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Waikato Business News April/May 2023

Waikato Business News has for a quarter of a century been the voice of the region’s business community, a business community with a very real commitment to innovation and an ethos of co-operation.

Waikato Business News has for a quarter of a century been the voice of the region’s business community, a business community with a very real commitment to innovation and an ethos of co-operation.

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APRIL/MAY <strong>2023</strong><br />

VOLUME 31<br />

ISSUE 4<br />

READ ONLINE AT<br />

http://www.wbn.co.nz<br />

/<strong>Waikato</strong><strong>Business</strong><strong>News</strong><br />

The <strong>Waikato</strong> region’s voice of local business<br />

THE IMPACT OF AI<br />

How will AI impact your business and is it coming for your<br />

job? University of <strong>Waikato</strong>’s Professor reckons there is<br />

nothing to fear. - PAGE 11<br />

THE BUSINESS OF ART<br />

Pounamu Wharekawa is an emerging artist on the rise<br />

who is making a big impact on Hamilton’s cityscape.<br />

- PAGE 15<br />

PROPERTY AND DEVELOPMENT<br />

Hamilton’s CBD is looking better every day with landmark<br />

builds attracting businesses and bringing vibrancy<br />

to the city. - PAGE 17<br />

WCL Group delivers over 20 years<br />

of quality painting and plasterboard services<br />

Widely known as the painting and plasterboard professionals,<br />

WCL are highly respected within the construction industry for<br />

providing a quality and professional service across the <strong>Waikato</strong>.<br />

CONTINUED ON PAGE 4<br />

Everyone’s investment story is different.<br />

We can help you with yours.<br />

Visit us at our new address:<br />

Level 2, 32 Hood Street, Hamilton<br />

P: 07 838 1818 | E: hamilton@craigsip.com<br />

craigsip.com<br />

Craigs Investment Partners Limited is a NZX Participant firm. The Craigs Investment Partners Limited Financial Advice Provider Disclosure Statement can be viewed at<br />

craigsip.com/tcs. Please visit craigsip.com.


WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong><br />

2 WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong><br />

CEO skydiving to<br />

support cancer care<br />

in the community<br />

W<br />

ith 72 New<br />

Zealanders being<br />

diagnosed with<br />

cancer every day at a time of<br />

mounting pressure on healthcare<br />

services, it’s an issue that<br />

affects the whole community.<br />

Cancer Society <strong>Waikato</strong>/Bay<br />

of Plenty CEO, Helen Carter,<br />

says now is the time to turn<br />

the tide and is calling on businesses<br />

to get behind her as she<br />

makes the ultimate jump for<br />

cancer.<br />

“While the thought of<br />

jumping out of a plane makes<br />

me ‘jump out of my skin’ in<br />

terror, it pales in comparison<br />

to the grit, courage and<br />

determination of those I’ve<br />

met with cancer that keep<br />

fighting,” says Helen.<br />

Jump For Cancer is a<br />

fundraiser that raises money<br />

to support Cancer Society<br />

services in the <strong>Waikato</strong> and<br />

Bay of Plenty.<br />

The Cancer Society is 100%<br />

community funded and relies<br />

on donations from the public<br />

to run its services at no cost to<br />

its clients. These include oneon-one<br />

supportive care from<br />

experienced nurses, regular<br />

support groups, access to wellbeing<br />

grants and counselling,<br />

transport to treatment and<br />

accommodation at the Cancer<br />

Cancer Society CEO Helen Carter<br />

Society’s Lions Lodge close to<br />

<strong>Waikato</strong> Hospital.<br />

“I can’t understate what<br />

a difference the funds we<br />

raise will mean to our local<br />

community who rely on the<br />

practical support we offer.<br />

“Hearing how much our<br />

work is valued inspires me to<br />

keep fighting for funding and<br />

if that means jumping out of a<br />

plane and hopefully inspiring<br />

others, I’ll do it.”<br />

Helen is urging businesses<br />

in the community to support<br />

her jump and says she would<br />

love to see other CEOs take on<br />

the challenge with her.<br />

Jumps take place in either<br />

Tauranga on Saturday 20<br />

<strong>May</strong> and Taupō on Saturday<br />

Please make this<br />

jump count by<br />

supporting me and<br />

donating to the<br />

Cancer Society. Or<br />

join me and we can<br />

jump for cancer<br />

together!<br />

27 <strong>May</strong> and are free for<br />

participants once $1000 has<br />

been fundraised.<br />

To donate or sign up, visit<br />

jumpforcancer.org.nz/<br />

At Bayleys, we believe relationships are<br />

what businesses are built on and how they<br />

succeed. We understand that to maximise<br />

the return on your property you need:<br />

Professional property management<br />

A business partner that understands<br />

your views and goals<br />

Contact the Bayleys <strong>Waikato</strong> Commercial<br />

Property Management team today.<br />

Jan Cooney<br />

Head Commercial Property Management -<br />

<strong>Waikato</strong>, Bay of Plenty and Taranaki<br />

027 408 9339<br />

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

David Cashmore<br />

Bayleys Commercial Manager - <strong>Waikato</strong><br />

021 943 305<br />

david.cashmore@bayleys.co.nz<br />

Gert Maritz<br />

Senior Facilities Manager - <strong>Waikato</strong><br />

027 230 2514<br />

gert.maritz@bayleys.co.nz<br />

Darren Rule<br />

Senior Facilities Manager - Bay of Plenty & Taranaki<br />

027 214 1631<br />

darren.rule@bayleys.co.nz<br />

SUCCESS REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008<br />

ALTOGETHER BETTER<br />

Residential / Commercial / Rural / Property Services


WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong> 3<br />

Traffic count estimation made easy<br />

Enhanced software boosts productivity.<br />

Company-X has<br />

enhanced the world’s<br />

first national transport<br />

quality assurance tool to<br />

help improve evidence-based<br />

decision making across the<br />

sector.<br />

The <strong>Waikato</strong> software<br />

specialist has added a Traffic<br />

Count Estimation (TCE)<br />

module to Transport Insights.<br />

Company-X designed and<br />

developed the TCE module<br />

for use by Waka Kotahi NZ<br />

Transport Agency, city, and<br />

district councils on behalf<br />

of client Te Ringa Maimoa<br />

Transport Excellence<br />

Partnership.<br />

“The Transport Insights<br />

TCE module provides a more<br />

consistent way for councils to<br />

estimate the traffic volumes on<br />

their roads,” said Company-X<br />

business analyst Bryan Miles.<br />

The module is based on the<br />

Traffic Monitoring Estimation<br />

Best Practice Guidelines<br />

published by the Institute<br />

of Public Works Engineers<br />

Australia NZ (IPWEA NZ)<br />

Roading Infrastructure<br />

Management Support (RIMS)<br />

special interest group.<br />

Miles shared details of<br />

These estimates<br />

are extremely<br />

important for<br />

planning what<br />

road work<br />

needs to be<br />

done where and<br />

when.<br />

the module with the sector at<br />

the Roading Infrastructure<br />

Management Support (RIMS)<br />

Forum in Christchurch in<br />

March.<br />

Traffic estimation feeds<br />

into various aspects of roading<br />

network management and<br />

planning. Estimating the<br />

traffic count across a roading<br />

network was challenging.<br />

Road Controlling Authorities<br />

(RCAs) used various manual,<br />

and thus labour intensive,<br />

error prone processes to<br />

estimate traffic counts.<br />

Handling thousands of rows of<br />

data in one spreadsheet means<br />

there is a much higher chance<br />

Insightful - Waipa District Council Asset Information Officer Kim Wright uses Transport Insights.<br />

of putting the wrong value in<br />

a cell or copying the wrong<br />

formula to a cell.<br />

The TCE module removes<br />

manual analysis, resulting in<br />

a more consistent result across<br />

the network.<br />

“If I had to put an amount<br />

of time saved by using the<br />

tool, I would say it was in<br />

the two-to-three-month<br />

realm,” said Waka Kotahi NZ<br />

Transport Agency Road Asset<br />

Information Specialist Simon<br />

Chu.<br />

“Taking the process away<br />

from a manual to a more<br />

automated process means<br />

there’s a much lower chance of<br />

errors.”<br />

Te Ringa Maimoa, formerly<br />

the Road Efficiency Group, is a<br />

joint initiative between Local<br />

Government New Zealand and<br />

Waka Kotahi. It has partnered<br />

with Company-X since 2015.<br />

Waipa District Council<br />

Asset Information Officer -<br />

Transport Kim Wright said:<br />

“Transport Insights helps us<br />

make better asset management<br />

decisions.”<br />

Company-X helps councils<br />

migrate to new data<br />

standard<br />

Company-X is also<br />

working closely with<br />

Waka Kotahi NZ<br />

Transport Agency to help<br />

councils migrate to the new<br />

Asset Management Data<br />

Standard (AMDS).<br />

Without a national data<br />

standard Waka Kotahi and 68<br />

Road Controlling Authorities<br />

including the Department<br />

of Conservation, have an<br />

inconsistent approach to data<br />

capture and definition across<br />

the transport sector.<br />

AMDS enforces a tighter<br />

level of control on data that is<br />

loosely defined. The tightening<br />

of constraints means those<br />

datasets need updating to<br />

comply with the standard,<br />

leading to more consistent use<br />

across the roading sector.<br />

Company-X worked with<br />

the AMDS Programme at<br />

Waka Kotahi to help define<br />

the standard, providing<br />

critical advice ensuring the<br />

standard was implementable<br />

at Waka Kotahi and the<br />

68 RCAs. Company-X was<br />

also intimately involved in<br />

prototype migrations and<br />

resolved many issues which<br />

fed back into changes to the<br />

standard.<br />

Data standards are<br />

documented agreements<br />

on representation, format,<br />

definition, structuring, tagging,<br />

transmission, manipulation,<br />

use, and management of data.<br />

Waka Kotahi consulted<br />

with Company-X’s transport<br />

sector subject matter experts<br />

Jeremy Hughes and Nigel<br />

Lynton as AMDS was defined.<br />

Between 1992 and 2014<br />

Company-X co-founder and<br />

director Hughes worked<br />

with Lynton on the business<br />

analysis, data design and<br />

modelling of Thinkproject’s<br />

Road Assessment and<br />

Maintenance Management<br />

(RAMM) database. Their<br />

combined quarter century of<br />

experience not only gave them<br />

an unparalleled knowledge of<br />

RAMM’s data design but an<br />

essential grasp of the purpose<br />

and goal of that design.<br />

Te Ringa Maimoa Transport<br />

Excellence Partnership also<br />

consulted with Company-X<br />

on how to include minor<br />

structures in the standard.<br />

Company-X also assisted<br />

with the AMDS prototype<br />

migration. The project tested<br />

migration of real-world data to<br />

the standard. It also validated<br />

the ability to implement<br />

the standard across the NZ<br />

roading sector including RCAs,<br />

maintenance contractors<br />

and professional engineering<br />

services.<br />

Hughes’ team at Company-X<br />

developed toolsets to enable<br />

automated rapid migration to<br />

AMDS and testing.<br />

Company-X’s automated<br />

toolsets interrogate the data in<br />

RAMM and, in the migration<br />

process, ensures it has the right<br />

structure and is migrated to the<br />

right location.<br />

“AMDS is starting to have<br />

real impact on how we are<br />

thinking and working,” said<br />

Wellington City Council’s<br />

Pamela Brown.<br />

“We are preparing for<br />

the implementation into our<br />

database and already planning<br />

how it will enable us into digital<br />

engineering.<br />

“AMDS is just in time for<br />

us as we support the data<br />

and information needs of the<br />

large, complex, and ambitious<br />

Let’s Get Wellington Moving<br />

projects. The interest and<br />

support from across the sector<br />

is fantastic as we make the<br />

changes we need for a new way<br />

of working.”


