Mate this is Auckland. Any land of that size in the Auckland Isthmus is a golden nugget. I know Mt Wellington can get a bit dodgy but it's so close to Ellerslie...Ellerslie has come a long way in the last 10-20 years. Now it's a premier suburb.
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Maybe Stockton had a big bust up over whether this Sky site was a goer and said to himself ‘heck if you guys have been seduced into thinking that site is awesome I’m out of here’
That’s the hidden meaning in “Oceania seeking a Group General Manager Property and Development with a broader set of skills which are necessary to focus on new opportunities, identifying acquisitions and innovations in Oceania’s building designs to meet its sustainability goals and the needs of our residents of the future.”
They brought new land and a Village that can also be added too just after previous CEO left.
From 23/03 - Oceania Healthcare Limited (NZX/ASX: OCA) (Oceania) today announced its plans to raise approximately NZ$100 million to fund the acquisition of a premium retirement village, Waterford on Hobsonville Point, and its existing leased facility and adjacent development land in Franklin through a fully underwritten NZ$80 million placement of new shares (Placement) and a non-underwritten retail offer (Retail Offer) of up to NZ$20 million, with the ability to accept oversubscriptions at Oceania’s discretion (together, the Equity Raise).
Pattison told Stockton that’s one cool site in Mt Wellington …the next big thing in Auckland. Go get it …we could be build hundreds and hundreds of units on it.and even have space for a big care centre.
Stockton said ‘I know the area, its low rent and totally at the other end of the property spectrum compared to sites like our other ones (exactly like beagle said) and Brent if you want to go down the community / council housing path I’m out of here.”
That’s when Pattison told him he’s an old codger so please go and said he’d get somebody who’s not stuck in his old ways and can bring some new and innovative thinking to Oceania.