Waikato Business News August/September 2020

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26 WAIKATO BUSINESS NEWS August/September 2020 CAMBRIDGE Accelerating success. Reach more people - better results faster BRAND NEW IN CAMBRIDGE - OFFICE/RETAIL UNITS FOR SALE / LEASE 86 APLHA STREET, CAMBRIDGE COMMERCIAL INVESTMENT Prime Cambridge location Options from 108m² Office and Retail options 100% NBS - brand new building One unit for sale returning $64,000pa on a 6 year term Occupy or Invest colliers.co.nz/p-NZL67011011 David Palmer 021 272 9834 Blair Hutcheson 0274 804 010 Commercial Property Solutions Ltd, Licensed under the REAA 2008
LAKEWOOD CAMBRIDGE Lakewood makes its mark Lakewood helps connect Cambridge to Te Kā Utu lake. The final block of a transformational development in central Cambridge is complete and taking on tenants at the end of a four-year project. The ambitious mixed-use Lakewood, coming in at a combined cost of about $50 million, is within a few minutes’ walk of the town centre and overlooks Lake Te Kō Utu. The former site of a railway yard is unrecognisable as the development brings a long-neglected area of town to life, with the final commercial building “Block E” completed in July. Lakewood’s five blocks feature apartments, a variety of retail, hospitality and office space and a hotel, while the three-hectare site also has a large childcare centre, and future townhouses are in the pipeline. The final block of the five, with space for up to 12 commercial tenants, already has its Code of Completion Certificate with four tenants currently moving in and one purchaser in the process of fitting out. Project manager Ben Jones, from Greenstone Group, is pleased local Cambridge businesses are among those moving into Block E, seeing it as a strong thumbs up from local firms who like what they have seen as the development has progressively taken shape. “We’ve had a few local businesses who obviously have been impressed with what’s been going up and decided to join.” Those relocating from within Cambridge include mortgage brokers Lime Group and lawyers Ellice Tanner Hart. The zoning is commercial with a character overlay, which means a wide range of business activities are permitted, encompassing everything from medical to office, along with retail and wholesale. “By nature, these large developments require you to plan for multiple uses at the design stage because you can never guarantee exactly which tenant or type of business will be knocking on your door to take the space. So you try to build in as much flexibility as you can and future proof the buildings,” Jones says. One arm of the L-shaped building is single storey, and the other arm has two storeys. Continued on page 28 PROUDLY TRANSFORMING PROPERTY IDEAS INTO REALITY PROUDLY PROVIDING DEVELOPMENT AND PROJECT MANAGEMENT SERVICES FOR LAKEWOOD CAMBRIDGE greenstonegroup.co.nz
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Waikato Business News August/September 2020

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