Expressions of Interest
(EOI) Timeline
Early August 2026 — Council briefing
Eliot Sinclair briefs Council on the campaign and plan change intent, with all materials provided to honour our no surprise policy.
August 2026 — Pre-market window
Exclusive early access before the public campaign. Extended to Taharoa C shareholders and project partners/suppliers. Same Expression of Interest (EOI) terms as the open campaign.
1 September 2026 — Marketing opens
Public campaign launches.
Covenants:
Draft estate covenants available from 1 September, subject to change as the scheme plan is finalised
Covenants apply consistently across all lots and exist to protect the value of every EOI and SPA holder's investment
18 October 2026 — EOI close
Campaign closes. Approximately seven weeks from launch.
21 October 2026 — Board decision
Board determines whether to proceed, based on EOIs received and reviewed through the campaign.
Pending Board approval — Private plan change
Rezone from residential to commercial. Targeting completion March 2028, subject to council process.
Through this period: EOI holders receive regular project updates as the plan change progresses.
March 2028 (indicative) — EOI converts to Sale & Purchase Agreement
On plan change firming. Offers are made to EOI holders in order of receipt. Each holder is offered their highest-ranked available choice; each offer is open for 10 working days before the process moves to the next holder. A holder who converts on a lot remains eligible for their other choices, with any further offer at the vendor's discretion.
Lots are offered as settled in the final scheme plan; sizes and boundaries may differ from those shown at EOI stage. Estate covenants, as settled, form part of the SPA.
Pricing:
Lot prices are confirmed at conversion, informed by market conditions at that time
Indicative pricing at present: $850–$1,050/m²
Road-frontage lots priced as premium sites, not on a per-m² basis
10% deposit payable on conversion from EOI to SPA.
November 2028 — Construction starts
November 2029 — Titles issued
How the Expression of Interest Works
Te Ara Commercial Park is being brought to market in stages. This page explains how the Expression of Interest (EOI) process works, so you know what registering means and what happens next.
An EOI is a simple, no-cost way to register your interest in a lot. It is not a purchase, and it commits neither you nor Te Ara Commercial Limited (TAC) to anything. It tells us which lots the market wants, and it places you in line for the lots you prefer.
Registering your interest
You submit one EOI. Within it, you can name up to three lots, ranked first, second and third choice.
The three choices are your own preference ladder — your first choice is the lot you most want, with the second and third as fallbacks if your first is already spoken for. Naming three lots does not give you three EOIs; it simply gives you options if your preferred lot is contested. Register your interest.
There is no deposit, no AML and no fee. An EOI is signature-only.
What happens if others want the same lot
More than one party may be interested in the same lot. Priority is determined by order of receipt — the earlier your EOI is registered, the stronger your standing on the lots you have chosen.
If your first choice has already been taken by someone ahead of you, you are considered for your second choice, then your third. Registering early improves your position in the queue.
Timing and price
There is no fixed price at EOI stage. Lot prices are confirmed later, when the project firms up and an EOI converts to a Sale and Purchase Agreement. Prices are set with reference to market conditions at that time. Current indicative pricing is available in the campaign materials.
Registering early secures your place in the queue. It does not fix or discount the price — but it does mean you are first in line for the lots you want.
The steps ahead
The EOI campaign runs through to 18 October 2026, after which the TAC Board decides whether to proceed. This decision rests with the Board.
If the project proceeds, TAC will pursue a plan change and subdivision. EOI holders are kept updated through this period. When the project firms up, EOI holders are offered the lots they have registered for, in order of standing, and an EOI can convert to a Sale and Purchase Agreement at that point.
A few things to know
An EOI is non-binding on both sides. You may withdraw it, and TAC is under no obligation to proceed.
Lot sizes and boundaries shown are indicative and may change as the plan is finalised.
Lots are subject to estate covenants, which apply consistently across the development to protect the value of every holder's investment.
EOIs are managed by Bayleys on TAC's behalf, and are accepted at TAC's discretion.
This page is a general guide. It is not a contract, and the process may be refined as the campaign progresses.
Register your interest through the Bayleys team. Earlier registrations carry earlier standing — so if a lot matters to you, it pays to register early.