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Bay of Plenty Business News March/April 2017

From mid-2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This new publication reflects the region’s growth and importance as part of the wider central North Island economy.

From mid-2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This new publication reflects the region’s growth and importance as part of the wider central North Island economy.

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18 BAY OF PLENTY BUSINESS NEWS <strong>March</strong>/<strong>April</strong> <strong>2017</strong><br />

Tauranga hosts investor migrants<br />

to highlight local opportunities<br />

Investor migrants can make a significant<br />

contribution to New Zealand’s economic<br />

transformation through their business<br />

experience, international connections and<br />

financial capital.<br />

They are highly sought<br />

after internationally and<br />

competition for them is<br />

fierce.<br />

Priority One strategic<br />

projects manager, Greg<br />

Simmonds, says it’s important<br />

that New Zealand grow<br />

more internationally connected<br />

firms.<br />

“This means that many<br />

New Zealand companies need<br />

business contacts, knowledge<br />

and financial capital to expand<br />

and develop into innovative,<br />

productive and globally competitive<br />

firms.<br />

“All <strong>of</strong> these components<br />

can come from investor<br />

migrants,” he says.<br />

During February Priority<br />

One partnered with member<br />

businesses ANZ Private and<br />

Crowe Horwath to host 12<br />

investor migrants to Tauranga.<br />

The day included a bus<br />

tour <strong>of</strong> the Tauriko <strong>Business</strong><br />

Estate and Lakes residential<br />

development and visits to Port<br />

<strong>of</strong> Tauranga and Newnham<br />

Innovation Park at Te Puna.<br />

The group also toured a<br />

kiwifruit orchard, visited<br />

the University <strong>of</strong> Waikato’s<br />

Coastal Marine Field Station<br />

and ended the day with a<br />

mayoral function at Tauranga<br />

Club.<br />

Greg says the purpose<br />

<strong>of</strong> the day was to welcome<br />

migrant investors to Tauranga<br />

and the Western <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>,<br />

connect them with appropriate<br />

networks and discuss topics <strong>of</strong><br />

mutual interest.<br />

“We were able to showcase<br />

the region’s growth story<br />

and key industry sectors, and<br />

introduce the investors to<br />

potential opportunities that<br />

encourage the use <strong>of</strong> their<br />

skills, capital and networks<br />

for the benefit <strong>of</strong> the sub-region,”<br />

said Greg.<br />

<strong>Bay</strong>leys – the stress free way<br />

to manage property<br />

<strong>Bay</strong>leys commercial property<br />

management division<br />

has seen an increased<br />

number <strong>of</strong> retirees looking to<br />

put their property portfolios<br />

into pr<strong>of</strong>essional property management.<br />

The motivation being<br />

the realisation that they need<br />

to release themselves from the<br />

stress <strong>of</strong> dealing with tenants<br />

and leasing issue. The idea <strong>of</strong><br />

using their retirement years to<br />

travel and enjoy the benefits <strong>of</strong><br />

their working lives becomes a<br />

reality and leaving their investments<br />

under management will<br />

help make this a more enjoyable<br />

reality and ensure the rents,<br />

outgoings and maintenance are<br />

taken care <strong>of</strong>.<br />

Another more important<br />

motivation for landlords is the<br />

health and safety reforms and<br />

the significant implications <strong>of</strong><br />

these on owner/landlords has<br />

become a reality with the introduction<br />

<strong>of</strong> the Health and Safety<br />

at Work Act 2015. Landlords’<br />

respective duties will be wider<br />

than those which are prescribed<br />

in the lease.<br />

Undertaking risk assessments,<br />

consultation with tenants<br />

and implementation <strong>of</strong><br />

procedures to ensure landlords<br />

have discharged their health<br />

and safety obligations are not<br />

for the uninitiated and is an<br />

ongoing requirement under the<br />

Act.<br />

<strong>Bay</strong>leys commercial agent<br />

Lloyd Davidson has seen the<br />

rise <strong>of</strong> small investment syndicates<br />

(made up <strong>of</strong> not only<br />

pr<strong>of</strong>essional groups <strong>of</strong> people)<br />

who pool their resources to take<br />

advantage <strong>of</strong> the commercial<br />

investment property returns.<br />

With interest rate returns being<br />

as low as they have been for the<br />

past number <strong>of</strong> years, returns are<br />

forecast to remain strong. Lloyd<br />

sees the hands <strong>of</strong>f approach as<br />

allowing those owners the ‘all<br />

is good’ environment provided<br />

by pr<strong>of</strong>essional management.<br />

These investors see the value in<br />

using the knowledge, expertise<br />

and financial reporting <strong>of</strong> pr<strong>of</strong>essional<br />

property management.<br />

How nice …the do’s and<br />

the don’ts ticked and in place<br />

…..excellent peace <strong>of</strong> mind.<br />

Horticulture industry celebrates<br />

unprecedented growth<br />

New Zealand’s export earnings from<br />

horticulture have grown 40 percent<br />

since 2014. The strong results are highlighted<br />

in Horticulture New Zealand and the<br />

New Zealand Horticulture Export Authority<br />

(HEA)’s report, ‘New Zealand Horticulture –<br />

Barriers to Our Export Trade’.<br />

With export revenue just under $5 billion,<br />

horticulture is our fourth largest export<br />

industry and employs 60,000 people in New<br />

Zealand.<br />

Primary Industries Minister Nathan Guy<br />

says, “The report highlights that tariffs on<br />

exported produce have come down by 22<br />

percent since 2012, which is good news but<br />

there is still more to be done. Reducing tariffs<br />

and non-tariff barriers are a big priority for<br />

the government.”<br />

To download the executive summary from<br />

the report, visit www.priorityone.co.nz/vdb/<br />

document/1167.<br />

Commercial<br />

Property<br />

Management<br />

<strong>Bay</strong>leys Commercial Property Management covers both commercial<br />

and industrial across the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> and New Zealand. Situated<br />

in the middle <strong>of</strong> what is considered to be the Golden Triangle <strong>of</strong><br />

investment property is our results driven team.<br />

We understand that to maximise the return on your property<br />

you need:<br />

Pr<strong>of</strong>essional property management<br />

A business partner that understands your investment,<br />

views and goals<br />

At <strong>Bay</strong>leys, we believe<br />

relationships are what<br />

businesses are built<br />

on and how they<br />

succeed.<br />

SPEAK TO BAYLEYS TODAY<br />

Jan Cooney<br />

Commercial Property Manager<br />

B 07 579 0609 M 027 408 9339<br />

jan.cooney@bayleys.co.nz<br />

Brodie Thomas<br />

Commercial Property Management Assistant<br />

B 07 579 0608<br />

brodie.thomas@bayleys.co.nz<br />

247 Cameron Road,<br />

Tauranga<br />

Success Realty Ltd, <strong>Bay</strong>leys,<br />

Licensed Under The REA Act 2008

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