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Waikato Business News March/April 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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18 VIBRANT CAMBRIDGE<br />

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

Cambridge’s reputation<br />

‘has never been better’<br />

continued from page 17<br />

Cambridge’s attractions<br />

are world-class and<br />

well-known. Maungatautari<br />

Sanctuary Mountain<br />

is on its doorstep. There is<br />

the world class velodrome on<br />

the outskirts, Lake Karapiro<br />

draws rowers from around the<br />

world and the wider district is<br />

internationally recognised for<br />

producing world-class racing<br />

thoroughbreds.<br />

Fifty per cent of New Zealand’s<br />

carded athletes live in<br />

Cambridge with Olympians<br />

and world-class coaches often<br />

seen in one of the town’s many<br />

cafes or stylish restaurants. It<br />

is an ideal base for world-class<br />

athletes and coaches, close<br />

to Hamilton Airport and an<br />

easy drive to Auckland via the<br />

<strong>Waikato</strong> Expressway.<br />

As they walk through town,<br />

those athletes will draw inspiration<br />

from the ground up<br />

via the town’s Sports Walk<br />

of Fame which celebrates<br />

decades of excellence and<br />

success.<br />

At the same time, Cambridge<br />

is a family-friendly<br />

town that recognises and celebrates<br />

its heritage.<br />

Residents enjoy wonderful<br />

green space plus a network of<br />

parks and cycle trails.<br />

That includes the recently<br />

completed Te Awa Great New<br />

Zealand River Ride which<br />

offers continuous riverside<br />

riding from Cambridge though<br />

Hamilton to Ngaruawahia.<br />

Mayor O’Regan noted<br />

Waipā’s population overall<br />

grew by 1.2 percent last year,<br />

led primarily by inward migration.<br />

That compares with the<br />

average national growth of<br />

just .2 percent.<br />

“We’re seen as a desirable<br />

district for many reasons,<br />

including people wanting to<br />

send their kids to fantastic<br />

schools where they can still<br />

have an Ag-day.<br />

“They want to grow vegetables<br />

in their backyards and get<br />

back to actual living and not<br />

stewing in traffic jams. There<br />

are also lots of people returning<br />

here who have roots to the<br />

district.”<br />

Mayor O’Regan knows<br />

land and house affordability<br />

compared with the price-prohibitive<br />

levels in major cities<br />

is also a drawcard. Cambridge<br />

is not cheap, but it still more<br />

affordable than some big<br />

cities.<br />

“I think Covid made people<br />

reflect and some have decided<br />

they don’t want to live in big<br />

cities.<br />

“The standard of living in<br />

Cambridge is very good and<br />

there is all this wonderful outdoor<br />

activity. It’s a modern<br />

town, offering modern things<br />

but with a delightful olde<br />

world charm.”<br />

The <strong>Waikato</strong> Expressway<br />

coming through from Auckland<br />

has made a massive<br />

difference.<br />

Mayor O’Regan said successive<br />

Waipā leaders and<br />

councils have understood<br />

the need to grow the district<br />

population and there have<br />

been sound planning decisions<br />

made over several decades.<br />

“There are about 34 ‘live<br />

zoned’ growth cells in existence<br />

around Cambridge, Te<br />

Awamutu and some of the<br />

smaller villages, and a further<br />

20 that are to be made available<br />

to go live after 2035.<br />

“There has been very sound<br />

thinking around how we want<br />

to grow and where we want<br />

to grow. We are pretty firm<br />

about those town or village<br />

boundary lines. There is no<br />

anticipation that we want to<br />

extend anything beyond those<br />

current boundaries, except in<br />

Ōhaupō, which may go a little<br />

further north given the significant<br />

development at the<br />

Hamilton airport precinct,”<br />

she said.<br />

“We’ve made provision<br />

for industrial and commercial<br />

activity as well. Of the 54<br />

growth cells we have planned,<br />

four of them are for large<br />

industrial development areas.<br />

So it’s a busy story about<br />

We predict that<br />

diversification<br />

is likely to<br />

continue. Horse<br />

studs breeding<br />

world-class<br />

thoroughbreds<br />

also contribute<br />

to the region’s<br />

GDP and that<br />

is very strongly<br />

felt around<br />

Cambridge<br />

which<br />

celebrates its<br />

equine heritage.<br />

LEADING COMMERCIAL PROPERTY TEAM<br />

Whether you are looking to acquire or sell<br />

commercial property or are a current<br />

landlord or tenant, our Commercial<br />

Property lawyers have the skills and<br />

expertise to assist in a variety of matters.<br />

We understand your obligations under<br />

lease or sale and purchase agreements and<br />

your ongoing compliance responsibilities.<br />

We can also assist in negotiating terms and<br />

conditions and managing conflict.<br />

Our team have extensive knowledge in the applicable<br />

legislation and experience in preparing, negotiating and<br />

reviewing documentation, including:<br />

• Sale and purchase of commercial and industrial property<br />

• Drafting, reviewing and negotiating leases and sub-leases<br />

• Rent reviews and disputes<br />

• Renewals<br />

• Motel/hotel acquisitions and leasehold agreements<br />

• Overseas Investment Office considerations<br />

LISA WARE<br />

PARTNER<br />

MONIQUE MEDLEY-RUSH<br />

PARTNER<br />

MAT MAKGILL<br />

PARTNER<br />

LUCY YOUNG<br />

PARTNER<br />

Experienced professionals. Local specialists. Quality advice.<br />

Cambridge | Phone 07 827 5147 Hamilton | Phone 07 848 1222 | www.lewislawyers.co.nz

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