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Shared vision for city connects Stark Property, Tompkins Wake

Shared vision for city connects Stark Property, Tompkins Wake

Shared vision for city connects Stark Property, Tompkins Wake

Monday 1 July, 2019

A shared vision for Hamilton to thrive and grow is at the very heart of the connection between Stark Property and Tompkins Wake. That, and the friendship between two friends that began at youth group.

Stark Property director Matt Stark grew up with Tompkins Wake partner Scott Ratuki, bonding over a shared a love of music and remained firm friends. So, when Matt needed assistance with some of the company’s larger projects, he called on Scott and his team at Tompkins Wake.

Stark Property is a Hamilton-based commercial and residential property development company with a bold vision to revitalise the city’s CBD, in part by connecting people to the Waikato River through projects such as The Riverbank Lane and the redevelopment of the former Waikato Regional Council property in Hamilton East into a mix of commercial and residential spaces that sit alongside the mighty Waikato.

Tompkins Wake understands that. One of the three core pillars the firm is built around is ‘our place’.

“That not only describes our physical location, but also our role in contributing to building stronger communities and a more prosperous New Zealand,” Scott said.

“And that’s exactly with Matt and the team at Stark Property are doing – building strong, flourishing communities.”

Scott and Matt Stark photo for main article body compressed4

 

Tompkins Wake partner Scott Ratuki (left) and Matt Stark check out the second stage of Stark Property’s Riverbanks development – rooftop barrister chambers due for completion in August.

 

 

The two have been working together since 2013 on some of Stark Property’s larger projects.

“What I really appreciate is that Scott has a large team who really understand the complexities of what we’re working on,” Matt said.

“They have both the capability and capacity to deliver on large developments and their attention to detail is second to none.”

Scott and his team assist Stark Property with lease negotiations, sales, financing, dealing with local government, regulations, due diligence and, occasionally, some conflict resolution.

Matt said Tompkins Wake has been instrumental in his Tristram Precinct project. Formerly the Hamilton Central Shopping Centre, Stark Property is developing the site into a new 5500sqm Kmart store, a new commercial building with 12,000sqm lettable space incorporating A-grade office accommodation over three levels, and more than 400 car parks.

Waikato Regional Council will move into the space bringing more than 500 workers into the central city.

“Tompkins Wake have helped us out with some great work on that… structuring complex lease agreements and settlements, for example. There have been lots of pieces of the puzzle with the Tristram Precinct.”

And, Matt says, it’s a huge advantage that the Tompkins Wake team presents crucial information in a way that Matt wants it. He doesn’t have the time, nor the inclination, to read screeds of information. So, Scott gives him the key information without unnecessary jargon so Matt can make well-informed decisions, quickly.

Just as Stark Property wraps up the second stage of the Riverbanks development – that’s due for completion in August when the rooftop barrister chambers will open for business – Matt and his team is set to get started on the Hamilton East venture.

Apart from redeveloping the former Regional Council site, Stark Property will also redevelop the old Hills Laboratories building and surrounding site into 43 premium apartments. Work is well underway on the development, with construction expected to begin in July next year.

“It’s no secret that we really believe in this place, in Hamilton. It’s a real powerhouse. It’s an essential city for the Waikato. That’s our focus and has been for a while now... to create a sophisticated, smart city that reflects the good work the people here do,” Matt said.

“We have in-house expertise to shape the vision and Scott and his team then come in and play their role – they truly understand what we’re trying to achieve because it aligns with their vision for this city, too.”