Tainui Group Holding’s $3.3 million dollar Ruakura development – which has a logistics hub as its core – has moved one step closer to reality.
A ministerially-appointed board of inquiry has issued a draft decision approving the re-zoning of land at Ruakura – on the edge of Hamilton – from rural to employment and residential.
TGH chief executive Mike Pohio was “very pleased” with the decision but wanted to take time out to study the board’s decision.
“We are excited about the potential of Ruakura both for Waikato-Tainui and the people of Hamilton,” he says. “Our vision is to build a real community at Ruakura with an exciting mix of high-quality work, live and play elements.”
A logistics hub was at the centre of the development with container port, industrial park and shopping districts and a residential area.
Hamilton mayor Julie Hardaker says the decision was good for Hamilton, with massive investment in the city expected to generate more than 10,000 jobs and $4.4 billion in gross regional product.