WCL Group delivers over<br />

20 years of quality painting<br />

and plasterboard services<br />

in the <strong>Waikato</strong><br />

Proudly family-owned and operated, WCL Group<br />

having been around for over 20 years providing<br />

professional painting services and now plasterboard<br />

service across the <strong>Waikato</strong>.<br />

idely known as the painting<br />

and plasterboard<br />

professionals, WCL are<br />

highly respected within the construction<br />

industry for providing a quality and<br />

professional service.<br />

They place a big emphasis on family with<br />

two generations currently working in the<br />

company, bringing a range of talents to<br />

the business.<br />

Hamish Wilton a qualified quantity<br />

surveyor, started out in the building<br />

industry at 25 and then took up a role<br />

managing a local painting company.<br />

By 1987 Hamish and wife Janice had set<br />

up a painting business in partnership<br />

with others in the trade, before finally<br />

going it alone in 1999 when they<br />

established Wilton Contracting Limited.<br />

We can now offer<br />

factory coatings<br />

from everything<br />

from doors through<br />

to pre coating<br />

cladding before it<br />

heads to site and<br />

are prepared to<br />

scale this side of<br />

their operation up<br />

to suit demand.<br />

From left to right: Luke Orr, Mike Young, Hamish Wilton & Tim Wilton.<br />

QUALITY PAINTERS & PLASTERBOARD CONTRACTORS<br />

EXCEEDING EXPECTATIONS IN HAMILTON AND ACROSS WAIKATO<br />

WCL Group Ltd<br />

41 Mckee Street, Pukete, Hamilton


We control such a significant number of key trades,<br />

which has proven to be worthwhile for all our clients<br />

and suppliers.<br />

Always looking for ways to innovate,<br />

WCL have introduced, and continue to<br />

add, products and services that deliver<br />

the best possible service and results to<br />

their loyal clients.<br />

Most recently the team have added WCL<br />

Ceiling Battens to their suite of services<br />

and built a customised spray booth at<br />

their Pukete premises.<br />

WCL Stop the World is the Ceiling<br />

Batten, Plasterboard Supply and<br />

Installation and GIB Stopping side of the<br />

business and general manager and<br />

director Mike Young is excited about the<br />

future for the group. “Being new to the<br />

business is very exciting and we have<br />

already grown and achieved so much,”<br />

he says.<br />

“While Mike is not family, he is as good<br />

as having had known him for some 20<br />

years. He is a very welcome addition to<br />

our group and with his previous<br />

experience from the construction<br />

industry and police he brings a unique<br />

skill set to the table,” Hamish says.<br />

Having a staff of over 100 employees all<br />

based in the <strong>Waikato</strong> allows WCL the<br />

advantage to offer its full range of<br />

services to their client across the region.<br />

With providing quality work top priority,<br />

WCL introduced the installation of the<br />

ceiling battens to allow better control of<br />

the complete interior envelope of the<br />

project.<br />

Tim Wilton and Luke Orr, joint<br />

managing directors of Wilton<br />

Contracting, have worked hard to<br />

establish the business to operate at scale<br />

and provide high quality work.<br />

Tim, son and nephew Luke have worked<br />

together and are proud to have recently<br />

launched their customised spray booth<br />

WCL Factory Coatings.<br />

The internal spray booth measures<br />

19-metres by six-metres and it’s one of<br />

the biggest in-house booths in New<br />

Zealand and the only one in the <strong>Waikato</strong>.<br />

“We've invested the money into the right<br />

machinery so we can save time onsite,<br />

save in scaffolding costs and it just<br />

makes the whole job move a lot quicker,”<br />

Tim says.<br />

“We can now offer factory coatings from<br />

everything from doors through to pre<br />

coating cladding before it heads to site<br />

and we are prepared to scale this side of<br />

the operation up to suit demand.”<br />

The painting operation through to paint<br />

touch-ups and maintenance is Tim’s role.<br />

This is something he oversees with the<br />

help of his two supervisors.<br />

Tim is responsible for quality control and<br />

day-to-day supervision of staff and<br />

contractors, and he is always looking to<br />

improve the painting side of the<br />

business.<br />

“WCL Group has a strong focus on the<br />

future to ensure we meet market demands<br />

and we are always looking for new<br />

innovative ways to develop the business,”<br />

Luke says.<br />

WCL believe their model is far more than<br />

just getting the job done, it’s<br />

professionalism, presentation, client<br />

liaison and their unique maintenance<br />

model that sets them apart from the rest.<br />

“We were the first ones to have a<br />

designated touch-up team. We accept it as<br />

part of our costs. We understand what the<br />

builder has to do to get their product across<br />

the line,” Tim says.<br />

Hamish says he is now very content and<br />

excited for the future of WCL Group with<br />

the management structure in place, as he<br />

now begins his retirement journey with<br />

wife Janice, while still remaining involved<br />

and he looks forward to watching the<br />

business grow and develop.<br />

WCL have gone from<br />

strength to strength with<br />

regards to initiative and<br />

volume of work, they are a<br />

well organised operation<br />

and contribute hugely to the<br />

industry,”<br />

testimony from WCL’s plasterboard supplier.<br />

PHONE: 07 849 4818<br />

www.wclgroup.co.nz


QUALITY PAINTERS & PLASTERBOARD CONTRACTORS<br />

EXCEEDING EXPECTATIONS IN HAMILTON AND ACROSS WAIKATO<br />

WCL Group Ltd<br />

41 Mckee Street, Pukete, Hamilton


Resene has been a long term<br />

partner to Wilton Contracting<br />

and we look forward to<br />

continuing this mutually<br />

rewarding relationship well<br />

into the future.<br />

PHONE: 07 849 4818<br />

www.wclgroup.co.nz


8 WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong><br />

Attracting international business,<br />

events and leisure travellers<br />

Following another unusual tourism<br />

summer season, Hamilton & <strong>Waikato</strong><br />

Tourism (HWT) and our operators are<br />

now in the thick of the ‘trade season’<br />

– when we actively market the Mighty<br />

<strong>Waikato</strong> to the world.<br />

‘Trade season’ refers to the<br />

time of year when we market<br />

and sell our region, products,<br />

services and new visitor<br />

experiences to the travel trade<br />

– wholesalers, inbound tour<br />

operators, travel agents and<br />

online retailers. The travel<br />

trade plays a significant role in<br />

attracting international visitors<br />

to New Zealand and the<br />

<strong>Waikato</strong> region by encouraging<br />

travelers to spend more time<br />

exploring what we have to offer.<br />

Following the pandemic,<br />

independent travellers are<br />

still organising and planning<br />

their own trips directly online,<br />

however the travel trade<br />

remains important in reaching<br />

larger numbers of potential<br />

international visitors, particularly<br />

in our long-haul markets<br />

such as Europe, United States,<br />

Canada, China, Japan and<br />

South America, plus our number<br />

one visitor market, Australia.<br />

By establishing relationships<br />

with key operators and<br />

agencies, and engaging a mix of<br />

distribution partners, we help<br />

our region and tourism operators<br />

tap into an effective channel<br />

to market and reach target<br />

consumers.<br />

At the same time, our team<br />

are engaging with the conference,<br />

meetings, events, exhibition<br />

and travel incentive sector,<br />

talking about the benefits of<br />

meeting and doing business in<br />

the Mighty <strong>Waikato</strong>.<br />

The business event and<br />

convention market is key to<br />

the continued success of our<br />

region. Not only do conference<br />

delegates spend more than the<br />

leisure traveller but evidence<br />

also indicates they are likely to<br />

return for a holiday with family<br />

and friends if they have a favorable<br />

experience while attending<br />

their conference.<br />

The expo will<br />

attract hundreds<br />

of buyers from<br />

across the globe<br />

ranging from<br />

established<br />

markets like<br />

Australia, the<br />

USA, UK as well<br />

as emerging<br />

tourism markets.<br />

Key events that form foundations<br />

for this time of year<br />

include the eXplore trade show<br />

being held in Auckland, TRENZ<br />

(Tourism Rendezvous New<br />

Zealand) in Christchurch and<br />

MEETINGS in Wellington.<br />

The eXplore show is one<br />

of the largest trade events for<br />

NZ-based inbound tour operators,<br />

wholesalers and travel<br />

agents. This year’s event was<br />

the first back since 2019 due<br />

to the pandemic and included<br />

more than 100 tourism businesses<br />

from across the Central<br />

North Island exhibiting their<br />

experiences, accommodation<br />

and tours to over 180 travel<br />

trade representatives.<br />

Joining HWT from the<br />

Mighty <strong>Waikato</strong> were 11 operators<br />

including Hobbiton Movie<br />

Set, Discover Waitomo, Sanctuary<br />

Mountain Maungatautari,<br />

Riverside Adventures, Hamilton<br />

Gardens, Novotel Tainui<br />

Hamilton, Castaways Resort,<br />

The Red Barn, Cornerstone<br />

Alpaca, Spellbound Waitomo<br />

and Hidden Lake Hotel.<br />

This show is a key activity of<br />

Explore Central North Island<br />

(ECNI) which is a marketing<br />

collective of eight regions<br />

including Hauraki-Coromandel,<br />

Bay of Plenty, Tairawhiti-Gisborne,<br />

Hawke’s Bay,<br />

Ruapehu, Great Lake Taupo,<br />

Rotorua, and Hamilton &<br />

<strong>Waikato</strong>. We work together to<br />

actively promote our regions<br />

and experiences to international<br />

tourism trade – a strong<br />

force which positions the best<br />

of the North Island.<br />

After four years, the most<br />

significant international business-to-business<br />

travel trade<br />

event on New Zealand’s tourism<br />

events calendar, TRENZ, is<br />

returning.<br />

The expo will attract hundreds<br />

of buyers from across the<br />

globe ranging from established<br />

markets like Australia, the USA,<br />

UK as well as emerging tourism<br />

markets. Each exhibitor will<br />

undertake over 50 15-minute<br />

meetings over three days.<br />

Trade ready operators in<br />

attendance alongside HWT<br />

include Hobbiton Movie Set,<br />

Discover Waitomo, Waitomo<br />

Adventures, Roselands Resort,<br />

Hamilton Gardens, and The<br />

Red Barn.<br />

MEETINGS is the only<br />

national tradeshow in New<br />

Zealand for the business events<br />

industry.<br />

Held in June each year, this<br />

two-day event brings together<br />

hundreds of buyers and sellers<br />

of conference and incentive<br />

travel, from across NZ, Australia<br />

and further afield to grow<br />

mutual business events opportunities<br />

and share knowledge<br />

and ideas.<br />

The Mighty <strong>Waikato</strong> will<br />

be there in force in <strong>2023</strong> with<br />

Claudelands Conference &<br />

Exhibition Centre, Novotel<br />

Tainui Hamilton, Discover<br />

Waitomo, Hamilton Gardens,<br />

Hobbiton Movie Set, Jet Park<br />

TELLING<br />

WAIKATO’S STORY<br />

BY NICOLA GREENWELL<br />

Chief Executive,<br />

Hamilton & <strong>Waikato</strong> Tourism<br />

Hotel Hamilton Airport, The<br />

Red Barn and our HWT business<br />

events team all attending.<br />

Feedback from the travel<br />

trade and business events buyers<br />

continues to be positive<br />

about the Mighty <strong>Waikato</strong> as<br />

they are excited to build or<br />

renew relationships, hear about<br />

the new products and experiences<br />

emerging across our<br />

region. Our region is well positioned<br />

to take advantage of our<br />

growing popularity as a ‘mustvisit’<br />

destination on traveller<br />

itineraries and business events<br />

calendars, and we continue to<br />

work hard to maximise the positive<br />

economic and community<br />

benefits that our visitors bring<br />

to the <strong>Waikato</strong>.


WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong> 9<br />

Building Responsible Artificial Intelligence (AI)<br />

- Ensuring the Trustworthiness and Security of Enterprise Applications<br />

Responsible AI<br />

The emergence of AI is revolutionising<br />

the landscape of<br />

business operations, prompting<br />

numerous organisations<br />

to explore the potential of AI<br />

to enhance their efficiency and<br />

gain a competitive edge.<br />

As AI advancements rapidly<br />

evolve, there is an increasing<br />

need for regulations to<br />

ensure the reliability of AI systems<br />

and prevent any harm<br />

they may cause. For instance,<br />

recent news reports indicate<br />

that Samsung workers made a<br />

significant mistake by utilising<br />

ChatGPT which has now been<br />

banned in Italy due to privacy<br />

concerns.<br />

In addition to worrying<br />

about data security, individuals<br />

using AI tools, such as<br />

ChatGPT, frequently ask themselves<br />

whether the answers<br />

provided by AI that appear to<br />

be correct are actually accurate.<br />

As users, it can be challenging<br />

to discern the correctness of<br />

AI-generated answers. In certain<br />

instances, an erroneous<br />

response from AI may result in<br />

significant adverse effects.<br />

Therefore, after being dazzled<br />

by the remarkable capabilities<br />

of AI tools like ChatGPT, it<br />

seems necessary for us to take<br />

a step back and consider how<br />

to build responsible AI. Some<br />

companies, such as Microsoft,<br />

a partner of OpenAI, have proposed<br />

responsible AI principles<br />

to govern the design, building,<br />

and testing of machine learning<br />

models to ensure fairness,<br />

inclusiveness, reliability,<br />

safety, security, transparency,<br />

and accountability. Additionally,<br />

Microsoft has unveiled the<br />

Azure OpenAI service on its<br />

Azure cloud platform.<br />

The Azure OpenAI service,<br />

which provides programmatic<br />

access to OpenAI language<br />

models, is now generally available<br />

and includes support for<br />

chat interactions with the GPT<br />

model. Microsoft has integrated<br />

OpenAI models with<br />

various services, including<br />

Bing, GitHub Copilot, and Microsoft<br />

365, and is exploring the<br />

potential of using ChatGPT in<br />

enterprise-grade applications<br />

on the Azure service.<br />

Restrict information only<br />

to those who are involved<br />

Incorporating AI services such<br />

as ChatGPT in enterprise-grade<br />

applications requires stringent<br />

demands on data security and<br />

the accuracy of the AI-generated<br />

content. By using Azure<br />

OpenAI, customers can leverage<br />

the same models as OpenAI<br />

while benefiting from the<br />

security features of Microsoft<br />

Azure, such as private networking<br />

and regional availability.<br />

Microsoft said it is hosting<br />

the OpenAI models on its<br />

Azure infrastructure, and all<br />

customer data sent to Azure<br />

OpenAI remains within the<br />

service. The prompts and completion<br />

data may be stored<br />

temporarily by the Azure OpenAI<br />

Service in the same region<br />

as the resource for a maximum<br />

of 30 days. It is important to<br />

note that this data is not sent<br />

to OpenAI, and it does not use<br />

customer data to train, retrain,<br />

or improve the models in the<br />

Azure OpenAI Service.<br />

Figure 1 Source: Microsoft<br />

Moreover, to ensure data<br />

security and reliability, users<br />

can integrate Azure OpenAI<br />

service with other Azure services.<br />

For example, Microsoft<br />

demonstrated a demo where it<br />

integrated Azure OpenAI with<br />

Azure Cognitive Search service.<br />

The data of the knowledge base<br />

is stored in an Azure Cognitive<br />

Search index, which allows<br />

the implementation of various<br />

building blocks for security<br />

and filtering, such as document-level<br />

granular access control.<br />

In the demo, information<br />

about the project of an office<br />

move to enhance team collaboration<br />

is restricted to involved<br />

members only. If someone who<br />

is not involved types "Is there<br />

a move or office space change<br />

coming?", the AI-generated<br />

response will be "I don't know,"<br />

indicating that no documents<br />

are available that provide information<br />

about the project.<br />

Generate trustworthy<br />

responses and prevent<br />

abuse and harmful content<br />

Another consideration for<br />

using AI in enterprise applications<br />

is how we can make<br />

responses trustworthy and<br />

prevent abusive and harmful<br />

content. One approach to<br />

ensuring trustworthiness is to<br />

cite the resources used to generate<br />

responses. In the demo<br />

from Microsoft mentioned<br />

earlier, it provides source citations<br />

for the facts presented,<br />

users can validate the information<br />

and gain confidence in the<br />

accuracy of the response.<br />

TECH TALK<br />

BY JIADONG CHEN<br />

Jiadong Chen is a cloud<br />

architect at <strong>Waikato</strong> software<br />

specialist Company-X and<br />

a Microsoft Most Valued<br />

Professional.<br />

Iconic 3D building a first for Southern Hemisphere<br />

The first commercial building built<br />

from 3D printed concrete in the<br />

southern hemisphere has been<br />

completed in Hamilton, New Zealand.<br />

The new Creators Forest Lake building<br />

embraces indoor-outdoor flow, featuring<br />

textured concrete walls and large sliding<br />

doors on the kitchen to give the teachers the<br />

option to open or close rooms off from the<br />

outside, or increase their play-space and<br />

serve food and drinks directly outside.<br />

Completed on time through the peak of<br />

post-COVID supply chain issues by Iconic<br />

Construction Ltd, general manager Johnny<br />

Gordon says using QOROX walls was a<br />

massive time-saver due to the quick printing<br />

and setting time.<br />

“There was a seven-day turnaround<br />

from the 3DCP walls being printed to being<br />

fully installed and filled, using QOROX’s<br />

game-changing technology. It was impressive,<br />

particularly when you compare it<br />

with traditional masonry blocks or timber<br />

methods,” Gordon says.<br />

“Six sections of QOROX 3D printed<br />

walls at a combined length of 15 metres<br />

long and three metres high, were printed in<br />

under five hours. Within the space of a day<br />

and a half, we had an entire length of wall<br />

finished inside and out.”<br />

Gordon says the time saving was<br />

noticed by other trades on site, particularly<br />

the quick wall installation, which was completed<br />

in just two and a half days by two<br />

people.<br />

QOROX founder Wafaey Swelim says<br />

the speed of construction was due to the<br />

innovative technology and the construction<br />

“ink”, made from 80 percent of material<br />

sourced in New Zealand.<br />

Gordon says being able to build texture<br />

into the wall design brings architectural<br />

interest into the space, while also being<br />

functional.<br />

“You don’t often think of concrete as<br />

warm and welcoming, but having the texture<br />

allows us to bring personality into each<br />

wall, and also serve a functional purpose to<br />

hold and transfer heat which is great for all<br />

seasons.”<br />

“We were so impressed by the 3D<br />

printed concrete texture, that we added it<br />

into the kitchen island facade along with a<br />

curved edge.”<br />

The next development by Iconic is<br />

already in the pipeline, with Iconic and<br />

QOROX working with local designers to<br />

bring to life the possibilities of 3D printing<br />

in New Zealand commercial and residential<br />

construction.<br />

Figure 2 Source: Microsoft<br />

Preventing abusive and<br />

harmful content requires a<br />

more proactive approach. This<br />

is where content filtering comes<br />

in. The content management<br />

system of the Azure OpenAI<br />

Service screens out potentially<br />

harmful content by running the<br />

input prompt and generated<br />

completion through a series of<br />

classification models. If harmful<br />

content is detected, the system<br />

either returns an error or<br />

flags the response as having<br />

gone through content filtering.<br />

In summary, ensuring<br />

trustworthiness and preventing<br />

abusive content are crucial<br />

considerations when using AI<br />

in enterprise applications. By<br />

citing sources and utilizing content<br />

filtering, these applications<br />

can provide accurate and reliable<br />

responses while maintaining<br />

a safe and respectful environment<br />

for all users.<br />

IP protection, simplified.<br />

We’ve been championing innovation since 1979.<br />

A safe pair of hands delivering outstanding results.<br />

jamesandwells.com


10<br />

WAIKATO<br />

WAIKATO<br />

BUSINESS<br />

BUSINESS<br />

NEWS,<br />

NEWS,<br />

FEBRUARY/MARCH<br />

APRIL/MAY <strong>2023</strong><br />

<strong>2023</strong><br />

We.EV offers Electric Vehicle<br />

infrastructure analysis<br />

We.EV has seized the opportunity to<br />

lead the way in supporting businesses<br />

to transition their fleets to EVs by<br />

investigating, designing, installing and<br />

providing an end-to-end solution to<br />

meet the customers’ needs and to<br />

minimize capital costs. Community<br />

owned, our vision is simple; to help<br />

businesses shape a better, more<br />

renewable future.<br />

We.EV has completed various projects<br />

throughout the <strong>Waikato</strong> for education<br />

providers, councils, large and small<br />

commercial enterprises.<br />

”When considering EV charging solutions,<br />

it’s important to understand your existing<br />

electrical infrastructure, ensure systems are<br />

not overloaded but still maximise the use of<br />

existing assets. Our team can provide you<br />

with the expert analysis and design required<br />

before commencing charger procurement<br />

and installation,” says Head of We.EV<br />

Craig Marshall.<br />

There can be considerable costs involved<br />

with the installation of charging equipment.<br />

These can include upgrades to existing<br />

switchboards and cables onsite, the main<br />

electrical supply or disruptive works involving<br />

civil (trenching), ducts, pits and charging<br />

equipment foundations.<br />

Understanding the options and solutions that<br />

can minimize costs and maximise charging<br />

availability before embarking on your project<br />

is essential. And that’s where We.EV comes in.<br />

The We.EV team can analyse existing site<br />

infrastructure, power usage and parking<br />

locations to produce a report detailing<br />

recommended EV charging infrastructure<br />

alongside budget pricing to fit with your<br />

current needs and allow easy expansion into<br />

the future.<br />

We.EV will partner with you and offer our<br />

know-how and experience to investigate and<br />

provide a cost-effective EV charging solution<br />

for your organization.<br />

0800 800 935 | we-ev.co.nz


How will AI impact<br />

your business?<br />

Is artificial<br />

intelligence coming<br />

for your job?<br />

A<br />

recent report from<br />

Goldman Sachs<br />

suggests that generative<br />

artificial intelligence<br />

systems will affect 300 million<br />

full time jobs worldwide, and<br />

significantly disrupt the labour<br />

market.<br />

It’s got some people worried.<br />

Some 62 percent of Americans<br />

believe AI will impact<br />

jobs over the next 20 years,<br />

according to a Pew Research<br />

Center report released recently<br />

[<strong>April</strong> 20].<br />

According to Professor Bernhard<br />

Pfahringer, co-director<br />

of Te Ipu o te Mahara AI Institute<br />

at University of <strong>Waikato</strong>,<br />

there is nothing to fear.<br />

“Twenty years ago, artificial<br />

intelligence was an aspiration,<br />

but now it is a reality with<br />

far-reaching implications,” he<br />

says.<br />

“It is a tool with huge potential<br />

to help us all, and change<br />

the way we work and live, just<br />

like the Internet did.”<br />

Professor Pfahringer is<br />

a lecturer in the Computing<br />

and Mathematical Sciences at<br />

the University. His research<br />

focuses on AI, deep learning<br />

and machine learning.<br />

He spoke about ChatGPT,<br />

AI and its implications at a<br />

learning lunch organised by<br />

the <strong>Waikato</strong> Public Relations<br />

Institute of New Zealand<br />

(PRINZ) committee in <strong>April</strong>.<br />

Professor Pfahringer said<br />

that AI tools have the potential<br />

to boost productivity and<br />

save labour costs across many<br />

industries, but many also lead<br />

to unemployment in certain<br />

roles or sectors.<br />

“Some jobs will disappear,<br />

but new ones will emerge.”<br />

Roles that could be<br />

impacted by the new technology<br />

include administrative and<br />

legal services, journalism and<br />

content creation, web coding<br />

and software engineering.<br />

ChatGPT is a large language<br />

model created by OpenAI<br />

that predicts the next word<br />

in a sequence of words, and, by<br />

iterating the process, can create<br />

long sections of text, says<br />

Professor Bernhard Pfahringer<br />

Professor Pfahringer.<br />

The chatbot is trained on<br />

huge amounts of publicly<br />

available information on the<br />

Internet, including news and<br />

journal articles, alongside<br />

open-source computer code.<br />

There are other similar generative<br />

AI models, including<br />

Google’s Bard and those that<br />

produce images, video, audio<br />

and text based on prompts,<br />

currently available. New innovations<br />

and improved interactions<br />

are also in the pipeline.<br />

Professor Pfahringer<br />

believes that, in the future, AI<br />

will be incorporated into word<br />

processing programmes, like<br />

spell checker apps are today.<br />

This will speed up the process<br />

of transcribing, analysing<br />

and organising vast amounts<br />

of information - helpful for<br />

a range of professions, from<br />

legal and human resources,<br />

to media, public relations and<br />

education. .<br />

Another positive is that<br />

using AI frees people up to<br />

focus on higher level tasks and<br />

critical thinking, says Professor<br />

Pfahringer.<br />

“There will be higher productivity<br />

and a better quality<br />

product.”<br />

To ensure equity, he<br />

believes that subscribing to<br />

generative AI models and<br />

other emerging technologies<br />

should be made widely accessible<br />

to schools, community<br />

organisations and in business<br />

settings.<br />

There are some concerns<br />

surrounding these AI tools<br />

WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong> 11<br />

however, including accuracy,<br />

the generation and distribution<br />

of fake news and misinformation,<br />

implications for creatives<br />

and creativity, cheating<br />

on assignments, and copyright<br />

and plagiarism, among other<br />

things.<br />

There is also concern about<br />

how te ao Māori and other<br />

world views outside the dominant<br />

US-centric mainstream<br />

are reflected or accommodated<br />

by commercially dominant<br />

large language models.<br />

For those using ChatGPT<br />

for research or content generation,<br />

accuracy is still a concern.<br />

Professor Pfahringer says<br />

that these “are hallucinations;<br />

sometimes AI just makes<br />

things up”.<br />

ChatGPT doesn’t always<br />

produce factually correct text,<br />

although articles can read as<br />

entirely plausible on first read.<br />

“This is a risk, especially<br />

if you do not take a critical<br />

approach and accept it as<br />

fact, and then share it as false<br />

information.”<br />

The takeaway is, use AI<br />

tools to speed up your work<br />

processes, for idea generation<br />

or as a starting point, but double<br />

check everything.<br />

Creativity and critical thinking<br />

can not be easily replaced.<br />

Humans are still very much<br />

needed to manage the process<br />

and ensure accuracy.<br />

– By Kate Monahan Public<br />

Relations Institute of New<br />

Zealand (PRINZ) <strong>Waikato</strong><br />

committee deputy chair<br />

CONVERSATIONS WITH MIKE NEALE OF<br />

NAI HARCOURTS HAMILTON<br />

Mike Neale, Managing Director, NAI Harcourts Hamilton<br />

Building Energy Efficiency<br />

Ratings - NABERS<br />

There has been increasing interest<br />

and Tenant requirements around<br />

building efficiency in recent<br />

years, particularly from government<br />

and corporate occupiers. We started<br />

with Green Star, which from a Hamilton<br />

perspective was often a costly exercise<br />

where Tenants were rarely prepared to<br />

pay the associated rental freight for the<br />

rating, to the more attainable NABERS<br />

rating system.<br />

NABERSNZ (New Zealand version<br />

of NABERS - National Australian Built<br />

Environment Rating System) and Green<br />

Star are two sustainability rating systems<br />

used in Australia and New Zealand to<br />

measure the environmental performance<br />

of commercial buildings. While both<br />

rating systems aim to promote sustainable<br />

buildings, they differ in their approach<br />

and focus.<br />

NABERS Ratings:<br />

NABERS is a performance-based<br />

rating system that measures the energy<br />

efficiency, water usage, and waste<br />

management of existing commercial<br />

buildings. It was developed in Australia<br />

in 1998 and has since been adopted in<br />

New Zealand as well. NABERS ratings<br />

are based on actual building performance<br />

data, which is collected over a period of 12<br />

months and benchmarked against other<br />

buildings.<br />

The NABERS rating system is<br />

designed to assess the environmental<br />

impact of buildings, primarily focused<br />

on measuring their operational energy<br />

efficiency, such as how much energy is<br />

used for heating, cooling, lighting, and<br />

hot water systems. On a scale of 0 to 6<br />

stars, a 6-star rating represents marketleading<br />

environmental performance,<br />

while a 0-star rating indicates that the<br />

building has a high environmental impact.<br />

NABERS ratings are used to benchmark<br />

building performance and provide the<br />

building owners with recommendations<br />

for improvement.<br />

There are 3 types of NABERSNZ<br />

ratings – Base Building, Tenancy or<br />

Whole Building, which measures a<br />

combination of both Base Building and<br />

Tenancy ratings.<br />

Green Star Ratings:<br />

Green Star is a comprehensive rating<br />

system that evaluates the environmental<br />

design and construction of new buildings,<br />

as well as major refurbishments. It was<br />

developed by the Green Building Council<br />

of Australia in 2003 and has since been<br />

adopted in New Zealand as well. The Green<br />

Star rating system assesses a building’s<br />

environmental impact in nine categories,<br />

including energy, water, materials, and<br />

indoor environment quality.<br />

Green Star ratings are based on a<br />

points system, with a building needing<br />

to achieve a certain number of points in<br />

each category to attain a rating. Green<br />

Star ratings range from 1 to 6 stars,<br />

with a 6-star rating representing world<br />

leadership in sustainable building design<br />

and construction.<br />

Benefits of NABERS in New Zealand:<br />

NABERSNZ has several benefits for<br />

building owners and occupants in New<br />

Zealand.<br />

Firstly, NABERSNZ ratings provide<br />

building owners with an understanding<br />

of their building’s energy and water usage<br />

and waste management performance. This<br />

information can be used to identify areas<br />

of improvement and implement energysaving<br />

measures, which can lead to cost<br />

savings on energy bills.<br />

Secondly, NABERSNZ ratings can<br />

increase the value of a building. A higher<br />

NABERS rating indicates that a building<br />

has lower environmental impact and is<br />

therefore more attractive to potential<br />

tenants and investors.<br />

Thirdly, NABERSNZ ratings can<br />

improve the indoor environment quality<br />

of a building. This is because buildings<br />

with high NABERS ratings are more likely<br />

to have features such as efficient lighting<br />

and air conditioning systems, which<br />

can improve the comfort and health of<br />

occupants.<br />

Lastly, NABERSNZ ratings can help to<br />

reduce greenhouse gas emissions in New<br />

Zealand. Buildings account for a significant<br />

proportion of greenhouse gas emissions<br />

in New Zealand, and improving the<br />

environmental performance of buildings<br />

can help to reduce these emissions and<br />

mitigate the impacts of climate change.<br />

In conclusion, NABERS and Green<br />

Star are two rating systems used in<br />

Australia and New Zealand to measure the<br />

environmental performance of buildings.<br />

While both rating systems aim to promote<br />

sustainable buildings, they differ in<br />

their approach and focus. NABERS is a<br />

performance-based rating system that<br />

measures the energy efficiency, water<br />

usage, and waste management of existing<br />

buildings, while Green Star evaluates the<br />

environmental design and construction of<br />

new buildings and major refurbishments.<br />

NABERS ratings appear more realistically<br />

attainable than Green Star, particularly<br />

for owners of existing commercial<br />

buildings, therefore providing a valuable<br />

tool for improving the environmental performance<br />

of buildings and increasingly<br />

seen as a means of demonstrating environmental<br />

responsibility and compliance with<br />

regulations. The significant benefits for<br />

building owners and occupants in New Zealand,<br />

include cost savings on energy bills,<br />

increased building value, improved indoor<br />

environment quality, and reduced greenhouse<br />

gas emissions.<br />

For more information -<br />

www.nabersnz.govt.nz<br />

NAI Harcourts Hamilton<br />

Monarch Commercial Ltd MREINZ Licensed<br />

Agent REAA 2008<br />

Cnr Victoria & London Streets, HAMILTON<br />

07 850 5252 | hamilton@naiharcourts.co.nz<br />

www.naiharcourts.co.nz


Hey Toyota, does my new Hilux<br />

come with any extras?<br />

Sure does.<br />

We call them accessories.<br />

*<br />

HAMILTON 5 Kahu Crescent, Te Rapa Park, Hamilton, 07 838 0499<br />

MORRINSVILLE 85 Avenue Road North, Morrinsville, 07 889 7678<br />

TE AWAMUTU 29 Kihikihi Road, Te Awamutu, 07 872 0017<br />

www.ebbett.toyota.co.nz<br />

* Accessorised model shown. Offer available towards the purchase of Toyota Genuine or Toyota Approved accessories on new Toyota Hilux vehicles (excluding GR Sport) purchased at TDP or Bronze pricing through an<br />

Authorised Toyota Dealer between 1 <strong>April</strong> <strong>2023</strong> and 30 June <strong>2023</strong>, or while stocks last. Prices and specifications are subject to change at any time. See Toyota.co.nz for full T&Cs.


WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong> 13<br />

Tupperware -<br />

a tale of two (IP) issues<br />

In early <strong>April</strong>, news broke 1 that<br />

Tupperware, the well known US-based<br />

food storage brand, is in serious trouble.<br />

With rising debts<br />

and falling sales,<br />

Tupperware<br />

warned that it could go bust<br />

unless it can quickly raise new<br />

financing. 2<br />

Tupperware finds itself in<br />

this predicament seemingly as<br />

a result of a failure to innovate,<br />

both in product design and<br />

distribution methods, and<br />

despite attempts to freshen<br />

up its products in recent<br />

years and reposition itself to<br />

a younger audience. 3 As one<br />

expert reportedly 4 commented,<br />

Tupperware - while considered<br />

innovative many years ago - was<br />

perhaps not as inventive and<br />

stylish as other (kitchenware)<br />

brands such as Joseph Joseph. 5<br />

Add to its innovation woes<br />

the arguable fact that the<br />

‘Tupperware’ brand name has<br />

become a common name in<br />

general public use (in trade<br />

mark speak, ‘generic’) for<br />

food storage containers, and<br />

Tupperware (the company)<br />

faces a task of Herculean<br />

proportions to survive, let<br />

alone once again prosper.<br />

Tupperware’s problems<br />

highlight the need for all<br />

businesses to ‘stay relevant’:<br />

that is, continually innovate in<br />

product and/or service design<br />

and delivery to meet the needs<br />

and wants of customers. As<br />

Peter Drucker 6 once declared,<br />

businesses must “innovate<br />

or die”. In more common<br />

parlance, “stay ahead of the<br />

pace of change or you’re toast”. 7<br />

In saying this, it is important to<br />

note that innovation doesn’t<br />

have to come with a huge<br />

price tag: innovation can be<br />

small and cheap – it might be<br />

a small change in how you do<br />

something, or a slight shift<br />

in how you communicate<br />

what you do. Big or small,<br />

opportunities for innovation<br />

are everywhere – you just have<br />

to be open to them.<br />

Tupperware’s problems also<br />

highlight the need for brand<br />

owners to protect their brand<br />

name from becoming ‘generic’–<br />

as ‘Escalator’ and ‘Aspirin’, for<br />

example, did and ‘Sellotape’<br />

and ‘Jandals’ arguably have<br />

(at least in New Zealand).<br />

Stopping a trade mark from<br />

becoming generic in New<br />

Zealand requires a fine balance<br />

of promotion and policing (as<br />

Tasman Insulation, the maker<br />

of ‘Pink Batts’ insulation,<br />

found out in the course of<br />

litigation between 2012 and<br />

2015 8 ). Promote the name<br />

too much in a manner which<br />

makes consumers perceive it<br />

as noun, or fail to stop people<br />

from using the name as a noun,<br />

and brand owners could find<br />

themselves in Tupperware’s<br />

shoes or, worse, facing a claim<br />

to de-register their trade mark.<br />

It will be a huge pity if the<br />

lid on Tupperware’s future is<br />

firmly sealed shut in the next<br />

few months. I, for one, hope<br />

the brand can be saved – all it<br />

needs (apart from a shed load<br />

of money) is the right kind of<br />

love.<br />

1. https://www.bbc.com/<br />

news/business-65237293<br />

“Tupperware warns of<br />

collapse unless it finds<br />

funds”<br />

2. https://www.bbc.com/<br />

news/business-65243711<br />

“Tupperware: Why the<br />

household name could soon<br />

be history”<br />

INTELLECTUAL<br />

PROPERTY ISSUES<br />

BY BEN CAIN<br />

Ben Cain is a Senior Associate<br />

at James & Wells and a<br />

Resolution Institute-accredited<br />

mediator. He can be contacted<br />

at 07 957 5660 (Hamilton),<br />

07 928 4470 (Tauranga) and<br />

benc@jaws.co.nz.<br />

3. As fn 2 above<br />

4. Neil Saunders, managing<br />

director of retail at the<br />

consultancy GlobalData, see<br />

fn 2 above<br />

5. https://www.josephjoseph.<br />

com/<br />

6. Peter Drucker was an<br />

influential Austrian-<br />

American author, mentor<br />

and consultant who is<br />

considered the father<br />

of modern business<br />

management: https://<br />

www.businessnewsdaily.<br />

com/10634-peter-druckermanagement-theory.html<br />

7. https://hbr.org/2014/12/<br />

innovation-on-the-fly#<br />

8. See Tasman Insulation New<br />

Zealand Limited v Knauf<br />

Insulation Limited [2014]<br />

NZHC 960 and Tasman<br />

Insulation New Zealand<br />

Ltd v Knauf Insulation Ltd<br />

[2015] NZCA 602<br />

Dear Australia Prime lays out Minister the “big<br />

Hipkins…<br />

welcome” mat for NZ citizens<br />

The recent announcement by the Australian Government to<br />

enable<br />

Congratulations<br />

New Zealand<br />

on<br />

citizens<br />

your promotion,<br />

to pathway<br />

and<br />

easier<br />

for this<br />

and<br />

timely<br />

quicker to<br />

Australian<br />

opportunity<br />

citizenship<br />

to contribute<br />

is very<br />

our<br />

much<br />

30+<br />

welcomed,<br />

years of experience<br />

and will finally<br />

in<br />

allow New Zealand NZ citizens immigration in Australia work to enjoy to help the same inform benefits your thinking that<br />

New about Zealand your approach confers on to their the citizens immigration in New portfolio. Zealand. What<br />

impact will this on the NZ job market and NZ employers?<br />

Historically the immigration portfolio<br />

was seen<br />

Historically, NZers<br />

as somewhat<br />

have had<br />

of<br />

the<br />

a<br />

right<br />

poisoned<br />

to live<br />

chalice,<br />

and work<br />

and<br />

in<br />

it<br />

Australia<br />

was not<br />

until the<br />

without<br />

first John<br />

a visa<br />

Key<br />

under<br />

government<br />

the Transin<br />

Tasman<br />

2008 that<br />

Travel<br />

this<br />

Arrangement<br />

approach changed,<br />

(TTTA) since<br />

and<br />

1973.<br />

immigration<br />

However,<br />

began<br />

they<br />

to<br />

have<br />

be<br />

not<br />

viewed<br />

been<br />

more<br />

entitled<br />

as<br />

to<br />

an<br />

the<br />

economic<br />

same benefits<br />

tool rather<br />

as Australian<br />

than just a<br />

citizens.<br />

means<br />

For<br />

to protect<br />

example,<br />

New<br />

they<br />

Zealand<br />

have not<br />

jobs.<br />

been<br />

The<br />

eligible<br />

immigration<br />

portfolio<br />

for<br />

government assistance,<br />

has since<br />

such<br />

developed<br />

as social<br />

into<br />

security<br />

one<br />

of significant<br />

payments,<br />

strategic<br />

and they have<br />

importance<br />

to pay higher<br />

which<br />

fees<br />

influences<br />

for healthcare<br />

many aspects<br />

and education.<br />

of New Zealand<br />

On the<br />

other<br />

society,<br />

hand,<br />

workforce<br />

Australians<br />

and the<br />

(&<br />

economy.<br />

Australian<br />

Immigration<br />

resident<br />

visa<br />

is now<br />

holders)<br />

a key<br />

have<br />

Government<br />

had full<br />

portfolio.<br />

rights to<br />

live<br />

Looking<br />

and work<br />

at the<br />

in<br />

big<br />

New<br />

picture.<br />

Zealand. Australia<br />

also<br />

New<br />

tightened<br />

Zealand<br />

its rules<br />

should<br />

in 2001<br />

not<br />

as<br />

rest<br />

it viewed<br />

on its<br />

(correctly)<br />

laurels and expect<br />

that too<br />

that<br />

many<br />

it continues<br />

migrants<br />

to be<br />

were<br />

one<br />

using<br />

of the<br />

New<br />

most<br />

Zealand<br />

desired migrant<br />

as a back-door<br />

destinations,<br />

entry<br />

as<br />

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Australia.<br />

it is not, and we are trending backwards. In<br />

fact,<br />

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from<br />

be<br />

July<br />

doing<br />

1, <strong>2023</strong>,<br />

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NZers<br />

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migrants<br />

for<br />

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four<br />

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do initially<br />

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attract<br />

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population<br />

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all the<br />

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such<br />

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rate of<br />

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replacement<br />

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rate<br />

on what<br />

of 2.1.<br />

impact<br />

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these<br />

rural<br />

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job<br />

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Level 2<br />

586 Victoria Street<br />

Hamilton 3204<br />

Level 2<br />

586 Victoria Street<br />

Hamilton 3204<br />

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Employers<br />

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technology<br />

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to reduce reliance<br />

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on staff and<br />

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across<br />

Statement<br />

the board.<br />

to<br />

Previously<br />

set a clear<br />

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waged economy<br />

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had tended<br />

policy.<br />

to<br />

negate<br />

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start<br />

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case!<br />

settings with a focus on what<br />

immigration<br />

The Australian<br />

can deliver<br />

Government<br />

for the<br />

announcement<br />

good of<br />

New Zealand<br />

is definitely<br />

in the<br />

a<br />

longer<br />

big win<br />

term.<br />

for New Zealanders<br />

What<br />

who<br />

about<br />

wish<br />

a<br />

to<br />

work-from-homein-NZ<br />

take up, and benefit<br />

from,<br />

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the opportunities<br />

People could<br />

available<br />

live in<br />

in<br />

New<br />

the<br />

“lucky<br />

Zealand<br />

country”,<br />

and work<br />

but it is<br />

anywhere<br />

NZ employers<br />

in<br />

who<br />

the<br />

will<br />

world,<br />

be on<br />

now<br />

the losing<br />

that<br />

side.<br />

would<br />

The challenge<br />

really put<br />

for<br />

New<br />

New<br />

Zealand<br />

Zealand<br />

will<br />

on<br />

be<br />

the<br />

to stop<br />

map!<br />

the<br />

Yes<br />

trickle<br />

- Prime<br />

turning<br />

Minister!<br />

into a flood.<br />

Level 3<br />

50 Manners Street<br />

Wellington 6011<br />

07 834 9222<br />

enquiries@pathwaysnz.com<br />

pathwaysnz.com<br />

Level 3<br />

50 Manners Street<br />

Wellington 6011


1.<br />

2. 3. 4. 5.<br />

6.<br />

Waipā<br />

<strong>Business</strong>es<br />

shine at awards<br />

The Waipā Networks <strong>Business</strong><br />

Awards celebrated a variety of<br />

diverse local businesses from<br />

across the Waipā region recently at<br />

a night of celebration and glamour.<br />

7.<br />

Treadlite New Zealand team with<br />

Waipa Networks CEO Sean Horgan<br />

8.<br />

10.<br />

12.<br />

14.<br />

This year has seen a strong field of entrants, both<br />

in quality and number of entries, doubling the<br />

number from 2021.<br />

From new and emerging, small, medium and large<br />

businesses - each were judged on their own merit across a<br />

range of 16 award categories.<br />

A judging panel of experienced industry professionals<br />

were led by two head judges Howard Davey and Heather<br />

Connelly of the University of <strong>Waikato</strong> - Management<br />

School.<br />

“The level of innovation and adoption of technology<br />

often in more ‘traditional’ businesses was outstanding.<br />

The strategic thinking and application were very impressive,<br />

ie ‘walking the talk’, taking time out to think about<br />

future directions and choices. Nurturing and developing<br />

workers and building resilient teams came across<br />

strongly. Finally, a dominant theme was the client relationship<br />

and understanding customers’ needs. Overall,<br />

the level of innovation, energy, and commitment, as well<br />

as outright success bodes well for the future of the district,”<br />

Davey says.<br />

Cambridge <strong>Business</strong> Chamber CEO Kelly Bouzaid says<br />

the chamber was delighted at both the diversity and calibre<br />

of applications for the <strong>2023</strong> awards.<br />

“We are in a privileged position to peek into businesses<br />

of all ages and stages and see the calibre of leadership,<br />

innovation, culture and sustainability. We have seen resilience<br />

and robustness within our business community,<br />

and we are inspired and proud of their achievements.”<br />

1. Jim Goddin from Grinter’s Funeral Home and Rosetown Funeral Home and Waipā District Council <strong>May</strong>or Susan<br />

O’Regan | 2. Joelene Ranby from Resolution Retreats and Te Awamutu <strong>Business</strong> Chamber CEO Shane Walsh |<br />

3. Findex Te Awamutu associate partner Jarrod Godfrey and Daryl-Lynn Wilken from Varntige | 4. University of <strong>Waikato</strong><br />

Pro Vice Chancellor Matt Bolger and Ignite Arts Academy Raymond and Maxine Nelson | 5. Rocketspark co-founder<br />

Jeremy Johnson and Tracy Morgan from Squoodles Educational Resources | 6. Waipā District Council Deputy <strong>May</strong>or<br />

Liz Stolwyk and Emily Hudson from HomeBrew Coffee | 7. Steve Hastie from Riverside Adventures <strong>Waikato</strong> and<br />

Destination Cambridge general manager Ruth Crampton | 8. Richard Upperton from Treadlite NZ and PAUA Architects<br />

<strong>Business</strong> Development Manager Phil Mackay | 9. Aroha Croft from The Smoke Collective Barbecue and Cambridge<br />

& Te Awamutu <strong>News</strong> editor Roy Pilott | 10. Fieldays CEO Peter Nation and APL Window Solutions manager Danielle<br />

Stowers-Boon | 11. Cambridge <strong>Business</strong> Chamber chair Tracy Olivier and Jim Goddin from Grinter’s Funeral Home and<br />

Rosetown Funeral Home | 12. Tracy Morgan from Squoodles Educational Resources and Craigs Investment Partners<br />

advisor Chantal Baxter | 13. Daniel Billings from Maple and Stone and Cambridge Raceway CEO Dave Branch | 14.<br />

Mark Hanlon from Rotary Cambridge Urban Miners and Waipā Council Waste Minimisation advisor Sally Fraser<br />

9.<br />

11.<br />

13.<br />

Winners of the <strong>2023</strong><br />

Waipā Networks<br />

<strong>Business</strong> Awards<br />

SUPREME WINNER<br />

Treadlite NZ Ltd<br />

CUSTOMER CHOICE<br />

The Smoke Collective Barbecue<br />

– Cambridge<br />

Fresh Choice Supermarket<br />

- Te Awamutu<br />

EMPLOYEE OF THE YEAR<br />

Emily Hudson – Homebrew<br />

Coffee – Cambridge<br />

Darryl-Lynn Wilken<br />

– Varntige - Te Awamutu<br />

LEADER OF THE YEAR<br />

Peter Nation – NZ National<br />

Fieldays Society<br />

COMMUNITY<br />

CONTRIBUTION<br />

Grinter’s Funeral Home and<br />

Rosetown Funeral Home<br />

EXCELLENCE IN<br />

LARGE BUSINESS<br />

Treadlite NZ Ltd<br />

EXCELLENCE IN<br />

MEDIUM BUSINESS<br />

Resolution Retreats<br />

EXCELLENCE IN<br />

SMALL BUSINESS<br />

Grinter’s Funeral Home and<br />

Rosetown Funeral Home<br />

EXCELLENCE IN<br />

EMERGING/NEW BUSINESS<br />

Maple and Stone<br />

INNOVATION<br />

AND KNOWLEDGE<br />

Squoodles Educational<br />

Resources<br />

DIGITAL STRATEGY<br />

AND E-COMMERCE<br />

Squoodles Educational<br />

Resources<br />

WASTE MINIMISATION<br />

– ENVIRONMENTAL<br />

Rotary Cambridge Urban<br />

Miners<br />

CONTRIBUTION TO<br />

TOURSIM AND/OR<br />

HOSPITALITY<br />

Riverside Adventures <strong>Waikato</strong><br />

JUDGES CHOICE<br />

Ignite Arts Academy<br />

Procuta Associates<br />

Urban + Architecture<br />

Contact us 07 839 6521<br />

www.pauaarchitects.co.nz<br />

Proud sponsors of the <strong>Business</strong> Excellence - Large <strong>Business</strong> Award,<br />

PAUA congratulates Treadlite NZ for their success in winning this category and the Supreme Award


WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong> 15<br />

The <strong>Business</strong> of Art<br />

Emerging artist<br />

makes an impact<br />

Exploring the creatives in the business of art<br />

Pounamu Wharekawa<br />

(Ngai te Rangi, they/<br />

themme/ia) is a relative<br />

newcomer on the art scene in<br />

Hamilton but they are already<br />

making a big impact.<br />

A self-described “indigenous<br />

baddie, fine artist, illustrator<br />

and muralist”, Pounamu makes<br />

art that speaks about the “intersections<br />

of identity through<br />

the lens of a queer, small town<br />

turned urban Māori living their<br />

best boring life in the big smoke<br />

of Kirikiriroa”.<br />

Using vibrant technicolour<br />

to depict contemporary versions<br />

of Māori pūrākau (legends),<br />

atua (deity) and ancestors,<br />

Pounamu reimagines them<br />

as if they were a cast of rich and<br />

diverse characters dancing at<br />

the club in downtown Aotearoa.<br />

“I feel like you can’t avoid<br />

your own identity. As a<br />

takatāpui Māori, feminine person<br />

there's no way to avoid any<br />

of my lefty views coming into<br />

my art because I value my own<br />

existence and that of my peers.<br />

So, all of my work is a love letter<br />

to them and the people I<br />

know, and I feel like that in<br />

itself is political. These are trans<br />

people, these are square people,<br />

these are beautiful mana<br />

wāhine who are under appreciated<br />

in our society.”<br />

Participating in the Boon<br />

Street Art Festival in 2021, their<br />

mural of a feminine atua on<br />

Liverpool Street was created in<br />

their last year of Wintec media<br />

arts studies.<br />

“It is about how when you’re<br />

in the city or a different place<br />

from where you whakapapa to/<br />

where you grow up it’s easy to<br />

feel lonely or like it’s not where<br />

you belong. The mural depicts<br />

a rangatahi and a tīpuna hongi-ing,<br />

kind of a play on the saying<br />

my ancestors walk with me<br />

- so the idea that no matter how<br />

alone you feel, your ancestors<br />

are always there with you.”<br />

This stunning piece of street<br />

art is not their first mural<br />

though, it was a mural Pounamu<br />

had painted while at Wintec that<br />

caught the eye of Boon Street<br />

Festival director Craig McClure.<br />

“He saw my first ever mural<br />

and he just hit me up to be in<br />

the mural festival, so that was<br />

pretty cool.”<br />

Making these sorts of connections<br />

is something Pounamu<br />

has actively fostered in the pursuit<br />

of being a fulltime artist.<br />

I feel really lucky<br />

to be working<br />

fulltime as an<br />

artist. I was not<br />

expecting it to be<br />

this close after<br />

graduating.<br />

“I worked really hard, going<br />

out to events and making<br />

friends with people that were in<br />

really good positions to offer me<br />

work or help nurture me. At one<br />

event I just happened to meet<br />

someone who was really good at<br />

funding applications. She fully<br />

took that on for me and she did<br />

not expect anything in return<br />

for it.”<br />

The early success, coupled<br />

with past experiences of undervaluing<br />

their work, has given<br />

Pounamu the confidence to<br />

negotiate with clients’ booking<br />

commission work.<br />

Being able to price accordingly<br />

is something Pounamu<br />

has put a bit of thought into.<br />

After all there’s a lot of time that<br />

goes into a painting regardless<br />

of its size.<br />

“I like to have a price range<br />

in mind that I will never go<br />

under. But I’ll also ask the client<br />

what their budget is and then I<br />

can offer a range of different of<br />

things that I can do for them.”<br />

Before Wintec, Pounamu<br />

had tried their luck at making a<br />

living as an artist but they didn’t<br />

have the business sense at the<br />

time to value their work.<br />

“Basically, I was trying to<br />

sell original illustrations for 30<br />

bucks, which is the same as a<br />

print price. Obviously, I wasn't<br />

doing very well. Like, I just<br />

spent 10 hours on this painting<br />

and I got $20 for it.”<br />

Pounamu credits Wintec<br />

for helping build their business<br />

acumen and professionalism.<br />

“For me, the thing that<br />

was most helpful about Wintec<br />

wasn't the technical stuff it<br />

was building relationships with<br />

my classmates and artists. And<br />

being able to be better at scheduling,<br />

because if you're having<br />

to do assignments, then you get<br />

used to knowing what a deadline<br />

is.”<br />

For Pounamu, working with<br />

others on commissions or collaborations<br />

with other artists<br />

provides a social aspect that<br />

working solo doesn’t.<br />

“I'm lucky I don't have to<br />

take on much that I don't vibe<br />

with. Some of it can be a little<br />

bit more exciting than others,<br />

obviously. At the end of the day,<br />

I really like working with clients<br />

because I feel like it's a lot more<br />

of a collaborative process.<br />

“A lot of artists don't like<br />

doing commissions full stop,<br />

and they’d rather focus on their<br />

own stuff. But I find that it can<br />

be quite lonely as an artist, it’s<br />

very introspective, because you<br />

aren't really talking to anyone.”<br />

Being able to make a living<br />

from art as an emerging artist<br />

is something they don’t take<br />

lightly.<br />

“I feel really lucky to be<br />

working fulltime as an artist. I<br />

was not expecting it to be this<br />

close after graduating. But I was<br />

lucky enough to have built up<br />

quite a decent client base while<br />

I was still studying.”<br />

Much of that study time was<br />

through the COVID lockdowns<br />

and meant time to get stuck in<br />

assignments, as well as contemplate<br />

how to get work out in<br />

front of the public.<br />

“I think COVID was a really<br />

good way for people to stop concentrating<br />

so much on exhibitions.<br />

Because that's one of the<br />

big things as an artist, you're<br />

meant to do. I think people<br />

were experimenting more with<br />

other ways to get their art out<br />

into the world.”<br />

For Pounamu, it seemed<br />

like an ideal time to build an<br />

Instagram following and a website<br />

with the hope of selling art.<br />

“It felt like heaps people<br />

were getting art over COVID<br />

because we were spending so<br />

much time in our houses and so<br />

buying art was a way to tolerate<br />

being stuck in our homes,” they<br />

laugh.<br />

As well as paintings and<br />

large-scale murals, Pounamu<br />

offers a range of prints and<br />

t-shirts through their website.<br />

The small-scale offerings<br />

contribute towards about half<br />

of Pounamu’s income, but more<br />

importantly it makes their art<br />

more accessible.<br />

“When I was studying and<br />

we had to figure out what we<br />

value in art and creativity. One<br />

of the big ones for me was trying<br />

to think of different ways<br />

that I could make my work<br />

more accessible to people like<br />

me, or students or someone on<br />

a benefit.”<br />

Check out Pounamu’s work<br />

at www.pounamuwharekawa.<br />

com.


16 WAIKATO<br />

WAIKATO<br />

BUSINESS<br />

BUSINESS<br />

NEWS,<br />

NEWS,<br />

APRIL/MAY<br />

APRIL/MAY<br />

<strong>2023</strong><br />

<strong>2023</strong><br />

The three “diseases”<br />

destroying our once<br />

world-class health<br />

sector<br />

Age, Education and Inaction.<br />

Doctors & nurses. We do<br />

not have enough, and<br />

they are disappearing.<br />

When the NZ Rural Health<br />

Network chair Dr Fiona Bolden<br />

claims “it is not too dramatic to<br />

say we are seeing a collapse of<br />

health services in rural areas,”<br />

we need to wake up and take<br />

notice and act.<br />

Age<br />

The numbers tell a stark<br />

story of age:<br />

• Median age of all GPs is<br />

54 with 14% over 65.<br />

• One third plan to retire<br />

within five short years.<br />

• 50% will be retired within<br />

10 years.<br />

• 80% of our rural GPs say<br />

they have suffered some<br />

form of burnout.<br />

We need over 800 new<br />

doctors every year and we only<br />

train 550. That need can only<br />

grow, and the supply is being<br />

artificially constrained by our<br />

education system.<br />

Our hospitals are in crisis<br />

and no amount of rearranging<br />

the deck chairs and back office<br />

staff will improve our frontline.<br />

In a crisis there are times when<br />

you simply need numbers<br />

of expert hands and the best<br />

frontline troops; our primary<br />

health doctors, are under<br />

pressure, leaving the vocation,<br />

and we are not replacing them<br />

quick enough.<br />

Our GPs are the ones who<br />

know you and your family’s<br />

health intimately. They are up<br />

close and personal and more<br />

than anyone else can prevent<br />

a health crisis with a patient if<br />

the symptoms are caught early.<br />

That avoids overloading our<br />

hospitals.<br />

The answer is… we simply<br />

need more doctors and nurses.<br />

There is plenty of distressing<br />

commentary about it. When<br />

Starship Hospital cannot use its<br />

assets because of lack of staff,<br />

our most vulnerable children<br />

are at risk.<br />

Education<br />

The core of the problem is<br />

our education system.<br />

We are being held to<br />

ransom by an educational<br />

duopoly at a time when we need<br />

to train more medical staff.<br />

Supply of new doctors is being<br />

artificially restricted by the<br />

two New Zealand universities<br />

with medical schools that<br />

aggressively protect their patch.<br />

The two medical schools are<br />

acting as if they are a duopoly<br />

and they need to be challenged.<br />

A duopoly is where two<br />

entities have dominant or<br />

exclusive control over a market.<br />

The Commerce Commission<br />

is looking at all forms of anticompetitive<br />

behaviour but is<br />

missing the boat when it comes<br />

to the education of doctors.<br />

Immigration has been<br />

proven to be a false solution.<br />

75% of foreign educated doctors<br />

leave New Zealand within<br />

<strong>2023</strong><br />

By Don Good, CEO of <strong>Waikato</strong><br />

Chamber of Commerce.<br />

three years of arriving, and<br />

this government has held onto<br />

tough immigration settings.<br />

Your health is at risk<br />

because it is clear we are not<br />

training enough doctors.<br />

Inaction<br />

The solution is action<br />

not inaction. The solution is<br />

creating a new medical school<br />

at <strong>Waikato</strong> University.<br />

If we want good healthcare<br />

for ourselves and future<br />

generations, we must hit up our<br />

local MPs on this issue now.<br />

If you are in a rural <strong>Waikato</strong><br />

electorate your MPs are Louise<br />

Upston, Scott Simpson, Tim<br />

van de Molen, Barbara Kuriger,<br />

David Bennett and Andrew<br />

Bayly. If you are in Hamilton,<br />

it is Tama Potaka in the west<br />

and Jamie Strange in the east.<br />

It wouldn’t hurt to chase up<br />

the aspiring election <strong>2023</strong><br />

candidates like Ryan Hamilton<br />

& Georgie Dansey now that<br />

they have announced their<br />

intentions to run for election.<br />

Prevention is always better<br />

than a cure. We need the<br />

University of <strong>Waikato</strong> Medical<br />

School to ensure we have<br />

enough doctors to keep us<br />

healthy and out of hospitals.<br />

Use your vote this year to get<br />

a new medical school.<br />

WAIKATO CHAMBER<br />

OF COMMERCE<br />

BUSINESS<br />

AWARDS<br />

The road to perfection<br />

It’s a phrase I’ve heard a lot recently – the road to perfection<br />

is littered with disappointment. Or sometimes with<br />

compromise. So, what does it mean for our marketing?<br />

I’ve come to the conclusion<br />

I’m too old and battleweary<br />

to expect that very<br />

much in my life will come out<br />

as perfectly as I might hope it<br />

would.<br />

I’m relieved to say that with<br />

every brand review or campaign<br />

I start working on, I still<br />

can’t help begin by thinking<br />

“what if we can do something<br />

that really blows people’s socks<br />

off?”<br />

The relentless effort, dedication,<br />

and perseverance<br />

needed to strive for the best<br />

campaign, the best piece of<br />

marketing, the best ad, is often<br />

what drives our endeavours as<br />

comms and marketing people.<br />

But even with all that toil and<br />

tribulation, perfection may still<br />

be elusive.<br />

I was born a bit cynical, I<br />

have to admit. (I vividly recall<br />

being told to look it up in a<br />

dictionary when I was about<br />

seven.) But I think age and<br />

wisdom have rounded off the<br />

sharp corners of my cynicism<br />

and softened me into a healthier<br />

realist.<br />

The older I get, the more<br />

uphill the journey towards perfection<br />

seems to be, and the<br />

pain of setbacks, criticism, or<br />

obstacles that can lead to disappointment<br />

is still painfully<br />

all too real.<br />

It often feels like there are<br />

too many stars that need to<br />

align to be able to shine brightest.<br />

But that doesn’t mean we<br />

can give up entirely.<br />

Perhaps we can blame<br />

social media (go on – let’s!) for<br />

the fact that we are surrounded<br />

by so many great examples of<br />

marketing brilliance, and we<br />

hope in our heart of hearts that<br />

we too could achieve the same<br />

level of greatness.<br />

When we don’t feel our<br />

efforts meet the perfection<br />

TELLING YOUR<br />

STORY<br />

BY VICKI JONES<br />

Vicki Jones is director of<br />

Dugmore Jones, Hamilton-based<br />

brand management consultancy.<br />

vicki@dugmorejones.co.nz<br />

criteria, we can blame lack of<br />

budget or resources, lack of<br />

opportunity, a lack of understanding<br />

on the part of our customers<br />

or, too often, a lack of<br />

understanding within our own<br />

businesses.<br />

But the reality is that at least<br />

one of those factors, or one of<br />

many others, is likely to mean<br />

we simply must compromise on<br />

our lofty vision. We can cripple<br />

ourselves trying to make something<br />

perfect, when we could<br />

just as easily be running ahead<br />

of the rest with something<br />

that’s not perfect but still pretty<br />

darn good. Or, worse, do nothing<br />

at all through fear of failure.<br />

I’ve been admiring the<br />

youthful and resilient optimism<br />

of my daughter recently,<br />

who has finished her Bachelor<br />

of Creative Media Production<br />

degree. She’s keenest on<br />

the post-production side of<br />

film and wants to be an editor.<br />

Watching her working a few<br />

projects to build up her portfolio,<br />

I hold myself back from<br />

telling her it’s ok to lower her<br />

standards.<br />

She’ll show me footage that<br />

she’s editing and share her<br />

frustrations about the quality,<br />

or the light, or the saturation or<br />

some other technical terms that<br />

mean diddly squat to me. Looks<br />

alright to me, I say! Until, on<br />

the third time of viewing, I can<br />

see what she’s concerned about<br />

and admire her tenacity in trying<br />

to make it right.<br />

The clients won’t notice but,<br />

as she rolls her eyes and says,<br />

she will. And that matters.<br />

The speakers at her graduation<br />

told the newly capped<br />

crowd to aim high, to set<br />

seemingly unachievable goals,<br />

because the higher you aim, the<br />

higher you’ll reach.<br />

That aspiration for perfection<br />

is right to be encouraged,<br />

for sure. But knowing when to<br />

compromise on your standards<br />

can be a key to success.<br />

Think about the impact of<br />

time constraints, deadlines,<br />

and available resources, all of<br />

which might force a refocus.<br />

In some cases, achieving perfection<br />

in one area may come<br />

at the cost of another. Balancing<br />

competing priorities may<br />

require compromises to find a<br />

middle ground that still meets<br />

your goals.<br />

There may be situations<br />

where the pursuit of perfection<br />

may not significantly contribute<br />

to the desired outcome,<br />

making it harder to justify<br />

investment.<br />

When it comes down to it,<br />

the decision to compromise on<br />

perfection depends on the specific<br />

context, goals, and priorities.<br />

It requires thoughtful consideration<br />

to strike the right<br />

balance.<br />

Aiming for perfection may<br />

be the ideal, but compromise<br />

is better than never getting off<br />

the starting blocks in the first<br />

place.<br />

THE GRAND CALIFORNIA<br />

Connect - Grow - Inspire - Represent<br />

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and relaxation? The<br />

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The Ebbett Group WE<br />

LOVE VW is an opportunity<br />

for the team to give back to<br />

the community through various<br />

initiatives. One such<br />

initiative is the chance for<br />

deserving individuals to take a<br />

well-earned break in the fourberth<br />

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The team have had a huge<br />

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All you need to do is visit:<br />

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This campervan can be<br />

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Find out what else the<br />

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PropertY &<br />

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APRIL/MAY <strong>2023</strong><br />

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18 PROPERTY & DEVELOPMENT<br />

WAIKATO<br />

WAIKATO BUSINESS<br />

BUSINESS<br />

NEWS,<br />

NEWS, APRIL/MAY<br />

APRIL/MAY<br />

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<strong>2023</strong><br />

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WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong> PROPERTY & DEVELOPMENT 19<br />

THINGS TO EXPECT WHEN YOU<br />

Work with Landmark Homes.<br />

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We believe a home built by Landmark Homes should last a lifetime. That’s why we have a rigorous quality control procedure to make sure our buildings<br />

stand the test of time.<br />

The team at Landmark Homes <strong>Waikato</strong> is passionate about building amazing homes and seeing their clients’ dreams come true. This highly experienced<br />

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20 PROPERTY & DEVELOPMENT<br />

WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong><br />

CBD south-end looking better every day<br />

Union Square’s carpark building is<br />

now open, adding another 300-plus<br />

private car parks to the CBD. And<br />

the third building in this exciting new<br />

development (Building E) is expected to<br />

be ready in August.<br />

Very quickly, the<br />

south-end of Hamilton’s<br />

CBD is changing,<br />

growing and attracting enquiry<br />

from notable businesses –<br />

which is exactly what Fosters<br />

had in mind when they first<br />

floated the idea of the Union<br />

Square development in 2019.<br />

A Fosters joint venture project,<br />

Union Square is Hamilton’s<br />

marque office and retail development,<br />

bringing to Hamilton<br />

a world-class commerce environment.<br />

The precinct uniquely<br />

combines retail, office and lifestyle<br />

space and offers proximity<br />

to multiple public transport<br />

options, childcare providers,<br />

and hotels.<br />

Designed and built with<br />

the specific intent for occupiers<br />

to ‘Experience Better’,<br />

Union Square incorporates<br />

large inviting common<br />

spaces that encourage a sense<br />

of community. This, paired<br />

with exceptional architectural<br />

design, offers an experiential<br />

workplace to help businesses<br />

attract and retain talent.<br />

Within a short walking distance,<br />

tenants can soak up<br />

Hamilton’s already vibrant<br />

south-end, with inspiring<br />

exhibitions at the <strong>Waikato</strong><br />

Museum, a tasty selection of<br />

cafes, bars and award-winning<br />

restaurants. The new 1300-seat<br />

<strong>Waikato</strong> Regional Theatre, set<br />

for completion in 2024, will<br />

add world class music and theatre<br />

to the offering.<br />

Wellness is a key focus at<br />

Union Square with a gym, yoga<br />

and Pilates, and green spaces<br />

on offer within the precinct.<br />

End of trip facilities include<br />

over 30 shower/WC amenities,<br />

within individual buildings<br />

and the new car park building.<br />

These are professionally managed<br />

and supported with lockers,<br />

ironing and hair drying<br />

facilities.<br />

And the Union Square App<br />

– being developed with Company<br />

X - will add efficiency for<br />

tenants. Users will be able to<br />

book a yoga session, order coffee,<br />

book a meeting room in the<br />

business centre or even a share<br />

car to visit a client.<br />

“Fosters are honoured to<br />

play the role we have in reshaping<br />

the south-end of the CBD<br />

with the Union Square and<br />

Theatre projects. Both projects<br />

are prime examples of our continued<br />

commitment to investing<br />

in Hamilton City, with a<br />

view of building a strong future<br />

for the wider <strong>Waikato</strong> business<br />

community,” Fosters Develop<br />

Director Rhys Harvey says.<br />

Like-minded businesses<br />

– Rabobank, AA Insurance,<br />

Craigs Investment Partners –<br />

have already moved into Union<br />

Square. While the likes of Company<br />

X, BBO, Baker Tilly Staples<br />

Rodway, Harcourts and<br />

James & Wells are due to move<br />

into Building E, referred to as<br />

the Union Square <strong>Business</strong><br />

Centre, by the end of the year.<br />

Within the business centre,<br />

there will be state of the art<br />

meeting rooms and conference<br />

facilities which precinct tenants<br />

will be able to book by the hour,<br />

day, or week.<br />

Craigs Investment Adviser<br />

for Hamilton Stuart Anderson<br />

says moving into Union Square<br />

has been a fantastic experience.<br />

“We chose Union Square<br />

as we wanted to give our business<br />

room for future growth.<br />

We also wanted to enhance<br />

our ability to educate our staff<br />

and clients through better technology<br />

and innovative spaces.<br />

Most importantly, we wanted<br />

to provide our team with a<br />

vibrant and safe workspace,<br />

including secure private parking,<br />

which is increasingly hard<br />

to find in the CBD.<br />

“The lift in energy on day<br />

one when our team arrived<br />

was obvious” continues Stuart.<br />

“The workspace has exceeded<br />

expectations on overall aesthetics,<br />

services (including the café<br />

and facilities) as well as feeling<br />

like we’re part of something<br />

new and exciting, that will keep<br />

changing as more of this development<br />

takes shape.<br />

“Combined with the new<br />

Regional Theatre development,<br />

we’re really looking forward<br />

to the south end of the CBD<br />

becoming a great place to work<br />

and grow together as a team.”<br />

More than 150 people<br />

attended the Union Square<br />

rooftop shout at the end of<br />

<strong>April</strong>. The event combined<br />

a celebration of the new car<br />

park, plus an update on the<br />

CBD from Fosters, Hamilton<br />

Central <strong>Business</strong> Association,<br />

the <strong>Waikato</strong> Chamber of<br />

Commerce, and the <strong>Waikato</strong><br />

Regional Theatre.<br />

“We really enjoyed hosting<br />

a great range of Hamilton<br />

businesspeople at the rooftop<br />

shout” says Rhys. “It was<br />

a great opportunity for people<br />

to experience some of Union<br />

Square and to hear about the<br />

ongoing development of this<br />

area of town.<br />

“For us the car park is a forward-looking<br />

investment for<br />

both the city and our Union<br />

Square tenants. The rooftop<br />

also happens to offer fantastic<br />

views over the city – perhaps we<br />

can make rooftop CBD updates<br />

a regular thing in the future!”<br />

Mana whenua gifts name to St Peter’s<br />

Cambridge/3Ms joint venture subdivision<br />

Nearly two years ago,<br />

St Peter’s Cambridge<br />

entered into a joint<br />

venture with property developer,<br />

3Ms of Cambridge.<br />

The partnership will see 32<br />

of the school’s 170-hectare farmland<br />

transformed into a residential<br />

subdivision over the next<br />

four years.<br />

In a recent dawn ceremony,<br />

mana whenua - Ngāti Koroki<br />

Kahukura and Ngāti Hauā -<br />

gifted the name Arikirua to the<br />

subdivision.<br />

Mana whenua liaison Karaitiana<br />

Tamatea says Arikirua is<br />

the name of the nearby Paa site<br />

located on the banks of the awa.<br />

“As the awa was historically ‘state<br />

highway one’ for our tuupuna<br />

it was a logical place to have a<br />

paa site, coupled with the suitability<br />

of the nearby fertile land<br />

for growing crops. This name is<br />

significant to mana whenua, and<br />

naming the subdivision Arikirua<br />

reinstates the mana of the<br />

whenua. Both iwi trusts support<br />

the gifting of the name.”<br />

St Peter’s Cambridge School<br />

Trust Board chair John Macaskill-Smith<br />

says the school<br />

is grateful to Ngāti Koroki<br />

Kahukura and Ngāti Hauā for<br />

the gifted name.<br />

“The meaning is incredibly<br />

significant, and we value the<br />

connection it provides to the<br />

whenua and the farming history<br />

of the local area. For us, having<br />

a gifted name for this subdivision<br />

is just the beginning. We<br />

look forward to building a close<br />

relationship with mana whenua<br />

to help us bring the meaning of<br />

Arikirua to life by sharing more<br />

stories about the land and connection<br />

from the past, to the<br />

present and into the future.”<br />

In February 2022, St Peter’s<br />

announced that proceeds from<br />

the sale of the subdivision land<br />

will go into the school’s Endowment<br />

Fund.<br />

The newly established, intergenerational<br />

endowment fund is<br />

designed to ensure the school’s<br />

long-term financial independence<br />

for the benefit of current<br />

and future students.<br />

Accumulated funds will<br />

be used to further develop the<br />

school’s world-class facilities and<br />

educational options, while also<br />

providing scholarships, grants,<br />

and additional student support<br />

into the future.<br />

“We’ve structured the joint<br />

venture with 3Ms to see returns<br />

coming into the endowment<br />

fund over many years. With<br />

careful investment, over coming<br />

decades the endowment fund<br />

should grow into a substantial<br />

and diversified investment<br />

Mana whenua gift subdivision<br />

name to St Peters Cambridge<br />

portfolio, making it one of the<br />

most significant school endowment<br />

funds in New Zealand,”<br />

Macaskill-Smith says.<br />

The first of over 300 sections<br />

in the Arikirua subdivision will<br />

be available for sale in late 2024<br />

to early 2025.<br />

Since works began last year,<br />

3Ms has focused its development<br />

activity on earthworks, stormwater<br />

pipeline installation and<br />

groundwork preparations for<br />

roading and infrastructure.<br />

Owl Farm – the school’s<br />

demonstration dairy farm joint<br />

venture with Lincoln University,<br />

and partners Ballance Agri-Nutrients,<br />

Dairy NZ, Fonterra Farm<br />

Source, PGG Wrightson and<br />

Westpac - remains operational<br />

on the school’s property and will<br />

continue as a working farm for<br />

the foreseeable future.<br />

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WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong> NEW HOME FOR ACC 21<br />

Hawkins<br />

delivers more<br />

than meets the<br />

eye on ACC build<br />

As the main contractor of the Accident Compensation<br />

Corporation regional offices, Hawkins is responsible<br />

for delivering the project, including the base build<br />

works for Tainui Group Holdings and the integrated<br />

fitout for the Crown Tenant ACC. CONTINUED ON PAGE 22<br />

Amohia Ake, <strong>Waikato</strong> ACC Centre, Hamilton.<br />

hawkins.co.nz<br />

Proud to be Building Better<br />

Communities in the <strong>Waikato</strong>.


22 NEW HOME FOR ACC<br />

WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong><br />

Hawkins delivers<br />

more than meets the<br />

eye on ACC build<br />

Lyndon Jones Electrical are proud to be<br />

associated with The Tainui Group<br />

Holdings and Hawkins Construction with<br />

The ACC New Home Development Project.<br />

172 Ellis St, Hamilton<br />

P 07 847 9428<br />

E lyndon.jones@xtra.co.nz<br />

www.lyndonjoneselectrical.co.nz<br />

As well as delivering a<br />

significant landmark<br />

building, Hawkins<br />

central regional manager Ben<br />

Connick says a huge success<br />

for the Project Hauata build<br />

is the implementation of the<br />

social procurement initiatives<br />

for <strong>Waikato</strong>-Tainui affiliated<br />

subcontractors.<br />

“The training, development<br />

and financial outcomes<br />

achieved for these businesses<br />

and individuals have been significant.<br />

We now have data<br />

and reporting tools which<br />

can demonstrate the flow of<br />

money back into the <strong>Waikato</strong>-Tainui<br />

business community<br />

from THG’s investment.<br />

There is so much more we can<br />

do with this data and I feel the<br />

project team have created a<br />

great prototype to build on for<br />

future projects.”<br />

The project began back in<br />

October 2022 and like most<br />

large-scale projects undertaken<br />

over a long period of<br />

time, Ben says, they faced<br />

challenges at certain points<br />

during the build.<br />

“Many of the supply chain<br />

constraints and environmental<br />

challenges encountered<br />

on Project Hauata were not<br />

apparent during the early<br />

planning stages,” he explains.<br />

“I feel proud of the way<br />

our team have overcome<br />

these challenges through a<br />

mighty work ethic, innovative<br />

sequencing and methodologies.<br />

The ability for the team to<br />

quickly react to the changing<br />

market and implement alternative<br />

procurement processes<br />

was also a key factor in mitigating<br />

time impacts, escalation<br />

and shipping constraints.”<br />

Ben says the project was set<br />

up for success through TGH’s<br />

forward thinking and decisive<br />

approach to procurement<br />

processes, which aligned with<br />

the market conditions, along<br />

with the investment in a great<br />

design and consultant team.<br />

Delivering a circa<br />

10,000m2 landmark building<br />

in Hamilton’s CBD, Ben says,<br />

Projects of this<br />

significance are<br />

the reason many<br />

of us work in<br />

this industry<br />

is a project the Hawkins team<br />

will feel proud of for decades<br />

to come.<br />

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Both Tainui Group Holdings<br />

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“While there is a drive from<br />

both businesses to produce<br />

the most impressive buildings<br />

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projects as a vehicle to develop<br />

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and businesses in the property<br />

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24 NEW HOME FOR ACC<br />

WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong><br />

TGH delivers<br />

striking new<br />

<strong>Waikato</strong> home<br />

for ACC<br />

<strong>May</strong>or Paula Southgate, TGC chair Hinerangi Raumati-Tu’úa, ACC CEO Megan Main, Kiingi<br />

Tuheitia, ACC chair Hon. Steve Maharey, Te Whakakitenga chair Parekawhia McLean, TGC<br />

CEO Chris Joblin, Te Arataura chair Tukoroirangi Morgan, <strong>Waikato</strong>-Tainui CEO Donna Flavell<br />

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The striking new regional offices<br />

developed by Tainui Group Holdings for<br />

the Accident Compensation Corporation<br />

(ACC) were recently opened.<br />

Kiingi Tuheitia also<br />

unveiled the new<br />

name for the building<br />

- Amohia Ake. The name<br />

takes its significance from a<br />

<strong>Waikato</strong>-Tainui tongikura<br />

(saying), “Amohia ake te ora o<br />

te iwi, ka puta ki te whei ao -<br />

the wellbeing of the people is<br />

paramount.”<br />

The 8,500 square metre<br />

offices, in three distinctive<br />

pavilions bearing <strong>Waikato</strong>-Tainui<br />

tribal designs, will<br />

initially accommodate around<br />

800 ACC staff, bringing<br />

together two existing Hamilton<br />

offices for ACC.<br />

Te Whakakitenga o<br />

<strong>Waikato</strong>, the <strong>Waikato</strong>-Tainui<br />

parliament chair Parekawhia<br />

McLean says the new home<br />

for ACC in Hamilton is a<br />

case study in the successful<br />

commercial development of<br />

whenua that came back to the<br />

iwi through the 1995 settlement<br />

process, and will produce<br />

benefits for all.<br />

“<strong>Waikato</strong>-Tainui has<br />

proudly developed this whare<br />

as a long-term home for the<br />

hard-working kaimahi (staff)<br />

of ACC in a way that benefits<br />

ACC, Hamilton, our wider<br />

region and <strong>Waikato</strong>-Tainui<br />

itself.”<br />

Ownership of the underlying<br />

whenua, which is a former<br />

maara kai or vegetable<br />

garden in pre-colonial days is<br />

retained by <strong>Waikato</strong>-Tainui,<br />

with ACC taking a long-term<br />

lease over the new offices.<br />

The Minister for ACC<br />

Peeni Henare says this is a<br />

significant development for<br />

both <strong>Waikato</strong>-Tainui and<br />

ACC.<br />

“I’m delighted to see the<br />

culmination of this iwi and<br />

crown partnership and the<br />

vibrancy this will bring to the<br />

local CBD in the post-COVID<br />

era.”<br />

ACC chief executive Megan<br />

Main says the new office provides<br />

an opportunity for ACC<br />

kaimahi to work together in<br />

the CBD.<br />

“This new long-term home<br />

brings together around 800<br />

people who were previously<br />

working from two offices. The<br />

new space is in the heart of<br />

this important community,<br />

close to transport links and<br />

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WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong> NEW HOME FOR ACC 25<br />

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some of the<br />

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Also present at the karakia<br />

and opening alongside Kiingi<br />

Tuheitia were Hon. Nanaia<br />

Mahuta, ACC Chair Hon.<br />

Steve Maharey, ACC CEO<br />

Megan Main and Andrew<br />

Milne, Deputy Chief Executive,<br />

Strategy, Engagement<br />

and Planning, along with<br />

TGH Chair, Hinerangi Raumati-Tu’ua,<br />

TGH CEO, Chris<br />

Joblin and around 130 guests.<br />

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26 WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong><br />

