Base-jumping to $1b target

Tainui Group Holdings' plan to become a $1 billion company has taken a giant leap forward with plans announced for a 23,000sq m, $100 million shopping mall at The Base retail centre in Te Rapa, Hamilton, scheduled for completion in 2010.

The Base will be the biggest commercial development in the central North Island and constitutes Tainui Group Holdings' (TGH) flagship retail development on the old air force base at Te Rapa.

When fully developed, The Base will comprise the new mall and a town centre along with existing large-format stores situated on one site and in single ownership. Retail outlets already operating on the site include The Warehouse, Dress-Smart and Mitre 10 Mega.

It is claimed that this will be the country's only "hybrid" (multi-faceted) shopping centre.

The final piece in the development will be a town centre spread over 9ha that includes a health centre, offices and other community facilities.

"We want to fully integrate the town centre with public transport options," says Nathan York, TGH general manager property.

To read the full NZ Herald Article click here

Posted: 14 Feb 2009

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