23 June 2011 – Following detailed structural inspections of The Palms Shopping Centre, our consultant engineers have confirmed that the building performed well during the 13 June earthquake and subsequent aftershocks.

Further damage was sustained in a few areas, which will be repaired. The north entrance (near Countdown), which was due to open at the end of June requires attention. The recently-fixed guttering will undergo a new round of repairs to ensure the building is watertight. The travelators and newly-replaced tiling also require some repairs.

The Palms Shopping Centre manager Keryn Ward says, “We would like to reassure the public that while we have been dealt further delays and there is some work to be done, we will be reopening as soon as possible.

“We hope to have an update on our rescheduled opening dates in the near future, once we have a clearer picture of the time required to remedy the further damage.”

http://www.facebook.com/pages/The-Palms-Shopping-Centre/144755025564699

www.thepalms.co.nz

ends

20 June, 4.19pm. The Palms Shopping Centre has announced that following the recent series of severe aftershocks, the planned 30 June opening of the centre’s first phase is no longer possible.

This means the reopening plan to see the centre open in stages over the next few months is now delayed by at least a month.

Preliminary inspections have been completed, with further detailed structural inspections to be carried out over the next two week period to determine if any works are required and to confirm new phased reopening dates.

The Palms Shopping Centre manager Keryn Ward says, “As always, our concern is for the safety and well-being of our retailers, customers and staff. Despite everyone’s best efforts and the significant progress made, our reopening dates will be rescheduled. We will continue to update everyone via media and The Palms Facebook page and website.”

http://www.facebook.com/pages/The-Palms-Shopping-Centre/144755025564699

www.thepalms.co.nz

ends

23 May 2011

The receivers of the SCF Group have announced that GE Capital’s New Zealand Equipment Finance business has acquired over NZ$100 million of commercial loan book assets from Face Finance Limited, a subsidiary of South Canterbury Finance Limited.

Face Finance primarily focuses on ‘big ticket’ financing in the transport and infrastructure sectors. It has operated on a largely standalone basis from the rest of the SCF Group since establishment with a separate distribution network and customer relationships.

Receivers Kerryn Downey and William Black of McGrathNicol said that “the sale to GE Capital is a very pleasing outcome and represents a key milestone in the realisation of South Canterbury Finance’s loan book assets. We believe the acquisition by GE Capital will provide increased certainty for Face Finance’s customers.”

GE Capital was successful in its acquisition following a competitive sale process, with Deutsche Bank AG New Zealand branch acting as sale advisor to the receivers.

Media Contact:

Kate Alexander
Alexander Communications
T +64 9 524 4957
M +64 27 244 6094
E: kate@alexandercomms.co.nz

About McGrathNicol
McGrathNicol is an independent advisory firm specialising in corporate advisory, forensic, transaction services and corporate recovery. It is a market leader in Australia and New Zealand, with more than 300 people across the region, including more than 30 partners.

About Face Finance
Face Finance Limited (In Receivership), a subsidiary of South Canterbury Finance Limited (In Receivership), is a Plant and Equipment Finance specialist offering financial solutions to a variety of New Zealand business sectors, including transport, aviation, civil and agricultural contracting, printing, forestry, and manufacturing.

At a time when the nation’s attention is focused on recreating the built environment of our second-largest city, a new enterprise is launching with two significant and potentially contributory new initiatives: New Zealand’s first nationwide accessibility programme, Be. Accessible, and the first nationwide disability leadership programme of its kind, Be. Leadership.

At its launch event at the Auckland War Memorial Museum on Friday 6 May, Be. Institute will formally present the two programmes and outline the vision for what the institute, through its initiatives and partnerships, can do to foster accessibility and enable a 100% accessible society for all New Zealanders.

The mission is social change: to improve the accessibility of the physical environment, enable better access to information, promote the inclusion and leadership of disabled people in employment and the community, and change social attitudes and behaviours.

In many respects, the timing of the launch is optimal. One Be. Institute project, the Be. Test Match, will be rolled out through the Be. Accreditation programme (part of Be. Accessible) to the 12 New Zealand cities hosting Rugby World Cup 2011.

In the first phase, the Be. Assessors will visit key locations in each of the 12 cities and assess stadia, fan zones, i-SITES and other relevant locations such as hotels.

However, the organization’s aims for its programmes reach beyond this sporting event. By the end of May, Be. Accessible will have trained 40 Be. Assessors, who will be equipped with the tools and know-how to perform holistic assessments of the aforementioned sites, and thousands of others over time.

