The Rangiuru Business Park is set to be a modern, future-focused, and high-quality industrial business park that supports the liveability and prosperity of the people and the region for generations to come.
Nestled in the heart of the Bay, within the ‘Golden Triangle’, it is conveniently located 30kms from the Port of Tauranga, connected by road, rail and sea.
It boasts 148 hectares of consented industrial land, to be developed over four stages. Bulk infrastructure to service the Park began in 2022, with major works underway including earthworks, civil, wastewater rising main to Te Puke, water reservoirs, a stormwater pond, power, fibre connectivity and upgrades to nearby roads.
These works will service the Park and also provide futureproofing to the area for continued regional growth.
Right on the doorstep is the Tauranga Eastern Link Toll Road (TELTR), to be connected by a motorway interchange which commenced in October 2022.
In late August 2023, the development hit another significant milestone, with the installation of eight large beams, each 33.1m in length and weighing approximately 65T, fixed onto columns straddling the TELTR.
This is a key piece of infrastructure that will link the Park to the motorway and the wider region – a visual signifier of the notable progress for the project.
The interchange is expected to be open in late 2024.
As the lead developer for the Rangiuru Business Park, Quayside has owned and funded this approximately $60M interchange build to date, following an initial $18M contribution from the Provincial Growth Fund (PGF) in 2020. This provided the seed capital to start the motorway interchange, a vital piece of infrastructure and considerable investment into the region.
“The overall vision for the Park will contribute significantly to the region. As such, we have invested heavily into infrastructure, such as the interchange, which will have long-term regional benefits for our rohe” says Lyndon Settle, Quayside CEO.
Recent studies have shown that industrial land is constrained in the BOP, with Tauriko and Mount Maunganui at capacity, new sites are needed to cater for the expected long-term future growth of the region.
“The Western Bay of Plenty is a popular place for businesses to locate themselves, and we have seen strong growth in our local business community in recent years.
“Industrial land is sought after to meet future demand and to provide additional choice for developers and businesses. The location of Rangiuru means it is well served to cater to demand on the Eastern side of our city,” says Priority One chief executive Nigel Tutt.
Once completed the Park will provide up to an estimated 4,000 permanent, full-time employment opportunities in the region, in addition to the 200 jobs per year created during construction stages.
Quayside Holdings GM Property, Michael Jefferies says “This development meets the shortfall in high-quality industrial land close to the Port of Tauranga. The proximity and established multimodal transport links providing wider regional accessibility between Tauranga, Whakatāne, Te Puke, Kawerau and Rotorua offer huge opportunities”.
The Park is being developed in consideration and support of regional growth strategies (SmartGrowth, Future Development Strategy, Tauranga Transport Plan, Tauranga Urban Strategy, Bay of Connections Growth Strategy, UFTI, etc), in addition to the needs of local businesses, expanding communities.
Lyndon Settle, Quayside CEO said, “The role of Central Government investment into our region’s core infrastructure, plays a critical role in unlocking the Bay of Plenty’s economic potential.
“Quayside is responsible for growing a diversified fund that generates long-term returns that support the prosperity of the BOP. Rangiuru Business Park will play an important role in enabling economic growth across this region.”
The Rangiuru Business Park is majority-owned by Quayside Properties Limited, a wholly owned subsidiary of Quayside Holdings Limited, the investment arm of Toi Moana Bay of Plenty Regional Council.
