98 | to page 100 Otago - TGC Homes A wave of demand for townhouses Hugh de Lacy TGC Homes’ Tom Nailard, left, and Charles Blair. BUILDING Propower Electrical Services Family owned and community focused Proud to support TGC Homes www.propower.co.nz equiptec r e n t a l s SCAFFOLDING A: 56 Teviot Street, Dunedin 9012 A: 11 McNulty Road, Cromwell 9310 P: 03 477 1199 E: sales@equiptecrentals.co.nz www.equiptecrentals.co.nz • Mobile Scaffolding • System Scaffolding • Tube and Clip Scaffolding • Safety Nets • Temporary Fencing • Propping Dunedin | Central Otago With over 20+ years of professional experience in the plumbing trade, we provide quality plumbing, gas fitting and drainlaying services for the domestic and commercial market in Dunedin. Our focus is on efficiency and quality delivered with our expert knowledge and professional workmanship. We are proud to be working with TGC Homes on another quality project. Certifying Plumber | Certifying Drainlayer | Certifying Gasfitter 027 250 2228 office@justintimeplumbing.co.nz Founded by three mates in a Dunedin pub, TGC Homes is riding a wave of demand for townhouses driven in part by a massive government and local infrastructure roll-out. TGC Homes is just starting an inner-city townhouse development called Grand Vesta comprising 36 homes, the biggest such development in Dunedin in years, and is nearing completion of another smaller development of seven homes. The company was established in 2017 by Tom Nailard, George Hercus and Charles Blair, and their initials form the company name. The trio brought together a mix of skills and experience: Tom is a qualified builder and project manager, George an Air Force engineer, Charles an accountant and all three regard themselves as professional problem-solvers. Through TGC the trio started buying, renovating and building their own rental properties, identifying a gap in the Dunedin market for quality inner-city townhouses, till eventually quitting their day jobs to run the company full-time. The Dunedin housing market has suffered from a lack of supply for many years, with further pressure on it coming from massive public development expenditure. This includes a $1.47b hospital expansion, $1.5b of Dunedin City Council infrastructure upgrades, a $1.1b Otago University long-term development plan, and various smaller projects like an $85m spend on the railway workshops and a new building for ACC.
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