Waikato Business News | March 1, 2024
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Connect - Grow - Inspire - Represent<br />
8 MAY <strong>2024</strong><br />
Fosters – thriving at 50<br />
CONTINUED FROM PAGE 1<br />
Gardner cites the 44,000<br />
square metre APL five<br />
star green rated factory at<br />
Hautapu, near Cambridge,<br />
as one of his highlights in<br />
the past decade.<br />
It came out of one of those<br />
relationships Fosters value.<br />
“The end product is<br />
absolutely beautiful,<br />
outstanding. There was a lot<br />
of trust both ways in the<br />
process.”<br />
Another more recent<br />
highlight is Union Square in<br />
Hamilton, once a car yard,<br />
now a partnership between<br />
Foster Develop, Ebbett<br />
Group and Imila Ltd.<br />
The second of five<br />
buildings in the complex<br />
recently opened on the<br />
corner of Anglesea, Hood<br />
and Alexandra streets.<br />
Eventually there will be<br />
23,000 square metres of<br />
office space.<br />
That project, the highprofile<br />
<strong>Waikato</strong> Regional<br />
Theatre, Renal Centre at<br />
<strong>Waikato</strong> Hospital and other<br />
developments are enough<br />
to keep Fosters “profitable<br />
and sustainable” during<br />
what is another downturn<br />
in the construction industry<br />
coming so soon after the<br />
disruption of Covid.<br />
“The whole landscape has<br />
changed. I empathise but<br />
we’ve got to get on with it,”<br />
says Gardner.<br />
Shortages in the industry<br />
have been a killer for several<br />
companies.<br />
“There’s always a solution,<br />
you’ve got to find it. You’ve<br />
got to think differently.”<br />
There is another APL<br />
building to do at Hautapu<br />
and a couple of potential<br />
commercial projects which<br />
he would not divulge.<br />
“We’ve just got to wait for<br />
the market to correct itself.”<br />
Gardner, who was born<br />
in Rotorua and moved to<br />
Hamilton when he was 13,<br />
is married to Denise and the<br />
couple live in Raglan. Not<br />
for the surfing “I wish,” he<br />
says.<br />
The couple have three sons<br />
who have all left home and<br />
like their father attended<br />
Hamilton Boys High School.<br />
Gardner keeps recharging<br />
himself through innovative<br />
projects, his involvement in<br />
the Fosters trust and other<br />
ventures. He is proud of<br />
the company’s journey, his<br />
role in it and the succession<br />
planning in place.<br />
You have to work at<br />
Fosters to own shares.<br />
“It helps that personal<br />
engagement and ownership<br />
decisions,” particularly<br />
when all its business is in the<br />
<strong>Waikato</strong> and Bay of Plenty.<br />
“We’ve got 14 shareholders<br />
across the Fosters group<br />
and their average age is mid<br />
30s so that’s a pretty good<br />
succession process plus<br />
we’ve got the best people.”<br />
Like site manager Stu<br />
Miller who has worked for<br />
Fosters since 1984, when he<br />
started as an apprentice, and<br />
is the longest serving staff<br />
member.<br />
He was acknowledged<br />
at the 50th anniversary<br />
dinner as was director and<br />
shareholder Ross Pacey who<br />
retired after 24 years with<br />
the company. Pacey joined<br />
Wade and Ian Sanders in a<br />
panel discussion about the<br />
company’s history.<br />
Key alumni, past<br />
shareholders, clients,<br />
business partners and<br />
current staff were all on<br />
hand to celebrate.<br />
And so too was Gardner,<br />
front and centre again with<br />
that effervescent smile which<br />
has become his signature at<br />
any Fosters’ event.<br />
Socialising at the end of another successful project, Fosters’ Leonard Gardner, centre, with Hamilton<br />
City Council’s Blair Bowcott, left, and Cambridge architect Antanas Procuta, right.<br />
<br />
Photo: Mary Anne Gill.<br />
Guests at the 50 th anniversary dinner at Claudelands Event Centre.<br />
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