The Developers
Izone has been structured to combine the skills and resources of the public and private sectors. The outcome is a commercially driven project backed with the financial strengths of a progressive and forward thinking local body. Izone operates under a board type structure with an appointed Izone project team comprising of five independent people who bring specialised skills to the table.
The roles
Selwyn District Council (SDC) owns the land and funds the development.
R D Hughes Developments Limited (RDH) has a five-year history with the project and is now contracted to perform in the capacity of CEO through to 2014. RDH is therefore the commercial face for the project and is responsible for the day to day management, including sales and marketing, site development, and strategic planning.
Introduction to the parties
Selwyn is the second fastest growing district in New Zealand. At last census it had a population of approximately 35,000. Importantly SDC has an excellent balance sheet; net assets were $819m as at 30.06.08.
RDH is a privately owned development company that has been established for in excess of 20 years. It is highly regarded for its skills in up-zoning land and innovative business practices, particularly the use of integrated master planning and creative marketing. Projects undertaken by RDH include the Northwood residential development, the Ocean Ridge development at Kaikoura, facilities for Farmers in Christchurch and Dunedin and the Oxford Clinic in Christchurch. |
