Issue 20, August 2000 Edition of PULSE

PULSE

Issue 20  August 2000 Edition 

Produced by…

Development Investment Board, Private Bag, Avarua, Rarotonga, Cook Islands Tel: +682.24296 Fax: +682.24298 Email: cidib@oyster.net.ck  Internet: http://www.cookislands-invest.com 

Kia Orana and welcome to the August 2000 edition of Pulse!

Pulse is the Development Investment Board publication produced monthly. The newsletter provides you with events and activities involving the Cook Islands business community. Pulse also provides an update on new Investment and Trade Opportunities in the Cook Islands. Should you wish to contribute to Pulse, please email us your details along with your script and we will insert this into the next issue.

Marketing Division Development Investment Board

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COOK ISLANDS TOURISM CORPORATION APPOINTS NEW TOURISM REPRESENTATION COMPANY

The Cook Islands Tourism Corporation is pleased to announce the appointment of ‘Innovative Marketing Concepts Enterprises (imc2), as its new North American representation company effective from 1st August 2000.

The directors of imc2, Erin Suzuki and James McCann are highly respected within the South Pacific Tourism Industry, having spent a combined total of twelve years managing and marketing various resorts in the Pacific.

The Cook Islands has seen strong growth out of all markets with North America increasingly playing a key role in the continuing strong arrival figures.

The Cook Islands Tourism Corporation with imc2 is developing a new pro-active marketing strategy that will encompass consumer, retail travel agent and tour operator based marketing promotions and incentives.

The Cook Islands Tourism Corporation’s new contact in Canada is:

Cook Islands Tourism Corporation

280 Nelson Street – Suite 202

Vancouver

British Columbia V6B 2E2

Canada

USA Postage:

Cook Islands Tourism Corporation

2250 E. Imperial Highway, Suite 200

El Segundo, CA 90245, USA

Phone: 1-604-301-1190 Toll Free: 1-888-994-2665

Fax: 1-604-687-3454 Toll Free Fax: 1-877-468-6643

Email: cookislands@earthlink.net 

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COOK ISLANDS DELEGATION TO ARTS & CRAFTS EXHIBITION, SYDNEY OLYMPICS 2000

The Development Investment Board has confirmed the Cook Islands participation at the forthcoming Pacific Islands Arts & Crafts Exhibition to be held in Sydney, Australia coinciding with the Olympic Games.

The Exhibition will be held at the St. Andrew’s Cathedral School gymnasium located at 51 Druitt Street, Sydney (near Townhall).

Over the past 4 months, the Development Investment Board has been working closely with the South Pacific Trade Commission’s Office in Sydney in preparation for the exhibition. To date, the Cook Islands is one of five countries confirmed to participate at the exhibition. According to the organisers of the event SPTC, "the aim of the exhibition is to raise awareness amongst the Australian public and international Olympic games visitors on the range of tourist products / services, arts and crafts and investment opportunities available in Forum Island Countries including the Cook Islands."

The Development Investment Board has been working closely with the Cook Islands delegation, comprising of 4 active and export-oriented businesses from the private sector:

Mr Norman Welsh – Island Craft Ltd

Mrs Jean Welsh – Island Craft Ltd

Mrs June Baudinet – June’s Pearls

Mrs Tina Hosking

The delegation will be showcasing locally manufactured Arts & Crafts including shell crafts, natural fibre crafts, the elusive black pearls – loose / set, perfumes, wooden crafts, Cook Islands music, beach and resort wear.

The Development Investment Board will be co-participating at the Exhibition with the Cook Islands Tourism Office in Sydney – lead by the Office’s Manager – Mereana Taruia. The contribution fee for the Cook Islands representation at the Exhibition has been borne by both the Development Investment Board and the Sydney Tourism Office.

The Development Investment Board would like to acknowledge the assistance shown by the South Pacific Trade Commission’s Office through sponsorship of the rental payment for lease of space, the exhibition booth designs and set up, telecommunications, utilities and ground transportation.

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FINE FOOD FAIR 2000, MELBOURNE, AUSTRALIA

The annual Fine Food 2000 will be held from 17 20 November 2000 alternating between the cities of Sydney and Melbourne in Australia.

The Fine Food Fair is one of the largest food industry events in the Pacific Region and is an opportunity for companies from the region to come together to promote respective retail, food-service and hospitality industries.

For the first time this year Fine Food Fair will incorporate the Supermarket Show and the combined show will showcase products and technology that will drive retailing in the new millennium.

