6.3 million cubic metre expansion secured
Expressions of Interest close 7 September 2016
Expressions of interest are invited for purchase of the strategic assets of a landfill business serving greater Wellington that’s been given the green light to substantially expand its operation.
The Happy Valley site on which it is located has been used for the land-filling of waste since the early 1970s.
Lying about four kilometres southwest from the CBD, it accommodates three operational landfills and two that are closed. “The landfill in question is a highly strategic waste management asset positioned to support building and infrastructure development works in the greater Wellington region well into the future,” the Wellington branch partner of ABC Business Sales, Gerard Dunne, said. He is managing the sale of C&D Landfill Ltd’s business assets, as distinct from the sale of the company’s shares.
The assets include rights to operate not only the existing landfill site under current resource consents but also a future landfill in a significantly expanded area adjacent to the existing site under consents issued – but not yet uplifted – by Wellington City Council and Greater Wellington Regional Council.
The site is gazetted for sanitary works, and sits within the Carey’s Gully Landfill designation and Open Space B of the Wellington City District Plan, including the area up to the 300-metre contour line.
“With the current 7.7-hectare landfill operation soon to reach capacity, an area known as the Western Gully, to the north and west of the existing site, has been identified for expansion,” Dunne said.
“It covers some 13.1 hectares and consents were successfully obtained in 2014 to deposit up to 6.3 million cubic metres of cleanfill, construction and demolition fill into this area over an operational time frame of 35 years. “The consents enable deposition of ‘clean’ non-hazardous cleanfill, construction and demolition fill”,
The landfill is not open to the general public and the land is leased from Wellington City Council. Dunne said the sale of assets would go hand in hand with negotiation of a mutually acceptable lease directly with the land owner for occupying the site on an ongoing basis.
“Interested parties will be required to complete a purchaser submission to register as a prospective buyer and demonstrate adequate qualification and resources to operate a modern cleanfill, construction and demolition landfill site.”
Sale of the business assets will be managed as a staged process, commencing with calling for expressions of interest and provision of comprehensive sales documentation.
Following a process of discovery, including engagement with the landowner, offers from prospective buyers will be called and an agreement for sale and purchase negotiated.
Expressions of interest are sought by 7 September 2016.
Or contact Gerard Dunne on 027 220 8277 or [email protected]