Tainui to sell up to 50% of its Hamilton shopping centre, The Base

Mon, 03 Aug 2015

By Jonathan Underhill Aug. 3 (BusinessDesk) - Tainui Group Holdings (TGH), the investment arm of the Waikato tribe, plans to sell as much as 50 percent of its The Base shopping centre in Te Rapa, northwest Hamilton, using the funds to repay debt and for other investments. The underlying 30 hectare site, which was taken prior to World War II for use as the Te Rapa Air Force Base and returned to the tribe in 1995, would remain in Tainui ownership, it said. “Following a three month review we believe that now is the right time to seek an e...

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