PwC’s annual CEO survey<br />

Over the past few years, adapting to change and volatility<br />

has become a constant and we’ve already seen that play<br />

out this year, with the disruption caused by the Auckland<br />

floods and Cyclone Gabrielle. These events are set against<br />

a backdrop of other immediate issues such as higher<br />

inflation, the threat of recession, continued supply chain<br />

challenges and ongoing labour and skills shortages.<br />

Results from PwC’s<br />

annual CEO Survey<br />

show that these<br />

concerns are dominating the<br />

CEO agenda as leaders look to<br />

drive profitability in the face of<br />

numerous headwinds.<br />

To help navigate this we<br />

can use insights from the<br />

<strong>2023</strong> PwC CEO survey, which<br />

collected data from almost<br />

5,000 CEOs in 105 countries<br />

and territories, including 142<br />

Aotearoa New Zealand CEOs.<br />

Here we explore key areas of<br />

prioritisation identified in the<br />

survey and how businesses can<br />

apply the insights.<br />

Digital Transformation<br />

Survey results show that CEOs<br />

are investing in technology<br />

to transform their businesses<br />

and ensure long-term growth<br />

and prosperity. In Aotearoa<br />

New Zealand there is a particular<br />

focus on new technologies,<br />

such as cloud, automation<br />

and artificial intelligence (AI).<br />

When it comes to technology,<br />

the majority of business leaders<br />

are making investments<br />

with an emphasis on reinventing,<br />

rather than just maintaining<br />

their current business<br />

(63% compared to 37%).<br />

Sustainability & ESG<br />

When the survey was conducted<br />

in late 2022, CEOs in<br />

Aotearoa New Zealand were<br />

more focused on their economic<br />

environment with only<br />

8% feeling extremely or highly<br />

exposed to climate change.<br />

When asked about actions their<br />

company has taken to prepare<br />

for climate risk, the focus is<br />

firmly on implementing initiatives,<br />

innovating products<br />

and processes, and developing<br />

a strategy. Applying an internal<br />

price on carbon in decision-making<br />

is at the bottom of<br />

the table, with 61% saying they<br />

have no plan to do it. However,<br />

companies need to understand<br />

the importance of factoring an<br />

internal price on carbon, which<br />

is essential for organisations<br />

to adequately anticipate and<br />

manage the risks of the transition<br />

to a zero carbon economy.<br />

Innovation<br />

<strong>Business</strong>es are adopting a culture<br />

of innovation to continue<br />

to be ahead of competitors and<br />

respond to customers’ changing<br />

needs. The survey shows<br />

that CEOs are investing in<br />

research and development,<br />

collaborating with partners<br />

and leveraging emerging technologies<br />

to achieve this, driving<br />

growth and differentiation.<br />

Talent and Culture<br />

This remains an ongoing challenge<br />

for businesses, particularly<br />

in the tech space and<br />

healthcare industry, with a<br />

high demand for skilled workers.<br />

There is an opportunity for<br />

CEOs to think about how they<br />

can best use technology, such<br />

as automation, alongside their<br />

employees to ease the pressure<br />

BUSINESS IN<br />

THE WAIKATO<br />

BY MARK MCCABE<br />

Managing Partner, PwC<br />

and drive longer-term transformation.<br />

The survey showed<br />

that 86% of NZ CEOs are<br />

investing in upskilling their<br />

workforce in the next year, and<br />

92% are developing leadership<br />

and talent to drive the productivity<br />

of their workforce in the<br />

next 12 months. A further 83%<br />

are planning to upskill and<br />

reskill their employees.<br />

Learn more about what’s on<br />

the minds of CEOs in Aotearoa<br />

New Zealand at www.pwc.<br />

co.nz/insights-and-publications/ceo-survey/<br />

ceo-survey-<strong>2023</strong><br />

<strong>Waikato</strong> <strong>Business</strong> Awards launch<br />

event showcases last year’s winners<br />

The <strong>Waikato</strong> Chamber of<br />

Commerce <strong>Business</strong> Awards<br />

recently opened at an official<br />

launch at 2022 supreme winner<br />

Profile Group’s PPL site in Te Rapa.<br />

Applications for the prestigious<br />

awards are now open, and aspiring<br />

businesses and individuals have until<br />

midday Friday, June 30 to submit<br />

their written entry highlighting the<br />

strengths and achievements of their<br />

business. Attendees at the launch<br />

event heard from 2022 winners<br />

including Supreme Award winner<br />

Profile Group and Emerging Leader<br />

winner Jo Franzen.<br />

Chamber CEO Don Good says he<br />

was always impressed by the region’s<br />

innovative and high-performance<br />

business spirit that shone through in<br />

the awards.<br />

“The awards are a superb opportunity<br />

for businesses to increase their<br />

exposure, and receive professional<br />

insights and recommendations on<br />

their strategy.”<br />

Entrants receive detailed feedback<br />

from the judge's assessment, which<br />

can then be used to grow, develop and<br />

improve their business.<br />

“Every year we hear from entrants<br />

about how beneficial that feedback is<br />

from the judges,” Good says.<br />

The judging team of more than<br />

30 <strong>Waikato</strong> business leaders, headed<br />

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

Heather Connolly, reviews each application<br />

before selecting who will progress<br />

to stage two.<br />

Stage two involves a two-hour site<br />

visit with judges asking questions<br />

about the application and the business.<br />

Finalists will then be selected,<br />

with the winners of each category<br />

announced at a Gala Dinner on Friday,<br />

November 17.<br />

The chamber will host drop-in info<br />

sessions for people wanting to know<br />

more about the entry process. These<br />

will take place on Friday, <strong>May</strong> 26 and<br />

Friday, June 23 and are open to everyone.<br />

Attendees will receive guidance<br />

on how to write an impressive application<br />

and learn what stands out to<br />

the judges.<br />

For more information about<br />

entering the awards or to register<br />

to attend the drop-in sessions,<br />

visit www.waikatochamber.co.nz/<br />

business-awards-<strong>2023</strong>/<br />

Barry Soper<br />

Lunch with Barry Soper<br />

They say politics and<br />

business don’t mix.<br />

But it’s election year,<br />

and chances are the <strong>2023</strong><br />

General Election - scheduled<br />

for Saturday October 14 -<br />

will impact us all, one way or<br />

another.<br />

There is the excitement of<br />

the campaign, the spectacle<br />

of waving signs on the side of<br />

the road and live debates, new<br />

policy statements and bold<br />

promises, and a lot of media<br />

coverage.<br />

Then the result, with the<br />

potential to change people’s<br />

lives and livelihoods.<br />

What can the business<br />

community expect from this<br />

election?<br />

To get some insights into<br />

the process, veteran political<br />

journalist Barry Soper is coming<br />

to Hamilton for an exclusive<br />

lunch event on Wednesday<br />

<strong>May</strong> 31, organised by the Public<br />

Relations Institute of New<br />

Zealand (PRINZ) and the Institute<br />

of Directors (IoD) <strong>Waikato</strong><br />

committees.<br />

As the longest serving<br />

member in the Parliamentary<br />

Press Gallery, Barry has<br />

a unique behind-the-scenes<br />

view on politics gleaned from<br />

decades of reporting on prime<br />

ministers, world leaders and<br />

politics.<br />

Barry is currently political<br />

editor at <strong>News</strong>Talk ZB, and is<br />

a frequent political commentator<br />

on television.<br />

He began his career in the<br />

1970s working for The Southland<br />

Times, and has also<br />

worked for Otago Daily Times,<br />

<strong>Waikato</strong> Times and APN. He<br />

moved to broadcast media,<br />

then parliamentary reporting<br />

and served an unprecedented<br />

three terms as chairman of the<br />

press gallery.<br />

Through his work, Barry<br />

has got to know and travelled<br />

with many of our Prime Ministers,<br />

starting with Sir Robert<br />

Muldoon, followed by David<br />

Lange, Geoffrey Palmer, Mike<br />

Moore, Jim Bolger, Jenny<br />

Shipley, Helen Clark, John<br />

Key, Bill English, Jacinda Ardern<br />

and current PM Chris Hipkins<br />

(Barry’s 11th PM).<br />

So, what can we expect<br />

in the lead up to the October<br />

elections?<br />

Come along and hear<br />

from Barry as he dishes up<br />

his opinions and insights<br />

over lunch in a light-hearted<br />

presentation.<br />

Astute and witty, with a<br />

great sense of humour, Barry’s<br />

event is a must-attend for<br />

<strong>Waikato</strong> business people and<br />

community leaders and is open<br />

to anyone.<br />

The event, <strong>2023</strong> General<br />

Election: insights and observations<br />

from Barry Soper, will<br />

be held at the FMG stadium,<br />

from 11.30am to 1.30pm on<br />

Wednesday, <strong>May</strong> 31.<br />

The ticket price of $89+GST<br />

includes delicious grazing<br />

platter food, with all dietary<br />

requirements catered for.<br />

There will be a cash bar available,<br />

and free parking on site.<br />

Please register either<br />

through the PRINZ website<br />

(www.prinz.org.nz) or via the<br />

Institute of Directors website<br />

(www.iod.org.nz) under the<br />

Events tab.


WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong> 27<br />

<strong>Waikato</strong> housing market insights<br />

with Kiwibank chief economist<br />

<strong>Waikato</strong> house prices are expected to<br />

stabilise over the next year or two, and<br />

home loan rates will start falling by the<br />

end of <strong>2023</strong>, according to Kiwibank<br />

economist Jarrod Kerr.<br />

Speaking at a recent<br />

event hosted by <strong>Waikato</strong><br />

Real Estate, Kerr<br />

explained that global inflation<br />

had peaked and was declining,<br />

which would help bring New<br />

Zealand’s inflation under<br />

control. He says around half<br />

of the inflation experienced in<br />

New Zealand was coming from<br />

offshore, so it was essential to<br />

examine what was happening<br />

globally.<br />

He added that domestic<br />

inflation was mainly driven<br />

by the cost of building houses,<br />

which had gone up by 20-30%<br />

in recent years.<br />

The <strong>Waikato</strong> housing<br />

market is of great interest to<br />

<strong>Waikato</strong> Real Estate, a local<br />

and family-owned Property<br />

Management company led by<br />

Michelle Pearson.<br />

“We are managing a portfolio<br />

of over 1,200 properties in<br />

the greater Hamilton area, so<br />

working alongside our property<br />

owners to understand<br />

Kiwibank economist<br />

Jarrod Kerr<br />

market conditions is key<br />

to their success and ours,”<br />

Michelle says.<br />

During the discussion, Kerr<br />

also highlighted that there was<br />

a good chance New Zealand<br />

had already entered a technical<br />

recession. He pointed<br />

out that the fourth quarter of<br />

2022 had seen a contraction of<br />

0.6%, which could lead to two<br />

quarterly contractions, which<br />

technically means a recession.<br />

He warned that the worst of<br />

the recession could still be yet<br />

to come, as the Reserve Bank<br />

of New Zealand and Treasury<br />

were forecasting a recession to<br />

begin in the middle of <strong>2023</strong>.<br />

Kerr also spoke about the<br />

outlook for builders and developers,<br />

who were facing high<br />

borrowing and material costs<br />

and high wages. He says the<br />

industry was likely to experience<br />

a massive ramp-up in<br />

construction followed by a significant<br />

slowdown, as has been<br />

the trend in New Zealand in<br />

the past. However, he added<br />

the Hawkes Bay rebuild, which<br />

was expected to begin soon,<br />

could slow down the process.<br />

Increased regulation<br />

around owning rental properties<br />

was discussed. Kerr says<br />

the RBNZ’s introduction of<br />

Michelle Pearson<br />

Debt-to-Income rules, slated<br />

for <strong>April</strong> 2024, are a possible<br />

disruptor and something<br />

property investors should keep<br />

an eye on.<br />

When asked by the audience<br />

what he would do if his<br />

mortgage was coming off a<br />

fixed rate. Jarrod pointed out<br />

that he cannot provide financial<br />

advice but can share what<br />

he does himself. Recently,<br />

he had a loan to re-fix and he<br />

opted to split up the loan and<br />

fixed for a short period only,<br />

feeling that interest rates<br />

will fall towards the end of<br />

the year.<br />

Create a culture of content to build trust<br />

Every business has a<br />

story to tell, knowledge<br />

to share and news about<br />

what is happening within the<br />

company or organisation.<br />

From a florist to a lawyer, to a<br />

hotel, each has their own niche<br />

to discuss with their current<br />

and potential customers.<br />

Putting this knowledge and<br />

news down on ‘paper,’ and<br />

publishing it on your owned<br />

channels (website, e-newsletter,<br />

social media etc.), is a great<br />

way to inform and get potential<br />

customers over the line, especially<br />

if your goods or services<br />

require due diligence on the<br />

customer’s part or are linked<br />

to significant decision-making.<br />

Customers might use a blog<br />

you’ve written or a ‘how-to’<br />

video you’ve created to decide<br />

which product options work<br />

best for them, different ways<br />

to use a product, or learn about<br />

services you offer that they<br />

don’t currently use.<br />

Moreso than ever before,<br />

customers do their due diligence<br />

online and want to first<br />

trust you before they will buy<br />

from you. That’s why your business<br />

must continually develop<br />

and promote content –articles,<br />

tip sheets, how-to videos, slide<br />

shows, podcasts - to showcase<br />

your experience and build that<br />

trust over the long-term.<br />

Developing content – and<br />

‘giving’ it away for free – is also<br />

PR AND<br />

COMMUNICATIONS<br />

BY HEATHER CLAYCOMB<br />

Heather Claycomb is director<br />

of HMC, a Hamilton-based,<br />

award-winning public<br />

relations agency.<br />

an excellent way to build the<br />

profile (and trustworthiness) of<br />

your employees and leadership<br />

team.<br />

Getting started<br />

Your website is the first and<br />

most important place to house<br />

content, so this needs to be up<br />

to scratch. An important starting<br />

point is creating a content<br />

hub where news, articles, videos,<br />

podcast episodes, PDFs<br />

for download, infographics and<br />

more can be regularly uploaded<br />

to one singular place (usually a<br />

tab on your main menu).<br />

Your goal is going to be<br />

to drive people back to that<br />

content over and over again<br />

through all your company’s<br />

communications channels.<br />

And when the content is good,<br />

each time your audience visits,<br />

you’ll put a deposit in the trust<br />

bank.<br />

Keeping it going<br />

You really need to think about<br />

how you can create a culture of<br />

content in your business. Try to<br />

make best practice communication<br />

one of your key business<br />

values and start sharing your<br />

news, knowledge and expertise<br />

with your audiences.<br />

Making content creation<br />

part of your organisational<br />

culture will make it easier to<br />

commit to regularly populating<br />

your content hub and sharing<br />

that content in different ways<br />

through each channel under<br />

your control.<br />

Here are three ways to stay<br />

on track and committed to<br />

ongoing content creation:<br />

Reminders: You could<br />

set a reminder each month<br />

to make sure you set aside<br />

an hour to put something<br />

together.<br />

Involve others: Perhaps<br />

there is a reliable staff member<br />

who could be put in<br />

charge of the task of seeking<br />

out content ideas. We’d definitely<br />

encourage getting as<br />

many of the team involved<br />

as possible; this means more<br />

ideas and it can be a morale<br />

boost to reflect on team<br />

successes and demonstrate<br />

their knowledge.<br />

Plan: Another way to keep<br />

yourself committed is by<br />

laying out a quarterly calendar,<br />

with key topics for<br />

each month and team members<br />

assigned to each action.<br />

Include goals and measurables<br />

in your plan so you can<br />

stay on track.<br />

If you need some ideas of<br />

what content to develop or need<br />

a starting point for your blog or<br />

articles, try ChatGPT for some<br />

thought-starters.<br />

Tools that will help<br />

We encourage our clients to<br />

move beyond the written word,<br />

and there are a range of tools<br />

that can help you create something<br />

visual without the help of<br />

a graphic designer. Canva.com<br />

is a great place to start for this,<br />

where you can presentations,<br />

slide shows, charts, infographics,<br />

social media imagery and<br />

more.<br />

Others to try include: Lemonly.com<br />

for infographics and<br />

CapCut.com video maker. And<br />

give an AI image generator a try,<br />

for instance OpenAI’s Dall-E.<br />

There are a range of tools<br />

out there to help make the content<br />

creation job easier.<br />

Our team<br />

DESIGNER<br />

Kelly Gillespie<br />

kelly@dpmedia.co.nz<br />

DESIGNER<br />

Warren Gilberston<br />

design@dpmedia.co.nz<br />

EDITORIAL<br />

Janine Jackson<br />

editor@dpmedia.co.nz<br />

ADVERTISING<br />

MANAGER<br />

Joanne Poole<br />

Ph: (07) 838 1333<br />

Mob: (021) 507 991<br />

joanne@dpmedia.co.nz<br />

PUBLISHER<br />

Deidre Morris<br />

Ph: (07) 838 1333<br />

Mob: 027 228 8442<br />

deidre@dpmedia.co.nz<br />

•••<br />

STUDIO<br />

Copy/Proofs:<br />

studio@dpmedia.co.nz<br />

SUBSCRIPTIONS<br />

accounts@dpmedia.co.nz<br />

131 Victoria Street, Hamilton<br />

Ph: (07) 838 1333<br />

www.wbn.co.nz<br />

-<br />

www.dpmedia.co.nz


28 CRAIGS INVESTMENT PARTNERS WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong><br />

Craigs Investment<br />

Partners open office<br />

at Union Square<br />

Craigs Investment Partners (Craigs)<br />

has opened the doors to its newly<br />

appointed office in Hamilton’s Union<br />

Square development.<br />

One of New Zealand’s<br />

leading investment<br />

advisory firms, Craigs<br />

says the new space allows for<br />

the continued growth of its<br />

advisory and client base, and<br />

signals its ongoing commitment<br />

to Hamilton’s CBD and<br />

the greater <strong>Waikato</strong> region.<br />

“Craigs has been a part<br />

of the Hamilton community<br />

since it first opened its doors<br />

here in 1995. In the mid-nineties,<br />

the demutualisation of<br />

insurance and power companies<br />

led to many New Zealanders<br />

owning shares for the first<br />

time. Craigs & Co. had queues<br />

down the street, with people<br />

eager to enlist the support of<br />

sound financial advice,” says<br />

Craigs’ Investment Adviser<br />

Stuart Anderson.<br />

Since then, the Hamilton<br />

branch has grown to a team<br />

of more than 30 advisers and<br />

support staff, servicing close<br />

to 6,000 client relationships in<br />

the region with over $2 billion<br />

in funds under management.<br />

“The Hamilton branch<br />

plays an active role in the<br />

<strong>Waikato</strong> community, many<br />

advisers are involved with<br />

community organisations,<br />

recognising the importance<br />

of giving back to their local<br />

area,” says Anderson.<br />

People-centric design<br />

The Union Square development<br />

is a people-focused project<br />

designed to encourage<br />

activity back into the CBD,<br />

and the Craigs’ office includes<br />

several features designed to<br />

enhance employee and client<br />

experience.<br />

Craigs engaged Jigsaw<br />

Architects (Jigsaw) to come<br />

up with a flagship design<br />

concept that could be progressively<br />

rolled out to its nationwide<br />

network of branches,<br />

overlayed with a local sense of<br />

place.<br />

“Our brief was to design<br />

a space that achieved a high<br />

value outcome for both clients<br />

and employees, recognising<br />

the esteem that Craigs is held<br />

in, and celebrating its financial,<br />

social and environmental<br />

success,” says Registered<br />

Architect and Jigsaw Director<br />

Lance Adolph.<br />

“To achieve this, we utilised<br />

spatial planning to maximise<br />

daylight and long external<br />

views. Quality materials<br />

and unique design elements<br />

were thoughtfully incorporated<br />

to promote a sense of<br />

optimism and local identity.”<br />

Design factors were used to<br />

support employee health and<br />

wellbeing, and meet the functional<br />

needs of the space. Care<br />

was given to ensure a balance<br />

of visibility, security and connection<br />

between staff and client<br />

spaces.<br />

“The office features an<br />

employee wellness room,<br />

ergonomic considerations<br />

throughout, and a wellequipped<br />

lunchroom complete<br />

with fresh herb garden.<br />

An emphasis on natural<br />

materials, good access to daylight<br />

and integrated artworks<br />

combine to make it a place<br />

employees want to be,” says<br />

Anderson.<br />

“For our team and our clients,<br />

we’ve included a library<br />

stocked with investment publications.<br />

Investor education is<br />

a cornerstone of our business.<br />

Each of our clients comes to<br />

us with unique circumstances<br />

and investment goals. We<br />

work in partnership with them<br />

to provide advice tailored to<br />

Craigs' Hamilton team<br />

in their new office<br />

their personal needs, backed<br />

by extensive research. The<br />

investment library is an extension<br />

of our commitment to<br />

build our clients’ knowledge<br />

and confidence as investors.<br />

We want our new branch to<br />

be an ‘Investment Centre for<br />

Excellence’, and building our<br />

advisers’ and clients’ knowledge<br />

will always be at the forefront<br />

of what we do.”<br />

Adolph says the Craigs<br />

office exemplifies a shift in<br />

expectation around office<br />

spaces. “Health and wellbeing<br />

CONTINUED ON PAGE 30<br />

Everyone’s investment story is different.<br />

We can help you with yours.<br />

Visit us at our new address:<br />

Level 2, 32 Hood Street, Hamilton<br />

P: 07 838 1818 | E: hamilton@craigsip.com<br />

craigsip.com<br />

Craigs Investment Partners Limited is a NZX Participant firm. The Craigs Investment Partners Limited Financial Advice Provider Disclosure Statement can be viewed at<br />

craigsip.com/tcs. Please visit craigsip.com.


Alaska delivers high-end fitout for Craigs<br />

Investment Partners’ Union Square offices<br />

Multi award-winning construction and<br />

fitout company Alaska has brought their<br />

expertise to the new Craigs Investment<br />

Partners’ offices in Union Square.<br />

Joining other blue-chip<br />

organisations such as<br />

Rabobank and AA Insurance<br />

Service Centre, BBO and<br />

Baker Tilly Staples Rodway, it<br />

was important to Craigs IP that<br />

they created an office space to<br />

match the landmark building,<br />

while enhancing employee and<br />

client experience.<br />

Alaska director Liam<br />

Osborne says the team oversaw<br />

every detail of the build portion<br />

of the project from inception to<br />

completion, and in a very short<br />

timeframe.<br />

“It was a reasonably tight<br />

programme, with a start date<br />

just prior to Christmas, in order<br />

to get the Craigs team into the<br />

new spaces, as they had to move<br />

out of their existing office by<br />

late March.”<br />

Liam describes the project<br />

as high-end with lots of spaces<br />

for client meetings with AV<br />

and acoustic requirements, an<br />

appealing cafeteria space positioned<br />

on the level three corner<br />

of the building and a bespoke<br />

board room and reception area.<br />

A job of this calibre meant<br />

getting the best contractors at<br />

the right price and Alaska has<br />

experience in droves when it<br />

comes to managing premium<br />

office fitouts.<br />

“As the main contractor,<br />

we managed the build; from<br />

obtaining pricing from all sub<br />

trades and suppliers, negotiating<br />

and letting the contracts<br />

with them when the job was<br />

awarded, and managing them<br />

throughout the programme to<br />

when we handed over the job<br />

on time to Craigs,” Liam says.<br />

Led by Liam as the contracts<br />

manager, the project was<br />

backed up by project manager<br />

Matthew Wade running the<br />

day-to-day site management<br />

and quantity surveyor John Lillywhite<br />

controlling all the costs<br />

and awarding contracts.<br />

With over 20 different contractors<br />

to manage, it takes the<br />

experience of a team like Alaska<br />

to execute the visionary design<br />

and architecture of this project.<br />

Most of those contractors<br />

are based in the <strong>Waikato</strong>,<br />

including FB Hall Plumbing,<br />

Zero Fire, Feist Electrical, Van<br />

Dykes Flooring, <strong>Waikato</strong> Decorators,<br />

CM Glassware, Impact<br />

Tiling.<br />

“I’d say 70 per cent of the<br />

contractors on this job are<br />

<strong>Waikato</strong> based,” he says.<br />

The construction industry is<br />

always fraught with challenges,<br />

and Liam says they had to work<br />

around some of their Auckland-based<br />

contractors who<br />

were impacted by the recent<br />

floods.<br />

Alaska is not new to working<br />

in the <strong>Waikato</strong>, with a number<br />

of quality builds and fitouts in<br />

their portfolio, including Tainui<br />

Group Holdings projects, Cambridge<br />

Police Hub new build,<br />

Hancocks Forestry Management’s<br />

new Tokoroa office<br />

build, IR Fitout in Hamilton,<br />

KMPG offices and CTEK.<br />

“We’ve been very active<br />

in Hamilton and the wider<br />

<strong>Waikato</strong> over the past ten<br />

years.”<br />

Building relationships and<br />

connections is an important<br />

part of being active in the<br />

industry for the 17 years Alaska<br />

has been operating.<br />

“There are projects that have<br />

presented opportunities, as well<br />

as some repeat clients. We have<br />

quite a lot of repeat business in<br />

the <strong>Waikato</strong>,” Liam says.<br />

Kiwi owned and operated<br />

with offices in Auckland, Hamilton,<br />

Tauranga, Wellington,<br />

Christchurch, Queenstown and<br />

Invercargill, Alaska has been<br />

delivering excellence since<br />

2006.<br />

Alaska is known for their<br />

‘user friendly’ approach and<br />

delivering on time, on budget,<br />

every time.


30 CRAIGS INVESTMENT PARTNERS WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong><br />

Craigs Investment<br />

Partners open office<br />

at Union Square<br />

COMMERCIAL SPECIALISTS<br />

Design build capable<br />

Collaborative approach<br />

Strong local relationships<br />

DOMESTIC AND COMMERCIAL MAINTENANCE<br />

• Gasfitting service and install<br />

• Programmed maintenance contracts<br />

• Roof and gutter assessment and repair<br />

• IPQ for backflow test and survey<br />

F.B. HALL & Co. Ltd<br />

Since 1923<br />

A preferred and trusted supplier.<br />

Proud to be the plumber of choice for<br />

Craigs Investment Partners fitout.<br />

07 847 4780<br />

service@fbhall.co.nz<br />

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www.fbhall.co.nz 24 HOURS<br />

FROM PAGE 28<br />

continue to gain a stronger<br />

emphasis as companies<br />

increasingly embrace the<br />

triple bottom line – especially<br />

when they can see real<br />

benefits through improved<br />

employee engagement and client<br />

satisfaction.”<br />

For Craigs’ Investment<br />

Adviser Laura Thomas, the<br />

move has been invigorating.<br />

“Walking into the office<br />

felt like my third ‘first day’ at<br />

Craigs,” says Thomas, who<br />

was employed as an assistant<br />

and then associate, before<br />

leaving to further her financial<br />

management career in the UK,<br />

and then returning in 2021 to<br />

become an adviser.<br />

“We are loving having more<br />

space to host events and grow<br />

the business. We have already<br />

hosted a Young Professionals<br />

event and will welcome Chamber<br />

members for an event<br />

in June. The office is warm<br />

and inviting, and extremely<br />

user-friendly with client and<br />

employee carparking, and<br />

plenty of meeting spaces all<br />

equipped with screen technology<br />

for video calls.<br />

“Craigs has been a supportive<br />

place to work, providing<br />

training and promotion<br />

opportunities, and leaving the<br />

door open for me to return<br />

after my travel. As an investment<br />

adviser you can have<br />

a big impact in your client’s<br />

lives. I am supported by our<br />

research and administrative<br />

teams to give my clients the<br />

best chance of success. The<br />

new office space feels like<br />

another string in the bow for<br />

our client offering.<br />

“Craigs has grown quickly,<br />

and we have needed to<br />

embrace new systems and<br />

technology to accommodate<br />

that growth, but at our heart<br />

we are a grassroots company<br />

with deep ties to our<br />

community. I think our new<br />

office reflects that.”<br />

Sustainable choices<br />

Architects are seeing a higher<br />

awareness and desire for<br />

sustainable outcomes, says<br />

Adolph, as companies like<br />

Craigs look to reduce the environmental<br />

impacts of their<br />

operations.<br />

“In the Craigs office, we<br />

have favoured materials with<br />

green certification, some<br />

achieving a full lifecycle cradle-to-cradle<br />

loop. Lighting is<br />

on tighter zone circuits, utilising<br />

daylight harvesting and<br />

occupancy sensors for reduced<br />

energy consumption. There<br />

are a number of timbers in<br />

play in the office, celebrating<br />

the natural environment while<br />

providing a higher carbon sink<br />

than more highly processed<br />

materials,” he says.<br />

Local connections<br />

Jigsaw’s concept referenced<br />

local iconic bridge structures<br />

and materials into the design<br />

language. “With their strong<br />

relationship to the <strong>Waikato</strong><br />

River, the industrial form<br />

of these bridges represents<br />

a sense of connection and<br />

opportunity for the region.<br />

Abstracting these for material<br />

and geometry design language<br />

provided the perfect<br />

analogy for Craigs’ connection<br />

to Hamilton and the greater<br />

<strong>Waikato</strong>,” says Adolph. The<br />

Craigs’ Hamilton branch services<br />

clients as far as Pukekohe,<br />

Raglan, Coromandel<br />

and Taumarunui.<br />

The local references continue<br />

in the lunchroom, where<br />

a commissioned artwork by<br />

Ben Bartels, the brother of<br />

Craigs Investment Adviser<br />

Nick Bartels, is on display.<br />

The mural is a celebration of<br />

the <strong>Waikato</strong>, featuring hot air<br />

balloons, the Fairfield Bridge,<br />

The Rocky Horror Picture<br />

Show, the Raglan surf break,<br />

Hobbiton, and more.<br />

The reception area features<br />

a topographical map of<br />

New Zealand made by Jonty<br />

McCool, son of retired adviser<br />

Johnny McCool. Made from<br />

totora, the map identifies<br />

Craigs’ 19 offices throughout<br />

the county and will be<br />

installed in each office over<br />

time.<br />

Adolph says the reception<br />

area is the part of the space<br />

that excites him the most.<br />

“The combination of materials<br />

and spatial configuration<br />

are really successful. This is<br />

a space with strong textured<br />

surfaces and spatial layering,<br />

resulting in in a depth of experience<br />

which would not have<br />

been achieved with a generic<br />

design response.”<br />

The nature of investing<br />

Another notable artwork commissioned<br />

for the office is a<br />

bull and bear feature across<br />

staff lockers, representing the<br />

cyclical nature of investment<br />

with a rising ‘bull market’ and<br />

a falling ‘bear market’. Framed<br />

newspaper clippings further<br />

tell the story of market ups<br />

and downs over time – major<br />

floats and market corrections<br />

– where Craigs’ advice was<br />

sought by local journalists.<br />

Anderson says the installations<br />

are a nod to the company’s<br />

history and influence, and<br />

provide reassurance through<br />

current market conditions.<br />

“Market corrections are a normal<br />

part of the investment<br />

cycle. It helps for our clients<br />

to know that their adviser will<br />

have navigated periods like<br />

this before, probably more<br />

than once. That reassurance<br />

can help investors stay the<br />

course to realise their objectives<br />

in the long-term.”


WAIKATO BUSINESS NEWS, APRIL/MAY <strong>2023</strong> 31<br />

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Joanne Turner (Hamilton Christian Night Shelter), Tracey Olivier (CliftonStrengths), Tania Witheford (CELF)<br />

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