Waiariki i roto i te pono me te tika mō ngā uri whakatipu Nga Waiariki will be selfsustaining into the future for the benefit of our mokopuna ID: 788114
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Slide1
Kia tū tika ai Nga Waiariki i roto i te pono me te tika mō ngā uri whakatipu Nga Waiariki will be self-sustaining into the future for the benefit of our mokopunaSecuring our economic base to advance our vision
PARAHIRAHI NGAWHA WAIARIKI TRUST
Slide2The purposes of the Trust are to:retain the C1 Block;manage and promote Te Waiariki and its environs and ensure that its cultural, spiritual and historical values are cared for and preserved; and give effect to the Vision Statement, including:promoting the cultural and spiritual values associated with the Taonga;ensuring the Taonga and its environs are protected and maintained to a set standard, as determined by the Trustees from time to time;generating income for the Trust’s own administration, upkeep and development;the application of income and/or capital for the benefit of the Beneficiaries whether by distribution, grant, funding of specific activities or otherwise;promoting the Taonga;liaising with other organisations for the benefit of the Taonga and the Beneficiaries; andkeeping the Beneficiaries informed of the Trust’s activitiesThe Trust’s strategic objectives in the 2016-2020 strategic plan are:Secure our turangawaewae to advance our visionSecure our economic base to advance our visionCompetent operational management of Nga WaiarikiSkilled and capable trusteesStrong connection between Trust, beneficiaries and Nga WaiarikiStrong kaitiakitanga exercised over geothermal resource
Slide3Securing our economic base – current scopeThe Trust is running a number of parallel workstreams including:Ongoing maintenance and improvements to Te Waiariki Ngawha Springs to enable the Trust to continue to operate and provide a safe and pleasant environment to its 40,000+ annual visitors (local, national and international). This is fully funded by the TrustTe Waiariki Ngawha Springs Enhancement and development project – Stage 1Exploring the wider development - Stages 2 (remainder of 4 acres) and 3 (Ginns Ngawha spa property 8 acres – acquisition and development), and its integration with the wider complexImproving the Trusts capability and capacity, engagement with beneficiaries and it’s wider stakeholders.
Slide42008 – Stage 1 Concept development Waimaori/Waimauri: PurityNatural PurityWaterFrom the earthTapu and noa Whakapapa: RelationshipsHistoryNgapuhi geneaology11 tupunaRelationship with te taiao/the natural world Takauere: GuardianshipGuardianship/kaitiakitangaInterconnection to the wider geothermal resourceWairua/spirituality
Oranga: HealthPhysical and spiritual wellbeing
Healing powers
Slide5STAGE 1: The redevelopment and enhancement project journey…..……..key milestonesTrust/TPK funded (project budget)CONCEPT DEVELOPEDSept 2009BUSINESS FEASIBILITYJune 2010UPDATED BUSINESS PLANJuly 2017BUILDING CONSENTApril 2018PRELIMINARY PLANS AND FUNDING PLANJuly 2013BUSINESS CASEMarch 20144 ACRES LEASE SIGNED Feb 2015AHU WHENUA TRUST CONSTITUTEDFeb 2016
FUNDING SECUREDJune 2018
CONSTRUCTION
July 2018
PLANS APPROVED RC APP SUBMITTED
July 2016
RESOURCE CONSENT
Dec2017
THIS IS WHERE WE ARE NOW
IT HAS TAKEN US OVER 8 YEARS TO GET HERE
Chapman Tripp (Pro bono)
Top Energy funded (MOU)
TPK funded (Grant)
TPK funded (Grant)
Trust and grant/investors
TPK funded (Grant)
Trust funded (project budget)
OTS (
legal fees)
JV OPPORTUNITIES ARE BEING EXPLORED
RC
APP
RE SUBMITTED
OCT
2017
PLANNING FOR 4
ACRES AND GINNS (8 ACRES)
STAGE 1
STAGE
2 & 3
RETURN
OF GINNS
(8 ACRES)
Slide6Redevelopment and enhancement site plans
Slide7Redevelopment and enhancement site plans
Slide8Redevelopment and enhancement site plans cont…
Slide94 acresWaimaoriOrangaWhakapapaTakauere8 acres - Ginns
C1 -1 acreNEXT STAGES OF DEVELOPMENT
- return and planning for the 4 and 8 acres
Land status – the Domain (4 acres)
Trust has 33 year lease with FNDC
Will be seeking its return through Ngapuhi Treaty settlement negotiations
Undertaking work re its return to
Parahirahi
Ngawha
Waiariki
Trust (ensuring all original owners
recognised
through Trust structure)
Land status –
Ginns
(8 acres)
Top Energy agreement to return property
Currently negotiating the sale and purchase agreement in accordance with the terms of the agreement
THE 1 ACRE AT THE CORE
PARAHIRAHI C1
“Te
Waiariki
Ngawha Springs
Redeveloment
and Enhancement project”
Slide10Planning what it could involve….The development in these stages could include: continued improvements to the visitor experience at the pools such as landscaping, connecting walkways, beautification addition of additional products and or experiences such as nature walks, recreational swimming facilities, spa products accommodation (investigating options including camping ground, backpackers, camper vans, 50 bed resort)developing the hauora wellness component high end spa facility that caters to a higher end tourist, andinvestigation into joint venture arrangements.
Slide11Upcoming work programmeProject management of the “build”Consent applicationsApproval of resource consentPrepare of building consentStakeholder engagement and communications planPreparing for the operation of a redeveloped complex Marketing planCommercial adviceTelling our storiesApproach and bottom lines in any developmentDevelopment of investment memorandumCommercial contract negotiationsDue diligence/risk assessmentGoing to marketFeasibilityAssessment of what is feasible for the site and for the Trust and what are the options to progress
Expert advice Advice from expert in spa resorts on what our site is suited for
Information gathering
Desktop exercise on spa developments in NZ and abroad (
Hamner
,
Maruia
, other?) to inform possibilities
Commercial advice Trust’s contribution/ return in any deal
Redevelopment and enhancement – stage 1
Trust and beneficiaries
Wider development – stages 2 and 3
Trust’s capacity and capability
Source
funding/
investment
Identification of funders
/ investors
Preparation of funding
applications
Trust & beneficiaries workshop
Scoping and planning for wider development
Slide12Trust advisorsProject TeamTe Waiariki Ngawha Springs Redevelopment and Enhancement – Consenting stage
Informal advisors network
Growing the business
This is an informal advisors network, that as project coordinator I am starting to grow to support progress with the next stages of the Te
Waiariki
Ngawha Springs Redevelopment and Enhancement project (1 acre) and the next phases of development into the 4 acres and 8 acres
Trust have engaged the project manager for this stage and he has a team that he subcontracts.
Trust Advisors
Provide the necessary support to implement the the Trust’s strategic objectives
Combination of paid and unpaid advisors
Who’s engaged depends on what expertise required
Slide13NEXT STEPSRESOLUTIONSThat the AGM endorse the Te Waiariki Ngawha Springs Redevelopment and Enhancement project progress to date and plan forwardThat the AGM endorse the process to move forward re the wider development as outlined in above in the next steps above