Waikato Business News | March 1, 2024
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32 MARCH <strong>2024</strong><br />
In my experience,<br />
working with Fosters on<br />
a property development<br />
project is very easy and<br />
beneficial for all parties.<br />
Steve Weidmann, Director<br />
Hamilton Retail Hardware Limited<br />
Mitre10 Distribution Centre on Earthmover Crescent was a joint<br />
venture (JV) between Foster Develop and Hamilton Retail Hardware<br />
Limited - owners of Mitre 10 Mega at The Base and Ruakura.<br />
With the objective of designing and building a 5000sqm warehouse,<br />
on time and on budget, the project also addressed the need for storage<br />
space with good proximity to the major retail and trade premises.<br />
Following on from the successful delivery of Mitre 10 Ruakura in 2016,<br />
Fosters was an easy choice.<br />
“It made good sense to continue the relationship with Fosters” says<br />
Director Steve Weidmann. “They had a good understanding of what<br />
was required, and we were confident they’d know the best way to<br />
structure, design, secure funding and build.”<br />
As it turned out, Fosters delivered on Steve’s expectations, which he<br />
notes were high.<br />
“The building was designed around our specifications. The Develop<br />
team provided good value in the construction options put forward,<br />
and gave sound advice around design changes to improve outcomes.”<br />
“In my experience, working with Fosters on a property development project<br />
is very easy and beneficial for all parties” he said.<br />
“Fosters approach is to work with the client and accommodate whatever<br />
it takes to ensure a successful outcome for all.<br />
“With Develop and Construction working together, we had guarantees on<br />
pricing, the budget was met, and changes were never a problem.<br />
“We enjoyed one point of contact with exceptional communication and<br />
project management. There was full disclosure from start to finish.”<br />
And, with JV terms set to benefit all parties, Steve’s opinion is that he<br />
got the best value for the build.<br />
“I believe Fosters are committed to delivering the best outcomes for<br />
everyone involved. They stand by their workmanship and their ethics.<br />
“I’ve done a lot of contracting in my time as an engineer. This was the<br />
best client-project management experience I’ve had.”<br />
With construction also managed by Fosters, the project was delivered<br />
seamlessly, adds Steve.<br />
Looking for a property development partner?