New Company Formed For Future Of Invercargill’s City Centre – What's On Invers

New Company Formed For Future Of Invercargill’s City Centre

May 17, 2017
3325 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

Drift South Series Returns To Teretonga Park
Motor Hub
0 shares85 views
Motor Hub
0 shares85 views

Drift South Series Returns To Teretonga Park

Takie - Sep 21, 2017

The Drift South Series visits Teretonga Park in Invercargill on Saturday for the first time in six years. Approximately 35 cars are…

Lotto $1 million Win For Auckland – Powerball Rolls over to $5M
Lotto
0 shares46 views
Lotto
0 shares46 views

Lotto $1 million Win For Auckland – Powerball Rolls over to $5M

Takie - Sep 21, 2017

It will be a mid-week celebration for a Lotto player from Auckland after winning $1 million with Lotto First Division…

ICC Issues Further information Regarding Dog Euthanasia
Invercargill City Council
0 shares1438 views
Invercargill City Council
0 shares1438 views

ICC Issues Further information Regarding Dog Euthanasia

Takie - Sep 20, 2017

Captive bolt guns were first used by Invercargill City Council in April 2016 following the approval of the method by…