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Templeton Group, one of New Zealand's most experienced high-rise developers, today presented its preliminary design for Victoria Street Tower to Hamilton City Council – a project that will deliver Hamilton's first true high-rise tower.
Situated on Victoria Street beside the Waikato River, the $100 million-plus landmark tower will rise 25 levels, with a total gross floor area of approximately 25,000 square metres.
Templeton Group founder and chairman Nigel McKenna said Victoria Street Tower is not simply a new building.
“It is a vertical city – a fully integrated mixed-use development with a complexity and depth of programme that places it alongside the most significant urban projects ever delivered in New Zealand.”
The development will include:
Two levels of basement car parking
Three levels of hospitality and dining, including five food and beverage venues at ground level opening to an activated public plaza
A 200-plus room international 5-star hotel with conference and pre-function facilities
A world-class health, wellness and spa facility with pool terrace
27 serviced apartments and 25 branded residences, including sub-penthouses and a penthouse
A rooftop sky bar and club lounge with panoramic views of the Waikato River and Hamilton skyline
Mayor Tim Macindoe said “The latest images shared by Templeton Group are exciting and reveal a bold vision for Hamilton’s future. A 25‑storey riverfront development of this scale will continue Hamilton’s evolution into a thriving, modern city, with a hotel, apartments, and a world‑class dining precinct right on our river’s edge.
"This development also arrives at exactly the right time for Hamilton. With Fieldays and the Chiefs currently drawing huge crowds, and a growing calendar of major events bringing visitors here from across New Zealand and beyond, the need for more accommodation has never been clearer.
"A 2025 feasibility study shows Hamilton will require around 500 additional hotel rooms by 2030, and demand will continue to grow across the city, including close to Claudelands, where increased accommodation capacity would deliver significant economic benefits associated with major events" said Mayor Macindoe.
McKenna said Victoria Street Tower will be the most complex, most visible, and consequential private development Hamilton has ever seen.
“It will bring international hotel brands to the city for the first time at this level, activate one of Hamilton’s most significant riverfront precincts, generate substantial construction and operational employment, and signal to investors, visitors, and residents alike that Hamilton is a city building for its future with confidence and ambition.”
McKenna is one of just a handful of New Zealand developers with a proven track record in delivering multiple high-rise towers. His completed projects include the Abstract Hotel (12 levels), Rydges Hotel (18 levels), Unilodge on Anzac (20 levels), and the Quadrant Hotel (24 levels), each delivered over a typical five-to-six year development cycle.
Across more than three decades, McKenna has delivered more than 1000 hotel rooms across New Zealand, from The Sebel at the Viaduct in 1998 through to the recently opened Abstract Hotel and Residences in Auckland, which Templeton owns and operates. McKenna’s earlier projects, including The Viaduct in Auckland, and Dockside and Shed 5 in Wellington, remain active and greatly valued parts of their cities more than 30 years on.

Waikato travellers have taken to a return of trans-Tasman flights from Hamilton, with a 39% leap in Hamilton Airport passenger numbers in the second half of last year.
And along with more incoming Aussies, some Kiwis are even driving down from Bombay to skip a trip out of Auckland over a Waikato offering.
Hamilton Airport recorded the surge in passenger numbers during the six months to December 2025 - an increase of 71,000 travellers on the year earlier.
According to their six-month report around 55,000 flyers were taking to the skies for international routes between Hamilton, Sydney and the Gold Coast.
Hamilton Airport chief executive Mark Morgan said that since the start of Jetstar’s daily international flights across the ditch, “the buzz hasn’t stopped since”.
The Waikato Times had earlier revealed that in the first month since the service launched, almost 9000 passengers took flights to Australia.

The commercial property market appears to be on a strong footing in the regions.
From his base in Hamilton, Mike Neale is well positioned to assist vendors and purchasers across the Waikato and Bay of Plenty.
Demand is pushing up prices, rents and leases, but supply is growing too. Coupled with growth in transport networks, this is highly promising for the Waikato and Bay of Plenty, Neale says.
“Hamilton was once the poor cousin in the Golden Triangle, but it’s firmly on the radar now.
“We’re seeing an increasing amount of investors from outside come in, from Auckland and Wellington particularly,” he says.
“Tauranga has been the golden child in many ways, with a more affluent population, but I think it’s evened out a lot more now.”
Neale is managing director of NAI Harcourts in Hamilton and has more than 20 years’ experience specialising in commercial real estate.
Overall, the commercial real estate market has been showing a return to good form, he says.
“There’s certainly a lot more interest in commercial property. It’s been driven by the lowering of the Official Cash Rate and particularly bank deposit rates.
“People are looking at other forms of investment so there have been significantly more inquiries and we’re certainly starting to see a rise in values.”

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