our people, customers and shareholders. The length of the lease fits perfectly with our 100-year vision. Our sustainability and environmental focus sits nicely with Mangatawa’s own values around kaitiakitanga. It is our intention to bring power from the sun and use rain water for our facilities.”

Mainfreight joins Mangatawa’s other Truman Lane lessees, Tui Products Limited, McLeod Cranes and Stadium Storage. Earthworks on the subdivision are expected to commence this month.

The industrial land development is part of a growing investment portfolio for Mangatawa.

Their partnership in Pacific Coast Retirement Village in Papamoa, has continued to exceed expectations. Just this week, Retirement Commissioner Diane Maxwell, was at the village to officially open its $10 million dollar community hub that includes a 50 seat movie theatre, restaurant and retail facilities. In addition, Mangatawa owns 101 ha of farm land and has successful kiwifruit and avocado orchards.

Last year the offices of Mangatawa Papamoa Blocks Incorporation received national acclaim when it won multiple awards at the New Zealand Commercial Projects Awards. Taking out the 2017 National Category award, a Gold Award and a Special Award for the eye catching design that takes its inspiration from the Nga Potiki legend of three whales, a baby and its parents stranding in the Tauranga Harbour and are turned to stone after drinking from a magic spring, thereby forming the hills, Mangatawa, Kopukairoa and Hikurangi.

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