Iport

Otautahi/Christchurch

4ha of prime industrial land with pre-paid development levies – limited supply but high demand.

Strategic location (proximity to inland port).

2023 valuation supported a ~46% uplift on acquisition value.

Formosa

Tamaki Makakaurau/Auckland

Large scale (255ha) rezone opportunity.

Partnership with Russell Property Group, NZ Super Fund and Ngāi Tai ki Tāmaki (mana whenua).

Project includes >3000 houses, two schools, retail and employment zones etc.

2023 valuation supported a ~20% uplift on acquisition value. Commissioners have approved the rezone, so expect material uplift again in 2024.

Opportunity Pipeline

Reviewing and assessing a pipeline of large scale off-market residential and industrial rezone and development opportunities via iwi and/or strategic partners.

Hāpai has also developed an exclusive partnership agreement with KiwiRail on selected sites. Offers good risk adjusted returns on rail enabled and freight focused projects.