So who has the controlling stake in Kapiti Airport? It may not be who you think.
With so much current community interest on the overall subject, a few days ago in a conversation I was having with Karl on facebook, Karl Webber made a very good point that I don't know who Templeton is.
The other afternoon needing a break, and since I enjoy research (strange, I know), I thought I should find out for myself. Anyway, what I learnt was not what I expected, so I thought I would share this in case anybody else is interested out there in our fantastic community.
For anyone that does not want to read everything below, in summary, it is not majority controlled by the Temptleon Group, nor is NZ PROPCO, these are just holding companies.
LinkedIn informs that the majority control appears to fall under a Brett Gamble as he is the CEO of Tailorpsace, the Managing Director of Alvarium Investments NZ and the only shareholder of BHIVE GOLD LIMITED, all of which combined own 50.10% of the airport, the Templeton group it turns out only owns 49.90% of Kapiti airport.
Alvarium Investments NZ is a large fund that is controlled by Alvarium RE Limited (a huge fund) based in London UK, and Tailorspace; as mentioned Brett Gamble is head of both Alvarium Investments NZ and Tailorspace.
Some will be aware that it becomes more complicated for a non NZ company to directly invest in NZ property if their stake goes above 25%, I noticed that Alvarium RE Limited UK is nicely under that at 23%
Finding ownership or any funding information for the Templeton group is much harder, the Templeton group is owned by Templeton holding limited, who in turn is owned by Templeton controller limited.
Templeton controller limited is a trustee company, that is it acts on behalf of others and does not own the assets of the company itself, this type of setup is sometimes used when the real owners/stakeholders of a company don't want to be publically known. I would say that Templeton doesn't seem to want to make it too easy to find out whom Templeton controller limited is fronting/acting for.
What I did find of interest is that Templeton controller limited is the trustee for another company setup around the same time, "WARKWORTH LAND COMPANY LIMITED", that company is 50% owned by AINZ FUND 0 LIMITED, which is 100% owned by Alvarium Investments (NZ) - who of course is 46% owned by Alvarium [RE] Limited in the UK. That association with Templeton controller and Alvarium creates a nice loop between Templeton and Alvarium, although that does not at all mean that either has a stake in the other.
Anyway, I let you make your own mind up if this is of interest to you or not. For me personally, it is just nice to have a better understanding of the key stakeholders and as such who stands to benefit and profit from any development of Kapiti airport.
All the information here is freely and publically available on the companies own websites, companiesoffice.govt.nz, or made public by the companies/persons detailed on LinkedIn.
I have only done a short bit of research here, and there would be a lot more to learn about these relationships out there, but I should get back to what I should be doing...
Poll: Do you think banning gang patches is reasonable?
With the government cracking down on gangs, it is now illegal for gang members to display their insignia in public places whether through clothing or their property.
This means arrests can be made if these patches are worn in places like restaurants, shops, on public transport or ferries, and on airplanes. Arrests were made recently at a funeral.
Do you think this ban is reasonable?
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77.1% Yes
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22% No
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0.9% Other - I'll share below
Kapiti Coast Distilled: A Family and Friends' Foraged Gin
In an exciting development for local spirits enthusiasts, Elsewhere Gin has released a limited edition Kapiti expression that truly captures the essence of our coastal region.
This unique gin, priced at $95 per bottle, is the result of a heartwarming collaboration between Elsewhere Gin and Mark Rose's parents and their friends in Kapiti who embarked on a community foraging adventure, handpicking an array of native botanicals including kohekohe, kauri tips, strawberry guava, horopito, and kawakawa. These locally sourced ingredients were combined with classic gin botanicals, lemon, and rosemary to create a spirit that is both familiar and distinctly Kapiti.
The gin offers a sensory journey through our coastal landscape. It opens with subtle vanilla notes from the kohekohe, followed by the sweetness of strawberry guava. The addition of horopito lends a peppery kick, while kawakawa adds a unique herbal complexity. The finish showcases the zesty lemon and aromatic rosemary that grow abundantly in our region.
"This gin is a love letter to Kapiti," says Rose. "It's not just my creation, but a true community effort. Every sip tells a story of our unique ecosystem, our shared knowledge, and the incredible flavors we have right here in our backyard."
With only a small batch produced, this Kapiti gin is expected to sell out quickly. It's more than just a drink; it's a bottled experience of our local terroir and community spirit, perfect for those who appreciate the finer aspects of craft spirits and the beauty of our coastal home.
Available exclusively through Elsewhere Gin, please contact Michael Anderson for this limited edition gin that offers a rare opportunity to taste the Kapiti coast - and its community - in a glass.
Michael Anderson
021 620 065
Email; michael.anderson@xtra.co.nz
What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
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