Properties

 

The trust is involved in a number of significant projects. These contribute positively to the income generation and net asset value of the Trust.

Village at the Park

Village at Park

Village at the Park has been underway for some time. It is anticipated it will take a further 5-10 years before it is fully completed. Village at the Park offers various levels of accommodation for those aged over 55 years. Accommodation options range from hospital and dementia bed facilities to independent apartments and apartments with care services included to fully independent villas.

The joint venture has elected to reinvest profits from the development into further development phases of the overall project.

The Trust has three representatives on the company which oversees Village at the Park. They are Morris Love, Richard Te One and Dr Leo Buchanan.

Visit Village at the Park WEBSITE »


Pipitea Plaza 
Pipitea Plaza in Pipitea Street sits on a site which was consolidated under the ownership of the Wellington Tenths Trust during 2007. A joint venture to develop the site was entered into with the Redwood Group from Auckland in 2008.

Development only proceeded on the site when a tenant, with a long term lease had been secured. The nine level building provides 16,500 square metres of lettale space. On completion the building was awarded a 5-star Green rating. Prime Minister John Key officially opened the building. The building is now home to the Government Communication Security Bureau.

This site is now a very good investment for the Trust, who have retained a 25% interest in the completed development.


Lambton Quay
This is land that was acquired by the Trust in 2008. While the immediate future of the site is not known at this time, it is a prime location being opposite Wellington Railway Station and main bus terminus.

 

Maori Land Court

Visit Maori Land Court WEBSITE »