The Warehouse Te Rapa stake sold
TWL announced the sale of it’s share in “The Base – Te Rapa” today. This project, on land which was formerly an Air Force Base, has been the work of many but I must congratulate Property Development Manager Murray Smith who pulled it together. He lived “The Base” and was great to work with on the little I had to do with it.
Warehouse offloads Te Rapa stake to Tainui - NZ Herald
“A Warehouse spokesperson said The Base was the largest development joint venture the company had been involved in, although it had jointly developed many other properties.
The Base had been a successful venture for The Warehouse, which had achieved its goal of supporting Tainui to develop a successful centre, and of having a store trading in the centre.”
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