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Home / Northern Advocate

Life goes on for Bream Bay millionaires

By Evan Harding
Northern Advocate·
26 May, 2005 05:59 AM4 mins to read

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It wasn't long ago that Roger Pyle was a One Tree Pt dairy farm owner - then someone offered him $20million for the land.
He was hardly going to say no.
"I was pleased with what I got. I knew when it was time to quit," he chuckled.
When The Northern Advocate spoke
to Mr Pyle, he was on holiday in North Queensland.
He was surprised when asked if he had received $20million for the 80-hectare farm. "I thought that was supposed to be undisclosed."
What made Mr Pyle's property desirable to the undisclosed developer who bought it was its industrial zoning - it is ideally placed to cater for One Tree Pt's expanding business district.
Mr Pyle hasn't yet decided how he will spend his $20million.
"I will probably do something around (Northland)."
He had watched the comings and goings at Bream Bay for decades and expected it to boom eventually. "But it looks like being more sustainable this time."
Back home, Mr Pyle's One Tree Pt neighbour Bruce Cann has also become a multimillionaire.
Mr Cann was on his farm yesterday - it was business as usual after selling a 37-hectare portion of his farm for $6million last year.
The two men have lived in the Bream Bay area all their lives, and their parents before them also farmed the area. And then a development company made offers they couldn't refuse.
When asked if he was happy with his $6million price tag, Mr Cann said: "I think that would be a fair description."
Mr Cann still has about 160ha of dairy farm left, though it was not zoned industrial.
"Lots of agents would like us to sell it but we don't have any definite plans," he said.
"We had no idea it (37ha) was going to be zoned industrial but we have always known the area had the potential for development, ever since we were early settlers," he said.
Maxwells Real Estate sales manager, Peter Jennings of Albany, believes the first factory to be built on the Pyle and Cann farms, to service the nearby port, could be two years away.
Resource Consent applications and infrastructure had to be sorted out first.
Mr Jennings was another man who has done very well out of Bream Bay's boom.
"I have sold $56million of residential developments in the (Bream Bay) area and there's another $36million under contract. It's all been done in the last three years," he said.
If current resource consent applications lodged to Whangarei District Council were successful about 700 new homes would be built in the area.
But Mr Jennings believes that figure will triple over time.
"They will need a lot of lower-priced houses because they need to attract a workforce (for businesses associated with Marsden Pt port) in the next five years."
Land in the area was in high demand because of the expansion of the Marsden Pt deepwater port, which he believed would soon become available for container traffic, he said.
But Northport chief executive Ken Crean has rejected those claims.
"That is talk from people who are not in the port business. We have absolutely no plans whatsoever for a container business.
"In the next decade some of the current (Northport) management will still be around and we have no plans to take on Auckland business in that time-frame."
However, he said it might happen in the distant future.
A massive amount of forestry products had yet to come out of Northland this year and the port business was expanding, hence the need for associated businesses to set up camp on nearby land in the future.

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