| 23 South Waikato: Domain Holdings REGIONAL DEVELOPMENT T T Richard Loader Easing township’s housing shortage A chronic shortage of housing in the small South Waikato township of Putaruru has led to the development of two residential developments in the township. HOB200770 hobec.co.nz Hester Sutherland-Stacey Associate DDI 07 571 3833 hester.sutherland-stacey@hobec.co.nz Expert legal advice for your commercial property development. Commercial property development is Hester’s domain. She will guide you through the process with straightforward and direct advice. Your Local Home Build Expert. 027 251 2197 johnr@cambridgehomes.co.nz www.cambridgehomes.co.nz T T to page 24 To attract new blood into a township, you need housing, and in the small Waikato township of Putaruru, there was a chronic shortage, let alone good housing, says Sam Wulff Co-Director of Domain Holdings . A landlord/investor/developer, Domain Holdings purchased the liquidated Carter Holt Sawmill in Putaruru, and more recently a second sawmill in Domain Road, developing both as industrial rental properties, and that has led to the development of two residential subdivisions in the township. “What has come out of the industrial developments is that many of the tenants will be coming from out of town and placing managers in those businesses, which poses the question, where do the managers live? “The reason that businesses were drawn to Putaruru was not so much that the industrial development is there, but that the commercial rents we charge are far more economic than what is available in Tauranga, Hamilton and Cambridge. “That made my business partner Dave Macfarlane and me aware that there was a chronic shortage of housing in Putaruru. “Out of that grew an opportunity to resolve our own problem, while also doing some more good for the village, by creating a residential development at a much more economic rate than the larger areas.”
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