12 Jun 2015

Ngāi Tahu Property moves to Auckland

10:37 am on 12 June 2015

Ngāi Tahu Property has announced it will be expanding its commercial operations into the Auckland market.

David Kennedy

David Kennedy Photo: Supplied

David Kennedy will be its general manager in Tāmaki Makaurau, leading Ngāi Tahu Property's expansion into one of the most significant markets in the country.

Ngāi Tahu Property is a leading New Zealand property investment, development and rural land ownership specialist, with assets valued at more than $600 million.

Mr Kennedy is currently the chief executive of Eden Park, and was behind its $270 million upgrade in preparation for the Rugby World Cup in 2011.

Chief Executive of Ngāi Tahu Property Tony Sewell said selecting David Kennedy to lead its operation in Auckland was a no-brainer.

"We've known David for some time. He's been a director of Ngāi Tahu Property for the last six years," Mr Sewell said.

"He's got incredible property expertise, he's got a wonderful manner, and he fits the culture and the values of Ngāi Tahu. It wasn't a difficult decision to go and recruit David for the role."

"After appropriate investigation and analysis, Ngāi Tahu Property has decided to expand the business to include the Auckland market. The company has experienced successful growth in the South Island, and is ideally placed to maximise the significant opportunities in the property development sector in Auckland," he said.

Prior to his current role, Mr Kennedy spent eight years with the Sky City Entertainment Group including roles as general manager of Operations and general manager of Public Policy and Corporate Strategy.

He was formerly chief executive of the St Lukes/Westfield NZ Shopping Centre.

Ngāi Tahu Property Limited is one of the investment pillars of Ngāi Tahu Holdings Corporation, whose mission is to create wealth for Ngāi Tahu Whānui (families).

Ngāi Tahu Property is involved with several key projects as part of the Christchurch City rebuild. In addition to the many commercial assets owned by the company, it has developed several significant and successful residential opportunities.

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