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Major development planned for Devonport Road

Council-owned properties at 82, 84, 90, 94, 96 and 98 Devonport Road have been sold to facilitate the development. Image: Google Maps.

Plans are "well-advanced" for a major office and retail development at 82-98 Devonport Road.

Property development and investment company, Willis Bond & Co has plans to develop the 4300 sq. metre Devonport Road site, which is currently the subject of a conditional sale and purchase agreement with the owner, Tauranga City Council.

Craigs Investment Partners will likely be the anchor tenant for the building, which will feature a high-quality, mixed-use development approach incorporating commercial and retail spaces.

Current plans envision a six-level, above-ground office space above ground-floor retail, with pedestrian linkages connecting Devonport Road and The Strand with the waterfront and the Matapihi footbridge.

Willis Bond & Co Managing Director, Mark McGuinness says the venture solidifies a long-standing relationship with Craigs Investment Partners.

“We’ve worked with Craigs for over 30 years, so it is fitting that we’re able to work on this project together, and support Tauranga City Council’s efforts to revitalise the Tauranga city centre."

Willis Bond & Co is well-known for its award-winning developments, recently taking the top architecture award for their Wynyard Central apartment development, along with a number of commercial property awards for their work on Wellington’s PwC building.

“We’ve learnt a lot about what it takes to construct quality buildings and communities through our developments in Auckland and Wellington. This will be a landmark project for us in Tauranga and one we’re very excited about," says Mark.

Craig Investment Partners chair, Neil Craig, says the company had outgrown its existing premises.

“The Devonport Road development will cater for our 230 current staff and provide the space we need to grow.

“We’ve been looking for a suitable waterfront site for some years now. This site meets all of our requirements and clearly signals Craig’s intention to keep its head office in Tauranga for the long-term.”

One of New Zealand’s leading investment companies, Craigs has 19 offices around the country, employing around 540 staff, with an additional 50 percent holding in a similar investment advisory business in Australia.

Mayor Tenby Powell says the decision to sell council-owned properties at 82, 84, 90, 94, 96 and 98 Devonport Road to facilitate the development comes as part of a wider initiative to re-consolidate council’s office-based services in a single location and revise the master plan for the future use of the Willow Street Civic Precinct.

“The master plan process has not progressed at all for close to two years and we need to clarify what our aspirations are for the Willow Street site and engage with hapu so that we understand the historic issues which may impact upon its development.

“At the same time, we have an urgent need to rationalise the inefficient and expensive use of three separate city-centre buildings for our civic administration functions. One option would be to lease space in the exciting new building planned for 90 Devonport Road and council has agreed to explore that possibility with the developer.”

Tenby says the Devonport Road development will create a significant number of jobs during the construction phase and achieve council’s strategic objectives of realising value and facilitating quality commercial development.

“We’re in the fortunate position of being able to act as the catalyst for a marquee project, which in conjunction with the nearby Farmers’ retail, commercial and residential development, will provide some real impetus to the city-centre economy and create an attractive inner-city environment where people will want to live, work and play.”

A report setting out council’s civic accommodation needs, with recommended actions to address the longstanding issues involved, was adopted by elected members at a public excluded meeting on 24 March.

The report has now been made public (with redactions to protect commercially sensitive information) and will be made available on council's website.

The purchase price for council’s Devonport Road properties will be disclosed following the completion of a due diligence feasibility investigation, and confirmation that the sale is unconditional.

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Open and Transparent Council

Posted on 16-05-2020 10:13 | By bigted

Was due sale process applied e.g. tender, or was this another "behind closed doors" deal by council. Mayor Tenby’s challenge is to now prove that TCC got best $ value for this city owned property. Of course, he will site the old commercial sensitivity reason!

That'l be all nice an cozy.

Posted on 15-05-2020 20:10 | By Cynical Me

Behind all the smoke and mirrors will be the building of a new council building. Councils like Govt, departments never shrink in numbers. Ratepayers about to be skewed again. What are Craigs going to do with the Westpac building that has to be demolished?

And as asked by :- No Bull Reallyl

Posted on 15-05-2020 19:39 | By The Caveman

I did NOT see the land advertised for sale by the Council !! Thus how can the Mayor even suggest that the Council got best $$$’s for the properties? HE CANNOT. As property owner in Tauranga, NOTHING owned by the Council should be sold BEHIND CLOSED DOORS - how do the RATEPAYERS know that the Council got top $$$$$’s for the properties. OH and Mr Mayor, how about you actually tell the RATEPAYERS what the sale price was AND what the current valuation is!!!

DID I MISS SOMETHING ??

Posted on 15-05-2020 19:28 | By The Caveman

" Craig Investment Partners chair, Neil Craig, says the company had outgrown its existing premises. “The Devonport Road development will cater for our 230 current staff and provide the space we need to grow. “We’ve been looking for a suitable waterfront site for some years now. This site meets all of our requirements and clearly signals Craig’s intention to keep its head office in Tauranga for the long-term.”, SO what doe this mob actually produce ??? Oh that’s right their commission from the MUGS that invest with them!! AND as has been asked - is there 230 car parks in the building to cater for the RR’s, BMW’s, etc that their staff drive or are they going to further clog up the streets around the CBD every day and chase away even more shoppers???

Didn't see it advertised for sale

Posted on 15-05-2020 17:49 | By

Is this a sale to the highest bidder or some other process that will ratepayers done out of a great price for this land?

This is a Joke Right

Posted on 15-05-2020 16:23 | By R1Squid

I don’t see that working - probably another door front the supposed homeless to start begging from. There are so many unused buildings in Devonport road now, do we really need another?

What a great dream

Posted on 15-05-2020 16:16 | By nerak

for Craigs. Did I miss the mention of multi level parking within the site? And why "One option would be to lease space in the exciting new building planned for 90 Devonport Road..."? Really, you’re becoming more transparent, Powell.