Latest news with #TempletonGroup
1News
7 days ago
- General
- 1News
Why this town's lake is causing a stink
It might sound idyllic to live beside a lake, but for Pegasus residents, it is anything but. The Pegasus Residents' Group wants answers on the fate of Pegasus Lake, due to ongoing issues with toxic algae. Environment Canterbury (ECan) issued an abatement notice to the developer, Templeton Pegasus Ltd, last month about the state of the artificial lake in the Canterbury town. It followed the latest public health warning for toxic algae, which was issued in December. Residents' group chairperson Matt James said frustration was growing among residents, who continued to face uncertainty. ADVERTISEMENT ''We have a good relationship with Templeton Group, which has given us a good insight into the problem. ''For a manufactured lake, it is very deep and the water is very stale. ''It is like a garden pond. It is fed by aquifers, but the flows aren't fast enough to flush it out, which has causes the lake to layer.'' The artificial lake was constructed by the original developer, Infinity Group, between 2008 and 2010, with Todd Property Group taking over the development in late 2012. It is now owned by Templeton Pegasus Ltd, a subsidiary of Templeton Group. Templeton Pegasus Ltd has been contacted for comment. Pegasus Lake is a popular spot for recreational activities. (Source: Local Democracy Reporting) ADVERTISEMENT James said Templeton Pegasus Ltd presented residents with a plan last year, but he believed no progress has been made since. ''The community hasn't heard back from Templeton for sometime and there's a lot of frustration and at times anger. ''My personal suspicion is it will end up with the council (Waimakariri District Council) having to deal with.'' Fellow residents' group committee members Colin Brownlee and Peter Johnston said the lake had been a drawcard in attracting residents to move to Pegasus. Algal bloom was first reported in February 2015, with the lake closed to recreational use for the first time. Two months later, ECan found the lake weeds had been sprayed with Diquat herbicide. An infringement notice was issued to Todd Property Group in 2020, with the sub-division subsequently sold to Templeton Group. ADVERTISEMENT An ECan spokesperson said Templeton Pegasus Ltd holds four resource consents and is in breach of conditions in two of those consents. ''The lake is prone to blooms of potentially toxic algae ('blue-green algae') over the summer period.'' Templeton Pegasus Ltd has since issued a registration of interest via its consultancy firm WSP last month to investigate options to remediate the lake. LDR is local body journalism co-funded by RNZ and NZ On Air.
RNZ News
7 days ago
- General
- RNZ News
Why this town's lake is causing a stink
Living beside a lake is not as idyllic as it sounds for Pegasus residents. Photo: It might sound idyllic to live beside a lake, but for Pegasus residents it is anything but. The Pegasus Residents' Group wants answers on the fate of Pegasus Lake, due to ongoing issues with toxic algae. Environment Canterbury (ECan) issued an abatement notice to the developer, Templeton Pegasus Ltd, last month about the state of the artificial lake in the Canterbury town. It followed the latest public health warning for toxic algae, which was issued in December. Photo: Residents' group chairperson Matt James said frustration is growing among residents, who continue to face uncertainty. ''We have a good relationship with Templeton Group, which has given us a good insight into the problem. ''For a manufactured lake it is very deep and the water is very stale. ''It is like a garden pond. It is fed by aquifers, but the flows aren't fast enough to flush it out, which has caused the lake to layer.'' The artificial lake was constructed by the original developer, Infinity Group, between 2008 and 2010, with Todd Property Group taking over the development in late 2012. It is now owned by Templeton Pegasus Ltd, a subsidiary of Templeton Group. Templeton Pegasus Ltd has been contacted for comment. James said Templeton Pegasus Ltd presented residents with a plan last year, but he believes no progress has been made since. ''The community hasn't heard back from Templeton for sometime and there's a lot of frustration and at times anger. ''My personal suspicion is it will end up with the council (Waimakariri District Council) having to deal with.'' Pegasus Lake is a popular spot for recreational activities. Photo: North Canterbury News Fellow residents' group committee members Colin Brownlee and Peter Johnston said the lake had been a drawcard in attracting residents to move to Pegasus. Algal bloom was first reported in February 2015, with the lake closed to recreational use for the first time. Two months later ECan found the lake weeds had been sprayed with Diquat herbicide. An infringement notice was issued to Todd Property Group in 2020, with the sub-division subsequently sold to Templeton Group. An ECan spokesperson said Templeton Pegasus Ltd holds four resource consents and is in breach of conditions in two of those consents. ''The lake is prone to blooms of potentially toxic algae ('blue-green algae') over the summer period.'' Templeton Pegasus Ltd has since issued a registration of interest via its consultancy firm WSP last month to investigate options to remediate the lake. - LDR is local body journalism co-funded by RNZ and NZ On Air.
