Northland Port to buy neighbouring marina for $6.95 million

Tue, 03 Jun 2014

By Paul McBeth Jun. 4 (BusinessDesk) - Northland Port Corp, which owns half of the Whangarei port operating company, plans to buy the neighbouring marina and commercial complex for $6.95 million, which it intends to develop in stages. The Ruakaka-based company reached a conditional agreement to buy the 230-berth Marsden Cove marina and 1.7 hectares of land and infrastructure from Hopper Developments, effective from July, it said in a statement. It anticipates the acquisition, which is next to its existing land holdings, will be funded by...

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