Waikato-Tainui members first in line for new residential sections

Waikato-Tainui members first in line for new residential sections.
Tainui Group Holdings (TGH) today announced that 15 new residential property sections in Hamilton East will first be offered to registered members of Waikato-Tainui before a possible wider release to the market.
The 15 sections developed between Tramway Road and Wairere Drive at Ruakura are the first of 42 sections planned for the location by the TGH joint venture with Malcolm MacDonald and David Lugton under the banner of Rotokauri Development Limited.
In a highly competitive residential property market, we want to provide Waikato-Tainui people with this opportunity to own a section in this rapidly developing area, TGH General Manager Corporate Services Tama Potaka said.
These sections are ideally located, Mr Potaka said. They are adjacent to significant road connections and offer excellent live, work and play opportunities with Ruakura, Waikato University and the Hamilton CBD all nearby.
The sections will be offered at current market prices. These range from $218,000 to $223,000, inclusive of GST. Section sizes range from 400 square metres to 440 square metres. 
The cut-off date for an advance purchase is 12pm Monday 18 January 2016, with a final contract subject to title.
Potential buyers will need to confirm that they are registered members of Waikato-Tainui, Mr Potaka said. If all available sections are sold to members, we intend to make another group of sections available for tribal members.
Tainui Group Holdings is encouraging those who are interested to email agent Craig Reid at Lugtons on river@lugtons.co.nz or call him directly on 07 853 0013 for more information.
For media enquiries contact Daniel Adolph 021 453 125 

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