The South Pacific Trade Commission’s Office in Sydney, Australia has been a regular participant in this event for a number of years in a bid to assist Pacific Island exporters develop and market their products in a competitive and sophisticated environment. According to the SPTC Trade Commissioner in Sydney, "this exposure has given many of these island companies confidence to seek larger global markets.

At this year’s Fair, the SPTC will have a pavilion accommodating 8 display stands to exhibit food products for packaged/processed food, spices and beverages.

Should you be interested in participating at the Fine Food Fair 2000, please contact the Development Investment Board’s Marketing Division on Phone: 24-296. Companies who express interest must be export driven and must meet the Fair’s criteria with products of good quality, packaging and competitive pricing.

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NEW ZEALAND NATIONAL HOSPITALITY SHOW, AUCKLAND NEW ZEALAND (17 – 19 SEPTEMBER 2000)

The annual New Zealand National Hospitality Show will again be staged this year and the South Pacific Trade Commission (SPTC) in Auckland has confirmed their participation at the exhibition.

The show will be held at the NZ Expo Centre in Greenlane, Auckland on 17 – 19 September 2000 and is expected to draw up to 10,000 trade visitors including those working in the restaurant, catering and distribution / wholesale sectors.

The SPTC office is inviting producers and manufacturers in Pacific Island Countries (PIC) of good quality food, beverage and hospitality products to exhibit in the SPTC stand. According to SPTC, "the stand which will be a fully fitted out space measuring 3.6m x 3.6m is a cost effective way for PIC’s to promote their products to a targeted audience.

The Development Investment Board has expressed interest in the Show with SPTC. DIB would like to invite food producers, manufacturers and processors from the Cook Islands with good quality products that are well packaged, presented and commercially viable on the New Zealand market to confirm their interest by contacting the DIB Marketing Division.

Last year the SPTC stand promoted a variety of products from the Pacific Islands including coffee, coconut cream, chocolates, cocoa products, jams, chutneys and processed pawpaw which were all well received by visiting trade people. At last year’s show, the Cook Islands was represented by Hugh Baker of Pawpaw Products Ltd promoting diced fruits, juice and also jams and chutney from Fruits of Rarotonga.

For further information on the Hospitality Show, please contact the Marketing Division at DIB on Phone: 24-296.

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Cook Islands Bidding for 2005 South Pacific Mini-Games:

The Cook Islands Sports and Olympic Association ("CISOA"), the Cook Islands Tourism Corporation, and the Cook Islands Development Investment Board will host a cocktail reception in Sydney to celebrate the official country bid to host the 2005 South Pacific Mini-Games.

The cocktail evening will highlight the ‘Spirit of Kia Orana’ involving multiple presentations and cultural shows by a Cook Islands delegation. Cook Islands officials are presently finalising a bid document, complete with incentives and inducements, which will be presented to the Oceania Olympic Committee by Hon. Dr Terepai Maoate – Prime Minister of the Cook Islands.

It is understood that a competing bid will be presented by the Republic of Palau.

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USA & Canada Mission Postponed

The Development Investment Board ("DIB") has regrettably postponed its proposed trade and investment promotional mission to the mainland USA and Canada.

The decision was reached after most confirmed trade exhibitors withdrew their participation in favour of the two-week Art and Craft Trade Exhibition in Sydney – from the 15-30 September 2000.

Rohan Ellis, Chief Executive of DIB, said that "all arrangements for the proposed Americas mission has been postponed to a more suitable and practicable period. Unfortunately, most DIB lead events for the month of September are focused on Sydney – Australia". Mr Ellis also advised that the tourism promotional roadshow would continue on a reduced scale, to fewer cities than originally planned. Mr Ellis highlighted that "the Americas trade and investment promotional mission will be re-programmed for early 2001 after close consultation with the appointed USA-based co-ordinator". Mr Ellis further remarked that "mission scheduling is vital for the Cook Islands delegation to maximise its investment, where every dollar spent is halved as a result of a weakening New Zealand Dollar".

The DIB would like to apologise sincerely for any inconvenience caused by the postponement. Furthermore, all confirmed invitees (per state/city) will be contacted and advised of the revised plan.

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Two German Interns at the Development Investment Board

The Development Investment Board ("DIB") has confirmed placements of two German graduates who shall carry through seven-month internships with the DIB.

Ms Anke Koch of Mainz, Germany – shall study and report on new industries which the Cook Islands Government and private sector could develop to maximise internal production and international export. The study will revise an audit of available resources within the Cook Islands, and shall highlight world trends on niche products and services. The report will identify key project areas for development, which is aimed at diversifying the Cook Islands economic base. At present, the Cook Islands economy is spearheaded by Tourism – with record arrivals and profits, Black Pearls – with increasing shell stock and farmers, International Trusts – with growing demand for trustee and international company services via the Cook Islands, and meagre Agricultural exports of tropical fruit to New Zealand, and noni product to Asia and the USA.

