Joint venture partners sought for Waiwera resort 2.0
Kia ora neighbours. A revival of the defunct Waiwera thermal resort is in the works.
Waiwera Thermal Spa Resort used to host about 350,000 visitors a year, but closed in February 2018 and fell to ruin. Russian oligarch Mikhail Khimich, who ran the water park and Waiwera water bottling company, went into liquidation in 2019. Khimich reportedly died with Covid-19 in Russia in late 2021.
Urban Partners are now seeking expressions of interest from a potential joint venture partner.
“The site has extraordinary potential, recognised as a regional tourist attraction by the Auckland Unitary Plan and has zoning allowing for business, residential developments, health and wellness, tourism, hospitality and visitor accommodation," project director Doug Osborne said.
"Given the site’s proximity to Auckland, and the booming wellness industry, which is now worth $4.5 trillion, we expect the site to be of real interest to specialist operators from around the globe."
Click 'read more' for the full report by Susan Edmunds. Video by Chris McKeen.
Poll: Has your Kiwisaver taken a dip?
With the US tariffs ramping up and the stock market taking a hit, many are noticing a change in their Kiwisaver amounts.
If you've had a peek at your Kiwisaver balance since, have you seen it decrease?
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85.3% Yes, it's decreased
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3.2% Other - I'll share below
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