Who is accountable for investment decisions?
Council is accountable for all investment decisions and has created a working group to increase this accountability.
Te kaunihera o Kirikiriroa
Find out about Council’s fund for investing in commercial property.
The MEF is an investment fund intended to provide an enduring return to the citizens of Hamilton. As such, the MEF is our tool for investing in commercial property, including land for future developments, property development, joint ventures and equity partnership. Through these investments, the MEF generates income that is used to benefit Hamiltonians by increasing value through development of Council-owned property and reinvesting proceeds back to grow the MEF. It’s important to note that the income is separate from Council’s core activities, is not funded by or impacts rates and is not used to fund our Long-Term Plan.
The MEF portfolio is currently valued at approximately $59 million, including six properties which make up close to 44% of this value. In 2021, the MEF was reactivated and became managed through Council’s Economic Development Committee.
Click here to read the Municipal Endowment Fund Investment Policy.
Council is accountable for all investment decisions and has created a working group to increase this accountability.
No. Although most investments will be within Hamilton and the Waikato, up to 30% of the MEF’s value can be invested elsewhere in New Zealand.
No. Council will actively seek opportunities to partner with the private sector where possible and may undertake projects that have a wider public benefit but are not commercially attractive to the private sector.
Yes. Council would like to partner with the development community to deliver exceptional outcomes where possible.
No. The MEF Policy requires a focus on property investment and development to generate a commercial return.
Council will actively seek to identify projects where the MEF can support the delivery of community outcomes as well as being open to developers contacting us with proposals.
No. The MEF is not a source of grant funding for local projects. The Council’s Long-Term Plan is the primary tool for these opportunities.
Last updated 3 October 2024