Hawke’s Bay residential property company Greenstone Land Developments is realising strong demand for sections in Hastings and Havelock North, says company sales manager Peter Cooke.
In the last year Greenstone has sold over 70 sections in the Hastings suburb of Frimley and more recently in Arataki, Havelock North.
Both developments are being released in stages and Peter says planning is in place for a further 140 sections to be made available over the next 12-24 months. The company is actively looking for other suitable land to develop into residential housing across Hawke’s Bay and beyond.
He says the company has the knowledge and expertise to get land to market quickly, from identifying land suitability, through to consenting, project management of council processes, civil construction and sales and marketing.
“We have a successful track record of creating quality residential developments that has been built off strong relationships with council staff and our contractors. “It’s a team effort, and we’re looking forward to doing our bit to get more people into new homes.
“Our two current subdivisions are large scale developments in desirable areas of the Hastings District.
“Frimley is a well-established suburb within the city of Hastings with schools and parks close by while Arataki is within a relatively new residential area of Havelock North that is very sought after,” he says.
Work on site is progressing well, with services and infrastructure completed for stage one to six in Frimley. Construction has already commenced on a number of houses and once completed the development will include a total of 180 homes.
With strong residential pressures in Havelock North, Greenstone has quickly released stage one of nine sections at Arataki.
Work is already well underway with titles expected to be available in October just six months after acquiring the land in April this year
Work on site is progressing well, with services and infrastructure completed for stages one to six in Frimley.
A total of 39 sites are planned ranging in size from 400sqm to 800sqm with titles for all sections available by the end of the year.
Peter says that demand for all sales releases to date had been very strong across both developments with sections typically selling out within one to two days.
“We encourage anyone looking for a section to register their interest via our website so that they receive early notification of upcoming releases,” he says.
Greenstone Land Developments has a unique business model that provides a full service solution to creating residential developments.
Greenstone is a partnership between property valuer and residential development project manager Tim Wilkins and the Tumu Group, one of Hawke’s Bays largest privately owned businesses with significant interests in the timber processing and building supply industries including Tumu ITM and Tumu Timbers.
In more recent times Tumu has diversified into property finance and investment through its finance company Killarney Capital.
“At Greenstone Land Developments we are focused on providing quality developments and working with purchasers interested in taking advantage of the exciting opportunities being offered at our current subdivisions.”
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