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  • NZ Property Investor

    BOILING HOT PROPERTY

    Oct 03, 2019 5 minutes

    Rotorua has its sights set on becoming a billion dollar tourism industry in the near future, and a $27.4 million contribution from the Government’s Provincial Growth Fund is fast tracking that goal.

    The funding will be put to good use in the $55 million development of the city’s two “Big Moves” projects – the redevelopment of Rotorua’s lakefront and Whakarewarewa Forest.

    Work for both projects is expected to commence this year and will include new boardwalks, parking, children’s play areas, a wharewaka, terraces, cafes and restaurants; while there will be a new visitor centre built at Whakarewarewa Forest.

    Alongside these plans, private investment in Rotorua is growing at pace. A $30 million luxury spa and wellness centre on the waterfront called Wai Ariki is being developed by Pukeroa Oruawhata Group.

    It is expected to employ 80 staff and be completed in late-2021.

    Employment is strong

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