Otago Daily Times
7 days ago
- General
- Otago Daily Times
Why this town's lake is causing a stink
It might sound idyllic to live beside a lake, but for the residents of this Canterbury town it is anything but. The Pegasus Residents' Group wants answers on the fate of Pegasus Lake, due to ongoing issues with toxic algae. Environment Canterbury (ECan) issued an abatement notice to the developer, Templeton Pegasus Ltd, last month about the state of the artificial lake in the Canterbury town. It followed the latest public health warning for toxic algae, which was issued in December. Residents' group chairperson Matt James said frustration is growing among residents, who continue to face uncertainty. ''We have a good relationship with Templeton Group, which has given us a good insight into the problem. ''For a manufactured lake it is very deep and the water is very stale. ''It is like a garden pond. It is fed by aquifers, but the flows aren't fast enough to flush it out, which has causes the lake to layer.'' The artificial lake was constructed by the original developer, Infinity Group, between 2008 and 2010, with Todd Property Group taking over the development in late 2012. It is now owned by Templeton Pegasus Ltd, a subsidiary of Templeton Group. Templeton Pegasus Ltd has been contacted for comment. Pegasus Lake is a popular spot for recreational activities. Photo: North Canterbury News Mr James said Templeton Pegasus Ltd presented residents with a plan last year, but he believes no progress has been made since. ''The community hasn't heard back from Templeton for sometime and there's a lot of frustration and at times anger. ''My personal suspicion is it will end up with the council (Waimakariri District Council) having to deal with.'' Fellow residents' group committee members Colin Brownlee and Peter Johnston said the lake had been a drawcard in attracting residents to move to Pegasus. Algal bloom was first reported in February 2015, with the lake closed to recreational use for the first time. Two months later ECan found the lake weeds had been sprayed with Diquat herbicide. An infringement notice was issued to Todd Property Group in 2020, with the sub-division subsequently sold to Templeton Group. An ECan spokesperson said Templeton Pegasus Ltd holds four resource consents and is in breach of conditions in two of those consents. ''The lake is prone to blooms of potentially toxic algae ('blue-green algae') over the summer period.'' Templeton Pegasus Ltd has since issued a registration of interest via its consultancy firm WSP last month to investigate options to remediate the lake. By David Hill, Local Democracy Reporter ■ LDR is local body journalism co-funded by RNZ and NZ On Air.
Scoop
7 days ago
- General
- Scoop
Why This Town's Lake Is Causing A Stink
It might sound idyllic to live beside a lake, but for Pegasus residents it is anything but. The Pegasus Residents' Group wants answers on the fate of Pegasus Lake, due to ongoing issues with toxic algae. Environment Canterbury (ECan) issued an abatement notice to the developer, Templeton Pegasus Ltd, last month about the state of the artificial lake in the Canterbury town. It followed the latest public health warning for toxic algae, which was issued in December. Residents' group chairperson Matt James said frustration is growing among residents, who continue to face uncertainty. ''We have a good relationship with Templeton Group, which has given us a good insight into the problem. ''For a manufactured lake it is very deep and the water is very stale. ''It is like a garden pond. It is fed by aquifers, but the flows aren't fast enough to flush it out, which has causes the lake to layer.'' The artificial lake was constructed by the original developer, Infinity Group, between 2008 and 2010, with Todd Property Group taking over the development in late 2012. It is now owned by Templeton Pegasus Ltd, a subsidiary of Templeton Group. Templeton Pegasus Ltd has been contacted for comment. Mr James said Templeton Pegasus Ltd presented residents with a plan last year, but he believes no progress has been made since. ''The community hasn't heard back from Templeton for sometime and there's a lot of frustration and at times anger. ''My personal suspicion is it will end up with the council (Waimakariri District Council) having to deal with.'' Fellow residents' group committee members Colin Brownlee and Peter Johnston said the lake had been a drawcard in attracting residents to move to Pegasus. Algal bloom was first reported in February 2015, with the lake closed to recreational use for the first time. Two months later ECan found the lake weeds had been sprayed with Diquat herbicide. An infringement notice was issued to Todd Property Group in 2020, with the sub-division subsequently sold to Templeton Group. An ECan spokesperson said Templeton Pegasus Ltd holds four resource consents and is in breach of conditions in two of those consents. ''The lake is prone to blooms of potentially toxic algae ('blue-green algae') over the summer period.'' Templeton Pegasus Ltd has since issued a registration of interest via its consultancy firm WSP last month to investigate options to remediate the lake.
Scoop
18-06-2025
- Business
- Scoop
Templeton Group Celebrates Four Wins At 2025 Property Industry Awards
Friday 13 June proved auspicious for Templeton Group, as the company took home four major accolades at the 2025 Property Council New Zealand Rider Levett Bucknall Property Industry Awards, the country's most prestigious property awards programme. The wins spanned 3 projects, across 2 categories and reflected the strength of Templeton's diverse portfolio, which includes residential, mixed-use, and tourism properties. Templeton's developments in Long Bay and Upper Queen Street won three awards in the Hawkins Multi Unit Residential Property category: · ABSTRACT (Auckland CBD) Excellence Award · Kahu (Long Bay) Merit Award · Light Box (Long Bay) Merit Award Templeton was also recognised in the Holmes Group Tourism and Leisure Property Award category, taking home a Merit Award for ABSTRACT, which uniquely blends short-term hotel accommodation with long-term residential leasing. 'These awards validate the bold vision Templeton brings to each project,' said Nigel McKenna, Templeton Founder and Chairman. 'Each of these developments reflects, in its own way, Templeton's understanding of the role of development as a force of social influence, changing perceptions and creating new and meaningful opportunities for families, creators and communities. They all feed off our team's eclectic interests in design, culture and the arts coupled with a willingness to invest in creativity, expressed as a result of strong partnerships. I'm incredibly proud of our team and our collaborators, who continue to challenge what's possible in urban design and community living.' About Templeton Led by Nigel McKenna, Templeton Group is New Zealand's largest private, non-listed residential property developer, with a multi-billion-dollar portfolio under development throughout New Zealand. Common to all Templeton projects is a strong focus on design aesthetics while always delivering places where people want to live.
