86 | DEVELOPMENT Thames Pacific T T Bernadette Cooney High-end projects attracting interest Projects primarily entail high-end apartment developments, townhouses, and house-and-land packages. “We’re still seeing good demand, especially on the Kapiti Coast, where we aim to create product affordability.” Established in 2010, Thames Pacific has carved a niche as a premier property development firm specialising in landmark residential and mixed-use properties. Led by Wellington-born founder Stephen Sutorius, the company has expanded its footprint beyond New Zealand, with offices in Sydney, Hong Kong, and Singapore. Thames Pacific remains focused on the Wellington region, spearheading transformative projects that cater to both homeowners and investors. Projects primarily entail high-end apartment developments, townhouses, and houseand-land packages, with significant investment in Wellington City and the Kapiti Coast. Stephen emphasises that their mission is to create modern, affordable, and high-calibre homes that align with market demands and community needs. One of Thames Pacific’s most anticipated current developments is Odesa, located at 160 Mazengarb Road in Paraparaumu. With onsite sales in full swing, and earthworks set to commence shortly, Odesa is proving popular among buyers. This project consists of 41 single-level standalone villas priced from $598,000, appealing to first-home buyers, downsizers, and investors, Stephen says. The two- and three-bedroom homes are a contemporary design, described by Stephen as “featuring gabled roofs, 3.5-metre-high ceilings, and low-maintenance exteriors that blend Colorsteel roofing with brick cladding”. Looking ahead, Thames Pacific has commenced earthworks on a large-scale houseand-land development in Waikanae, with sections expected to hit the market later this year. Stephen anticipates strong interest, particularly from construction-industry professionals seeking to purchase land on builders’ terms. With the first phase of sections set for completion this year, the company is targeting home completions by third quarter 2026, ideally aligning with a stronger property market. Past successful developments include Hyde Lane, a standout project completed in 2024 on Wellington’s Courtenay Place. This development consists of 150 residential apartments and three commercial units, offering stunning views of Wellington Harbour and the cityscape. The project was designed to appeal to both investors and owner-occupiers, delivering thoughtfully crafted living spaces with enduring market appeal. Another major achievement is the Florian townhouse development on the Kapiti Coast, completed in November 2023. This project comprised 64 architecturally designed two- and three-bedroom townhouses, all of which sold out quickly, reflecting strong demand for well-designed, high-quality homes in the region. Optimism is returning to the property market, with investors showing interest in a market that has likely hit its lowest point. “The best time for investment is now, because I think we’re at the lowest part of the market and it’s going to start increasing from where we are now,” says Stephen. While Wellington City is gradually recovering, the Kapiti Coast continues to show robust demand. “We’re still seeing good demand, especially on the Kapiti Coast, where we aim to create product affordability.” He highlights the advantage of Transmission Gully, which has improved connectivity to Wellington, making the coast an increasingly desirable place to live. Thames Pacific developments balance affordability with quality. The company develops solely for its own portfolio, ensuring full control over quality and project viability. Through strategic developments like Odesa, Hyde Lane, and Florian, the company demonstrates a commitment to creating vibrant, high-quality communities. Proudly working alongside Thames Paci c
RkJQdWJsaXNoZXIy NDc2Mzg=