MEDIA RELEASE 1st October 2018
PROPOSED NEW SHOPPING PRECINCT COULD HELP ‘REVITALISE’ NELSON
A well-known local investor has acquired a substantial block of the CBD with plans to develop a shopping precinct and help ‘revitalise’ Nelson.
Steve Baigent has acquired 31-55 Bridge Street and further property at 126 Trafalgar Street through his company Cephas Property.
Cephas Property is a Nelson family-owned business along with associated company Tinline Property, who is nationally recognised as a retail property specialist.
Cephas Property has a proven reputation, with 35 years of property expertise.
Managing Director Mr Baigent was the leading player in the development of Richmond Mall, Barrington Mall (Christchurch) and Papamoa Plaza (Tauranga). He remains a shareholder in these thriving retail developments. Mr Baigent supports many local charitable causes through the Cephas Foundation.
Mr Baigent said: “This is a really exciting opportunity to contribute to the revitalisation the centre of Nelson. I am proposing a high quality, unique urban development with a range of options from boutique shops to larger retailers, and lunchtime and evening dining.
“It will lift Nelson’s retail game. We will be looking to attract new retailers into town.”
Mr Baigent said the development would strengthen the CBD overall, potentially attracting more shoppers and urban residential developers.
He added: “I have wanted to acquire enough land to develop a major project in Nelson for many years. It is not often this kind of opportunity comes along.”
Cephas Property is in very early discussions about the project with Nelson City Council, and is investigating options for the purchase of part of the car park directly behind 31-55 Bridge Street (Wakatu Square car park) to form part of the precinct.
NOTES TO EDITORS PHOTOS ATTACHED:
- Steve Baigent, Managing Director, Cephas Property and Chairman, Tinline Property, in front of 126 Trafalgar Street (partly occupied by offices for Tinline Property and Cephas Property and partly acquired)
- Aerial shots demonstrating the land owned by Cephas Property (marked with a border) – 31-55 Bridge St
FOR MORE INFORMATION: Liz Crawshaw, Venture Communications, 022 176 6953 or firstname.lastname@example.org