ComCom sues Tauranga Mitre 10 operator over land covenant

Tue, 20 Dec 2022

The Commerce Commission said it has filed proceedings in the Wellington high court against a Mitre 10 operator over a land covenant that it said was intended to substantially lessen competition.NGB Properties is a sister company of Juted Holdings, which is a Mitre 10 operator of the Mitre 10 Mega store in Tauranga.“The commission alleges NGB acquired a property in central Tauranga and placed a covenant on it that would have prevented a hardware store from being built on the property,” the regulator said.“The commission alleges...

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