They will be able to cover the whole accessibility journey, asking questions like: how accessible is the organisation’s website?; what is the level of customer service?; how accessible is the building entrance, interior and products?; and are the business / organization’s marketing materials accessible to all people?

Be. Institute is led by chief executive Minnie Baragwanath, who before founding Be. Institute worked for 10 years in the disability sector, advising to the former Auckland City Council. She has brought together the Auckland Council, the Auckland University of Technology and the Auckland District Health Board to be founding partners of the Be. Institute.

Since it was formed in early 2011, Be. Institute has developed a working partnership with the Ministry of Social Development, and MP Tariana Turia will be attending the launch event, along with 200 other VIPs and contributors.

Ms Baragwanath says, “In launching the Be. Institute we are mindful of the importance of recognizing what is already being done. We have made great progress as a nation – however, there is more we need to do to create a 100% accessible country. New Zealanders are by nature inclusive and socially aware, and we are seeking to build on this through specific practices in our two programmes. Our view is that if we get it right for disabled people, we get it right for all people.”

Be. Accessible involves an accreditation framework and a communications campaign to inspire and enable a 100% accessible society. Be. Leadership, the first leadership programme of its kind in New Zealand, invites 20 emerging leaders to participate in a 10-month journey to become the best leader they can be.

Any business can book an accessibility assessment from a Be. Assessor and learn how they can change their practices or structure to make their organization more accessible. They need not be affiliated with RWC 2011 to do this.

Fact Sheet

• The Be. Institute launch event:
  • Date: Friday 6 May 2011
  • Time: 7pm – 10pm
  • Venue: Auckland War Memorial Museum
  • Dress: Glamorous and authentic
• The Be. Institute was founded in 2011 through a partnership between the Auckland Council, the Auckland University of Technology (AUT) and the Auckland District Health Board;
• It is a social enterprise with the purpose of inspiring and enabling accessibility through innovation and leadership;
• The problem New Zealand faces is that 20% of the population doesn’t get full access to society, and even if employment is possible, people with disabilities earn less on average that those without;
• Founding trustees of the Be. Institute include John Allen (CEO of MFAT and Chair of the Employers Disability Network) and Mark Bagshaw, and the current chief executive is Minnie Baragwanath;
• The Institute’s two initiatives are Be. Accessible and Be. Leadership, which are designed to collectively achieve 100% accessibility for all New Zealanders;
• There are three interdependent pillars – social, physical and personal – necessary for a truly accessible society;
• The Be. Institute’s philosophy is around inclusion – everyone is welcome to participate – and the principle that in order to create a world in which we can all Be., we need to think about our expectations of disabled people, and consider the value of disabled people as leaders and not just recipients of charity;
• The vision and mission of Be. – can we talk about the importance of the Be. Accessble programme.
• One of the first social change programmes to inspire business, community, govt to recognise that we all play a part in creating an accessible world;
• The Be. Institute has coined a new term – the ‘Access Customer’ – which may include any of the following:
  • An older person (the baby- boomer)
  • A parent pushing a stroller
  • Someone with a hearing or vision impairment
  • A person with a mental health impairment
  • A person who uses a wheelchair
• Launch attendee Tariana Turia is co-leader of the Maori Party and the member for Te tai Hauauru, Minister for Disability Issues and the Community and Voluntary Sectors, and Associate Minister of Social Development and Health;
• Launch attendee Rodney Hide is leader of the Act Party and the member for Epsom, Minister of Local Government and Regulatory Reform, and Associate Minister of Education;
• Between 660,000 and 730,000 people in New Zealand have a disability, and a total of 20% of Kiwis report a disability;
• Half of people 65+ have a disability, and by 2030 25% of Kiwis will be aged 65+;
• 186,340 people with a disability could be working;
• The limited accessibility for people with a disability means that 20% of Kiwis are excluded from fully participating in everyday activities;
• With improved accessibility, businesses could increase by 20% more customers;
• Sign Language is the third official language of New Zealand;
• The welfare cost is $2.1 billion per annum and the opportunity cost an estimated $11.7 billion per annum;
• El Du Pont de Nemours & Co conducted a study of 1,000 workers with disabilities, with results showing:
  • 81% of workers with disabilities rated better than average in job performance;
  • 86% of workers with disabilities rated above average in attendance;
  • 98% of workers with disabilities rated average or better than average in safety with;
  • No increase in compensation costs.

Sources:

Statistics New Zealand, 2006
Office for Disability, 2008

Be.ready – The toolkit for business
Innov8 Consulting Group Disability Statistics Chart

For further information:

Dwayne Alexander

Alexander Communications

+64 (0)21 324463

dwayne@alexandercomms.co.nz