Rangitikei Street

152-166 Rangitikei Street was a vacant site backing onto Tikei Mall.  The 930sq metre block is being developed into a shopping precinct and is well on track for completion in 2022.

Tenants have been secured with a good mix providing an estimated return of 8% on the development and 6.2% on the land and building.

Trustees and staff were pleased to see foundations poured and parts of the structure starting to take shape during their visit in February 2022.