Ngāi Tahu Property enters joint venture with Bellgrove Rangiora Limited

Bellgrove Rangiora Limited (BRL) and Ngāi Tahu Property (NTP) announces a joint venture on the Bellgrove residential development in Rangiora.

The Bellgrove development is located in East Rangiora in the fast-growing Waimakariri district. This high-quality development on nearly 100ha will eventually deliver around 1300 new lots ranging from higher density to larger standalone build sections, as well as a neighbourhood shopping or commercial centre and preschool.

BRL purchased the former dairy farm land 3 years ago and has since then progressed planning, consenting and construction of Stage 1 which has nearly 200 lots and will be completed later this year before moving into future stages.

Stage 1 of the development was released mid -2022 with around 60 percent of stage 1 already under contract. Bellgrove is in an ideal location – within walking distance to the Rangiora High St, Rangiora Golf Club, MainPower Sports Stadium, Rangiora High School, preschools and Rangiora Borough School as well as the wider North Canterbury attractions including rivers, beaches and mountains.

Ngāi Tahu Property is a leading property development and investment company owned by Te Waipounamu (South Island) based iwi, Ngāi Tahu. Ngāi Tahu Property has been involved in successful residential developments of a similar scale to Bellgrove in the last ten years. It has developed more than 4,000 residential sections through multiple developments including Te Whāriki in Lincoln, Karamū in Riccarton Park, Prestons in Burwood and Wigram Skies.

Ngāi Tahu Property National Development Manager Dean Christie says that this joint venture combines the strength and experience of both parties.

“Ngāi Tahu Property congratulates BRL on their work to date in Bellgrove. We are pleased to work in partnership with BRL and bring our experience to add value to the development,” Dean says.

The BRL partners are experienced land and property developers in the Waimakariri district and BRL Director Paul McGowan says the partnership with Ngāi Tahu Property will enhance the already strong attributes of Bellgrove to deliver another high quality residential development to the Rangiora market

The joint venture has appointed Ngāi Tahu Property as development manager for the management and delivery of Bellgrove.

ENDS
Media enquiries: Crisselda De Leon-Singson – Crisselda.deleon.singson@ngaitahu.iwi.nz