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An iwi group from Hawke's Bay invests more than $ 100 million in commercial projects to reinvigorate the local economy
CBD's Napier, photographed in 2014.
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The Mana Ahuriri Trust has launched its project to become one of the largest commercial property owners in the region
The trust is the only one of its kind. a post-conventional governance entity that represents the Ahuriri and Napier regions.
The first project is expected to begin in September with a $ 20 million commercial development in Napier
Warren Ladbrook, director of the trust, said the project would turn an unsightly "gravel pit" into a large-scale retail strip
. It will house prestigious retail chains, including Briscoes and Rebel Sport, as well as more than 150 car parks for customers.
"The goal is to centralize and consolidate the large-format retail business in Napier and is part of our vision of offering better retail. o Mr. Ladbrook stated:
The Trust will also hold a 50% interest in Ahuriri Hawke's Bay Airport and plans to develop a $ 60 million industrial estate in Napier.
Bill Dalton, Mayor of Napier. Mana Ahuriri's plans were solid, progressive and would give Napier a new life
"I am particularly pleased with the many employment opportunities that these projects will bring to our community," Dalton said. not only bring fresh blood to Hawke's Bay, but also ensure that our best local talents find reasons to stay, work and live here. "
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