The Accident Compensation Corporations (ACC) investment team and 3Capital’s driving-force – 3Group Limited, established a partnership in mid-2023, Awatoru Property.
The Awatoru Property partnership brings together market-leading capital investment, and development and construction capability, to execute high-quality property development with a long-term focus across the Golden Triangle; home to over half of New Zealand’s population and most of its economic activity.
Director of 3Group Limited, Tamati Parker, comments on the partnership, “When searching for suitable investment partners, we were clear about our values and our long-term approach. This naturally led us to the Accident Compensation Corporation (ACC). Their unique investment criteria and company values align perfectly with ours as we look to develop and build a portfolio of high-quality commercial buildings with long lease terms. This is the start of something quite special.”
Awatoru translates to ‘Three Rivers’ and connects us to the Golden Triangle of New Zealand. Tamati Parker also states, “Awatoru’s name was chosen as it also stands for a river that gets to where it wants to go. The future looks bright for the Awatoru Property partnership.”
Awatoru’s focus is on purpose design and constructing commercial and industrial properties in the Golden Triangle (Auckland, Waikato and Tauranga). These regions are also where 3Group have focussed their development and construction capacity and capability over the last several years, so strong relationships with smaller businesses have also been established.
3Group Limited covers the full spectrum of the property investment, development, construction and maintenance cycle. Injecting some serious capital into the equation really allows us to grow and to deliver solid, steady, long-term returns to ACC investment team.