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BUILDING » iLine Construction
December 2016
Business North
Business hub breaks new ground Karen Phelps It’s the first business hub of its kind to be built in the inner city of Rotorua and one of the developers Tony Bradley says that the recently completed Lakesyde Business Centre is something the city is more than ready for. “Rotorua is changing and businesses are wanting to move into high end developments with good facilities and car parking recognizing it reflects the professionalism of their own business,” he says. Tony, who owns TPB Properties, is no stranger to property developing but Lakesyde Business Centre is the first project he’s undertaken in partnership with his parents – Paul and Jenny, also well-known Rotorua based property developers. Paul and Jenny have owned the site on which the development is situated for over two decades but it was Tony who instigated the Lakesyde Business Centre project after seeing the potential for a smart inner city office development. He put a plan together and approached his parents, then took the reigns of the project which is due for completion at the end of November. “Because the land has been owned by our family for such a long time we wanted to do something on the site we could be really proud of. We could have simplified the building and done things more economically but we wanted to create something that people would notice as they drove past,” he explains. Designed by Darryl Church Architecture, which Tony has worked with on a number of development projects before, the Lakesyde Business Centre has been built by iLine Construction over two levels in Whakaue Street. Facing the Novotel Rotorua Lakeside the Lakesyde Business Centre is split into three main buildings and offers 70 car parks. Several flats were demolished to make way for the development and extensive geotechnical and civil works took place before the building works commenced to result in an A grade building. The 3000 square metre building is predominantly concrete and steel with eye catching timber details and louvres. Eight tenancy spaces range from 150 square metres up to 660 square metres with a foyer area and lift service to the first floor. A Lone Star restaurant and bar is located on the ground floor with outside decking looking towards the lake. Most tenancies have already been taken but a 300 square metre space is under negotiation leaving just a 660 square metre tenancy still available, says Tony.
The Lakesyde Business Centre is the first business hub of its kind to be built in the Rotorua CBD.
“Because the land has been owned by our family for such a long time we wanted to do something on the site we could be really proud of.” TPB Properties has previously developed the Redwood Centre, which is about three kilometres east of the central business district and comprises 14 shops and the shopping centre in Fairy Springs Road, which comprises 10 shops occupying 6300 square metres on the corner of Old Quarry Road and Fairy Springs Road overlooking State Highway 5 on the main route in and out of Rotorua from
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Auckland and Tauranga. Lakesyde Business Centre is Tony’s first project in central Rotorua. “It was nice to do something with family on this prime site,” he says. “And it’s certainly very satisfying to see the project nearly completed and looking so good.” At the same time TPB Properties has been undertaking a development at 1105 Arawa Street,
which is now complete and tenanted to Tomkins Wake lawyers and infrastructure consultancy firm Opus NZ. Tony admits it is gratifying to see a site transformed from older buildings into something that the tenants and city can be proud of. He says that the Rotorua property market has been experiencing strong growth on the back of the booming Auckland market but he’s unsure of what his next project will be. “A few people have asked me that but it’s been a busy time so it wouldn’t worry me if I sat back and relaxed for a little bit,” he says with a laugh. “I have other sites I can develop so I’ll wait and see what’s next.”
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