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MEMBER PROFILE • ELEMENT IMF
If any business has felt the pinch of the GFC, it’s Tauranga-based Element IMF. The company is developing the 200 hectare Tauriko Business Estate, which is one of the largest developments of this kind in Australasia. Tauranga City Council earmarked the area for future development in 2004, when the lack of industrial land was seen as a significant impediment to economic growth. Following a private plan change, the development received huge interest from businesses wanting to establish there. In 2006 in just one week, 75 per cent of Stage 1 sold – which was 100 per cent of what was available.
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