• 6 Sections at Te Kekeu are being pre-released to registered iwi members by a closed tender process with a special market pre-release price point
• 30 July 2020 will mark the start of the pre-release period
• All members registered with Te Atiawa (Taranaki) will be given a four week period (starting 30 July 2020) to undertake due diligence works
• Members will have the ability to access the site, all marketing and due diligence material, and unfettered access and interaction to the sales and marketing agent – Jason Mueli (027 428 9111) at McDonald Real Estate
• Members will be required to submit their valid offer that will confirm their purchase price and any special conditions by 27 August 2020
• If a particular property has multiple offers submitted, the offer with the best terms will be accepted (i.e. a cash buyer with no conditions will be successful over an offer with conditions). However, if all offers present the same terms, then a ballot will be carried out by the agent.
• Te Atiawa Iwi Holdings Limited Partnership will either confirm the recommendation made by the agent or, in the case of the ballot, will inform the necessary people and explain the process. The successful valid offers will be notified by the agent, as well as all unsuccessful offers
• Following confirmation of the successful valid offers, the remaining sections will be released to the open market with a Buyer Enquiry Over (BEO) price point on 29 August 2020. Iwi members will also have an opportunity  to participate in this process

This subdivision will also be available to registered iwi members later in the year. Civil construction works will commence shortly with construction completion anticipated in August 2020. Further communications on the release of these houses and sections will be provided in due course.

• 2 sections and 4 houses are also being pre-released to members – these properties are located at 10, 12, and 16 Bell Street and 9 Cracroft Street.
• Further information will be provided at the information evening on 30 July 2020
• Members will have the ability to access the site, all marketing and due diligence material, and unfettered access and interaction to the sales and marketing agents – Jason Mueli (sections) and Thomas Watt (houses) at McDonald Real Estate. Contact Jason on 027 428 9111 And Thomas on 027 666 6185.

An industrial subdivision is currently progressing through subdivision consent process with Council and is anticipated to be under construction September 2020. There are 7 sections available, ranging from 2,015sqm to 8,520sqm, and these industrial sections will be released to the open market subject to titles in the coming weeks.

For any further information please contact Iain Taylor at Bayleys Real Estate on 021 473 253.