Port Otago chief executive Geoff Plunket said a review of Chalmers had decided because its largest holding was in Dunedin it was “under-represented” here, and the head office should be relocated.
### ODT Online Sat, 21 Jan 2012
Return of Chalmers Propert[ies]
By Simon Hartley
Port Otago is relocating its subsidiary company Chalmers Propert[ies], which has a $197 million property portfolio around the country, from its Wellington headquarters to Port Chalmers. […] Within Chalmers’ $197 million portfolio, $110 million is in Dunedin, $65 million is in Auckland and the balance of $22 million is in Hamilton. Chalmers is a partner in a 50:50 joint venture in Hamilton. […] Longtime Chalmers chief executive Andrew Duncan is not relocating to Dunedin and a job for general manager of property is being advertised by Port Otago. The job is to be based in Port Chalmers, with administrative support.
█ NZ Companies Register: http://www.companies.govt.nz/co/925428
Posted by Elizabeth Kerr
2 responses to “Chalmers Properties Ltd”
Why would a Port Otago owned company base itself in Wellington anyway – vanity, idiocy, both? It doesn’t send a good message about their commitment to the Dunedin and Otago regional economies.
anon, let’s say it’s advantageous to have Mr Duncan out of the company.