New Company Formed For Future Of Invercargill’s City Centre

May 17, 2017
3528 Views

Invercargill City Properties Ltd and HW Richardson Group have formed a joint venture company to assist with future development opportunities for Invercargill’s city centre, the Invercargill City Council released in a statement.

The Chairman of Invercargill City Holdings Ltd, the City Council’s holding company which owns Invercargill City Properties Ltd, Cameron McCulloch and HWR Group director Scott O’Donnell, released the joint statement recently – confirming formation of the joint venture company, HWCP Management Ltd.

According to the New Zealand Companies Office the new company was registered on March 29, 2017 and has two directors, Cam McCulloch and Scott O’Donnell.

Records show there are 1400 shares, 701 shares (50.07%) held by HWR Property Limited and 699 shares (49.93%) held by Invercargill City Property Limited.

Formation of HWCP Management Ltd followed on from release of the Southland Regional Development Strategy (SoRDS) in November 2016, Mr McCulloch said.

“The purpose of this joint venture company is to look at potential future development in Invercargill’s CBD, in alignment with the SoRDS Strategy.”

Mr O’Donnell said the joint venture company is liaising with national developers and prospective tenants from outside Invercargill.

“Company representatives are limited with what we can disclose publicly because of commercial sensitivities and the need to maintain business confidentiality and a sound negotiating position,” he said.

Comments

You may be interested

Gray Wins Men’s Individual Pursuit Keast Crashes But Keeps Racing
Sports
115 views
Sports
115 views

Gray Wins Men’s Individual Pursuit Keast Crashes But Keeps Racing

Editor - Feb 21, 2018

Commonwealth Games-bound Jared Gray has claimed the men’s individual pursuit title on the opening night of the Vantage Windows &…

War Of The Wings Rolls Into Town
Motorsport
448 views
Motorsport
448 views

War Of The Wings Rolls Into Town

Daryl Shuttleworth - Feb 21, 2018

There is certainly no time to rest for the team at Riverside Speedway with the Hydraulink War Of The Wings…

ICC Appoints Clare Hadley as new Chief Executive
Invercargill City Council
1133 views
Invercargill City Council
1133 views

ICC Appoints Clare Hadley as new Chief Executive

Editor - Feb 21, 2018

The Invercargill City Council has appointed Clare Hadley as its new Chief Executive, Mayor Tim Shadbolt announced today. Mrs Hadley…