INDEPENDENT NEWS

Timaru District Holdings Limited Media Statement

Published: Fri 21 Sep 2018 02:03 PM
21/9/2018
Timaru District Holdings Limited is jumpstarting redevelopment of South Stafford Street with the purchase of five buildings.
The purchase of properties at 101 – 123 Stafford St by the company, at the combined price of $1.7 million, will enable the sites to be combined and on sold to a developer as a single 3,700 square metre site.
Chair of Timaru District Holdings Limited (TDHL), Damon Odey, said that this purchase will help give this area of town the opportunity to thrive again.
“The community has long asked if there is anything we can do to help update this part of South Stafford Street,” Odey said.
“An important part of the work of TDHL is in making investments that will improve the district. With upgrades across the street already planned by the council, this was seen as an opportunity to give this area a real shot in the arm.
“This investment by TDHL will in future allow us to offer a large and contiguous piece of prime town centre land to developers, which we know will be an attractive proposition.”
The purchase follows the announcement of Timaru District Council work to upgrade the Theatre Royal and build a new Heritage Centre on land across the street.
“With millions dollars of investment by the council happening across the street, this was the right time for TDHL to play its part in helping create commercial opportunities in the area,” said Odey.
“It’s great that the strength of THDL enables us to make this investment on something that will have great benefits for our community. I’d like to also acknowledge the cooperation and willingness of the previous property owners in helping bring this plan to fruition.”
Current tenancies will continue in the buildings while development opportunities are explored by TDHL.
ENDS.

Next in New Zealand politics

On Buying Ventilators, And Expanding The Testing For Covid-19
By: Gordon Campbell
On Going To Level Four (and Scrapping The Olympics) Right Now
By: Gordon Campbell
Cabinet Approves Business Continuity Package In Response To COVID-19
By: New Zealand Government
Statement From Police Commissioner Mike Bush Following Guilty Pleas In Operation Deans Prosecution
By: New Zealand Police
Record transport investment in Draft GPS 2021
By: New Zealand Government
On The Loss Of Abortion Safe Zones
By: Gordon Campbell
On The Oil Price Smackdown, And On National’s Fatuous Crusade Against Red Tape
By: Gordon Campbell
Predator Free 2050 Strategy - Expert Reaction
By: Science Media Centre
Government seeks infrastructure projects
By: New Zealand Government
Advance payments to support contractors
By: New Zealand Government
Auckland Council Welcomes Package To Stimulate Economic Recovery
By: Auckland Council
Infrastructure Sector Sees 30 Percent Less Jobs
By: Infrastructure NZ
COVID-19 And The Fundamentals Of Living On A Timed Borrow
By: Nikko AM
Fixing Wellington’s Infrastructure Deficit Should Be Top Of Government’s To-do List
By: Business Central
Nation Steps Up To COVID-19 Alert Level 2
By: New Zealand Government
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media