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Tauranga Now 5th Largest City in NZ, Sees Major Commercial Building Growth

Thursday 22 March 2018, 9:18PM

By Beckie Wright

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Tauranga has now surpassed Dunedin as New Zealand’s 5th largest city, right behind Auckland, Christchurch, Wellington and Hamilton respectively. Due to the city’s rapid population growth rate, the city is reported to be experiencing major commercial building growth.

According to the Tauranga City Council, their building services team has been experiencing a significant uptick in commercial building consent applications since July 2017. Since then, they have issued, processed, or are waiting for several major commercial projects up to March 2018.

In July 2017, building services issued 22 commercial building consents for a total value of $45,774,900, helping to push the total value of consents issued in any one month to an all-time high of $105,916,943,” the council reports.

Tauranga’s continued growth is reflected in the increase of commercial building development consents being lodged to the council, when previously they had mainly been processing residential dwelling consents. It is reported that these upcoming commercial builds are all multi-million-dollar projects requiring significant time investments.

One such commercial property in Tauranga is currently available as a unique investment opportunity offered by the Maat Group, trusted experts in high-value property investment and property syndicates all over New Zealand. The Cameron Road Property Investment Ltd, found on 306 Cameron Road, Tauranga, is currently accepting applications from those interested in investing in commercial property.

This property has a *projected pre-tax cash return of 7.8%, paid monthly, and has 457 share parcels of $50,000 offered as an Equity Investment.

Be a part of Tauranga’s rapid and exciting commercial growth and visit the Maat Group website today for more information on this unique property investment opportunity.