Te Aroha Business Development
About this project
Council purchased 25 Waihou Road in July 2022, with a view to look at the feasibility of rezoning and developing this land for light industrial use in Te Aroha.
An independent assessment has been completed, and based on what this would involve it is not financially viable for Council to develop this land. The development costs, amount of useable land and current market price for industrial land in the area would result in a significant loss. Further detail is in the report (pdf, 2.88MB).
We are disappointed this opportunity to develop light industrial land hasn’t stacked up and our next step is to consider what the future options are for 25 Waihou Road. We will keep you updated on what will happen with this land once we have looked at the options.
While Council won’t be developing 25 Waihou Road we know there is still a need for more light industrial zoned land in Te Aroha to support the continued economic growth of the town, and we will continue to look for other viable opportunities.
We'll continue to add information and updates to this page as the project progresses. You can also sign up to receive updates directly to your inbox (choose the Te Aroha Industrial option, under Projects).
Frequently Asked Questions
While MPDC hasn't undertaken a development like this in some time, it is not unusual for Councils to purchase and develop land to help support economic growth. We have done this in Matamata in the past. Another nearby example is Hauraki District Council's industrial park at Kerepehi.
Business case/investigation of industrial development
Decision to not proceed with developing the land
Decision on the future of the land
Further information will be added as it becomes available.
Feasibility study - March 2023 (pdf, 2.88MB)