Bay of Plenty Business News February/March 2017

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4 BAY OF PLENTY BUSINESS NEWS February/March 2017 Publisher Alan Neben Ph: (07) 838 1333 Mob: 021 733 536 Email: alan@wbn.co.nz Sales director Deidre Morris Ph: (07) 838 1333 Mob: 027 228 8442 Email: deidre@wbn.co.nz Editor Geoff Taylor Ph: (07) 838 1333 Mob: 022 694 1595 Email: geoff@wbn.co.nz Production Manager Tania Hogg Ph: (07) 838 1333 Email: production@wbn.co.nz ADVERTISING INQUIRIES Please contact: Sales manager Jody Anderson Ph: (07) 838 1333 Mob: 027 236 7912 Email: jody@bopbusinessnews.co.nz Account manager Daphne Keller Ph: (07) 552 6273 Mob: 027 552 6283 Email: daphne@bopbusinessnews.co.nz ELECTRONIC FORWARDING Editorial: News releases/Photos/Letters: geoff@wbn.co.nz Production: Copy/Proofs: production@wbn.co.nz Subscriptions: kim@wbn.co.nz Waikato Business Publications Ltd specialises in business publishing, advertising, design and print media services. Bay of Plenty Business News has a circulation of 8000, distributed throughout the Bay of Plenty between Waihi and Opotiki including Rotorua and Taupo, and to a subscription base. WaikatoBusiness PUBLICATIONS 12 Mill Street, Hamilton PO Box 1425, Hamilton, 3240. Ph: (07) 838 1333 Fax: (07) 838 2807 | www.wbp.net.nz www.bopbusinessnews.co.nz From the editor This month’s Bay of Plenty Business News features stories from Tauranga and Rotorua demonstrating the scale of growth going on, but also some of the challenges that go with that growth. Tauranga is now New Zealand’s fifth largest city and the expansion shows no sign of slowing with extra impetus coming from the signing with Government late last year of a Housing Accord. The Housing Accord is an important means for council to address the lack of affordable housing which has become an unfortunate by-product of the housing boom. The accord won’t be a silver bullet but over time it will at least ensure there is sufficient housing supply to meet the demand. Meanwhile this month we also feature Pukeroa Oruawhata Trust’s $200 million lakefront spa and hotel which will build on the city’s reputation as an international spa and wellness location. It is just one of many significant projects lined up for Rotorua this year. But the onus will also be on Rotorua Lakes Council to ensure infrastructure - such as new roading to reduce congestion issues - also remains a major focus. Geoff Taylor Editor Property management – perfect for out of town investors In the last issue of Bay of Plenty Business News I briefly touched on the reasons as to why property owners should consider commercial property management. This article will focus on examples of why owners have made the transition to professional property management for their commercial investments. Out of town investors purchase investments outside the cities or towns that they live and would usually invest in often to provide them with more opportunities and more favourable yields. Managing a property under these circumstances can be very daunting. More often than not owners do not have any knowledge or relationship with local contractors when issues arise with tenants and the building. Having no relationship with local contractors leaves landlords open to poor advice, poor workmanship and over charging. Without that preferred contractor relationship a lack of response times on urgent matters can arise. Owners start to realise that the distance between them and their investment property leaves them vulnerable to issues arising that they are either unaware of or cannot keep a close watch on. Once investors have settled into the benefits of having a property professionally managed many are deciding to bring their other properties into the management portfolio to ensure their house is in order should ill health strike. Sudden death or long-term illness is stressful enough for families without having to try and take over management of their loved one’s investment portfolio. They believe this will create panic and stress for their already struggling family members. Professional management will keep the properties running smoothly, income coming in and data and accounts readily accessible for family members, accountants and lawyers. Is now the time to start thinking commercial property management? Jan Cooney, commercial property manager at Bayleys Tauranga. Phone 027 408 9339 / www. bayleys.co.nz Commercial Property Management Bayleys Commercial Property Management covers both commercial and industrial across the Bay of Plenty and New Zealand. Situated in the middle of what is considered to be the Golden Triangle of investment property is our results driven team. We understand that to maximise the return on your property you need: Professional property management A business partner that understands your investment, views and goals At Bayleys, we believe relationships are what businesses are built on and how they succeed. SPEAK TO BAYLEYS TODAY Jan Cooney Commercial Property Manager B 07 579 0609 M 027 408 9339 jan.cooney@bayleys.co.nz Brodie Thomas Commercial Property Management Assistant B 07 579 0608 brodie.thomas@bayleys.co.nz 247 Cameron Road, Tauranga Success Realty Ltd, Bayleys, Licensed Under The REA Act 2008
BAY OF PLENTY BUSINESS NEWS February/March 2017 5 Business Hub | Tauranga GIVING EMAC ELECTRICAL A POWERFUL BUSINESS ADVANTAGE EMAC Electrical‘s Marty Forsman doesn’t lug around a van load of manuals when servicing kiwifruit cool store machinery any more. He gets all the details he needs straight from his trusty tablet. His local Business Hub Manager, Sue Dyke, also checks in with him regularly to make sure he’s getting the best value and support, to help him make the most of his new tools for the trade. Read the full story at spark.co.nz/taurangabusinesshub TALK TO US AT SPARK BUSINESS HUB TAURANGA. WE’RE LOCAL LIKE YOU. 0800 482 842 info@hubtauranga.co.nz SPA1951_TAU
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Page 7 and 8: The investment year ahead The start
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Bay of Plenty Business News February/March 2017

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