 
          16
        
        
          TGH and Chedworth Properties
        
        
          submitted a wide range of structural,
        
        
          environmental, social and cultural
        
        
          reports as part of the draft District
        
        
          Plan process, and participated in three
        
        
          public open days and a workshop in
        
        
          May 2012. The PDP was notified in
        
        
          December 2012, and submissions
        
        
          called for bymid 2013.
        
        
          We have also worked with the
        
        
          Hamilton City Council to develop an
        
        
          integrated catchment management
        
        
          plan, that is required before any
        
        
          development can take place. This is yet
        
        
          to be finalised.
        
        
          In late 2012, TGH and Chedworth
        
        
          submitted a Private Plan Change to the
        
        
          Council for our Ruakura development.
        
        
          It was designed to lift prohibitions
        
        
          on land inherited from theWaikato
        
        
          District Council. Importantly, it would
        
        
          also allow us to lodge resource consent
        
        
          applications, most crucially for roading
        
        
          and services, both necessary precursors
        
        
          for the inland port and logistics zone to
        
        
          proceed in a timely fashion. The New
        
        
          Zealand Transport Agency, Waikato
        
        
          Regional Council and theWaikato
        
        
          District Council supported our
        
        
          application.
        
        
          
            1,000
          
        
        
          ha
        
        
          Over
        
        
          of farmland
        
        
          is managed
        
        
          by TGH
        
        
          The alternative would have been
        
        
          to let the Ruakura development be
        
        
          dealt with as part of the PDP, which
        
        
          also removes the prohibition. TGH’s
        
        
          concern however was that the PDP
        
        
          would not of itself enable resource
        
        
          consenting. The current District Plan
        
        
          also took 13 years to finish. In the
        
        
          worst case scenario, the new one might
        
        
          not be fully operative until 2025.
        
        
          While it might be more like five years
        
        
          in practice, the Council wouldn’t be
        
        
          able to guarantee that. In other words,
        
        
          work on the site could be years away
        
        
          under that scenario.
        
        
          Of its own accord, TGH initiated
        
        
          consultationwith the local community
        
        
          and as a result made a number of
        
        
          modifications to the private plan.
        
        
          However, in April 2013, Hamilton City
        
        
          Councillors, in a 7-5 split, decided not
        
        
          to allow the plan change to proceed to
        
        
          the next stage. That would have meant
        
        
          notifying the plan change, calling for
        
        
          public submissions, and having them
        
        
          heard by independent commissioners.
        
        
          Councillors decision to prevent the
        
        
          plan frombeing notified ran counter
        
        
          to the views of both Council officers
        
        
          and independent legal and regulatory
        
        
          advisors. TGH has therefore appealed
        
        
          the decision to the Environment Court.
        
        
          We note that the inland port and
        
        
          logistics zone at Ruakura is included
        
        
          in FutureProof, the region’s long-term
        
        
          plan. It also features in assessments
        
        
          by the Upper North Island Strategic
        
        
          Alliance, a consortium of most upper
        
        
          North Island territorial authorities
        
        
          and several government agencies, as
        
        
          well as in Ports of Auckland planning
        
        
          documents.
        
        
          Throughout the year we also worked
        
        
          with the New Zealand Transport
        
        
          
            our main
          
        
        
          
            focus will be
          
        
        
          
            on completing
          
        
        
          
            the regulatory
          
        
        
          
            processes for
          
        
        
          
            Ruakura, and
          
        
        
          
            identifying the
          
        
        
          
            potential to grow
          
        
        
          
            our investment
          
        
        
          
            portfolio in new
          
        
        
          
            areas.
          
        
        
          
            Mike Pohio
          
        
        
          Chief Executive
        
        
          Agency as it worked its way through
        
        
          options for Hamilton interchanges
        
        
          with the newWaikato Expressway.
        
        
          There have been several rounds of
        
        
          consultation with a final proposed
        
        
          solution to be revealed inMay 2013.
        
        
          
            People
          
        
        
          TGH continued to invest in its staff in
        
        
          2013, with ongoing implementation
        
        
          of the People Strategy 2025. The move
        
        
          to new offices has resulted inmore
        
        
          productivity, energy and collaboration
        
        
          to the working environment,
        
        
          promoting the one team, one location
        
        
          strategy. Our focus is verymuch on
        
        
          creating a motivating and positive
        
        
          workplace, and supporting each
        
        
          member of staff with a specifically
        
        
          tailored individual development
        
        
          programme.
        
        
          
            Outlook
          
        
        
          TGHwill continue to consolidate its
        
        
          asset management processes in 2014,
        
        
          in a market that may show some
        
        
          marginal improvement albeit with a
        
        
          number of attendant risks.
        
        
          Over and above that our main focus
        
        
          will be on completing the regulatory
        
        
          processes for Ruakura, and identifying
        
        
          the potential to grow our investment
        
        
          portfolio in new areas.
        
        
          I would like to finish by expressing
        
        
          my gratitude to all members of the
        
        
          TGH team and our many partners for
        
        
          all their hard work again this year.
        
        
          It is sincerely appreciated. It is also
        
        
          heartening to know that so many
        
        
          people see the advantages and value
        
        
          that ongoing investment by iwi-
        
        
          owned businesses bring to the whole
        
        
          community.