From November, Mr Jorg Reinhold of Brandenburg, Germany – shall develop e-commerce systems for local manufacturers of exportable product, as well as re-vamp all DIB marketing and promotional materials. At present, the Cook Islands manufacture over five hundred types of product that are suitable for export to Asia, USA and Europe. E-commerce solutions will enable product manufacturers to reach key markets with minimal outlay. World-wide use of the internet is growing exponentially and Cook Islands exporters will tap a huge group of people that use the internet to simplify shopping needs and requirements. It is proposed that an electronic brochure featuring all Cook Island-product will be produced and launched early 2001. The brochure will feature verbal and visual descriptions, complete with online ordering and payment options.

Mr Reinhold will provide the DIB with key insights into the European marketplace and will also provide handy advice on what and how to market and package goods to a European shopper.

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Anti-Money Laundering Legislation in Force:

The Parliament of the Cook Islands has officially ratified the Money Laundering Prevention Act 2000 (the "act"), which was drafted by the Office of the Commissioner of Offshore Financial Services (the "Commissioner").

The enactment of the act on the 18th August 2000, honours the commitment made by the Cook Islands in terms of the Honiara Declaration and also continues our reputation risk measures. Ms Mathilda Urhle, Commissioner stated that "in the global financial market, financial institutions may unwittingly be utilised as intermediaries for the transfer or deposit of funds derived from criminal activity. The purpose of the act is to construct barriers to the potential use of the Cook Islands as a method of introducing illicit funds to the financial system".

The act introduces a range of measures. Penal sanctions include a conviction to fine of up to $20,000 and / or imprisonment of upto 5 years.

The act requires all financial institutions to:

keep a business transaction record of any new account and any new business transaction that exceeds $30,000 for a period of 5 years.

Instruct all its officers to report any suspicious transaction, which may involve the proceeds of crime.

Comply with any guidelines and training requirements issued to it by the authority.

Develop and apply internal procedures, policies and controls to combat money laundering and develop audit functions to evaluate such policies, procedures and controls.

Develop and apply procedures to audit compliance with the above requirements.

For purposes of clarity, financial institutions include all financial institutions in the domestic and offshore regimes.

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Airlines Fly to Rarotonga as Tahiti Fuel Strike Continues:

Rarotonga International Airport got a taste of LAX with a flurry of international airlines landing in Rarotonga for re-fuelling, amidst a fresh fuel workers strike at Papeete – French Polynesia.

On Monday alone, four airlines: Air Tahiti Nui (A340), AOM (A340), Corsair (B747), and Hawaiian Airlines (DC10) landed in Rarotonga for refuelling. More airlines are expected to arrive Rarotonga for a similar exercise including: Air France, Qantas, and Air Caledonie International.

Many residents on Rarotonga were overwhelmed with the continuous landing and departure of foreign aircraft – in addition to a growing and varying international schedule provided by Cook Islands flag carrier - Air New Zealand.

The Cook Islands benefit in many ways:

landing fees of some $5,000 per aircraft

bulk fuel purchasing for non-stop Rarotonga-Los Angeles services

duty-free shopping in the transit terminal

visual marketing and promotion of beautiful Rarotonga where the runway is adorned by towering lush mountains on one-side and a blue lagoon on the other, spiced with friendly ground staff in the terminal building.

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Editors Note…

Welcome to 'Pulse' - the monthly newsletter / update of the Development Investment Board of the Cook Islands. Pulse provides you with an update on New Investment and Trade Opportunities as well as the general flow of business in the Cook Islands.

Marketing Division, Development Investment Board, Private Bag, Rarotonga, COOK ISLANDS

Ph: +682.24-296 Fx: +682.24-298 Email: cidib@oyster.net.ck  Internet: http://www.cookislands-invest.com 

The one stop shop Agency for Trade & Investment Promotions, Facilitation and Approvals"

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INVESTMENT OPPORTUNITIES

Project Name: Ariana Bungalows Ltd : a motel & hostel New Release!

Location: Upper Tupapa, Rarotonga.

Description:

Property consists of 7 one-bedroom bungalows, 3 studio apartments, 2 dormitories, 6 hostel rooms and owners two-bedroom house. There is also a swimming pool, TV Room, pool table, barbecue area, office, garage and store rooms on the property, which is located in a garden setting 150 metres inland from the main road. There is ample room for expansion.

Value of Investment:

NZD650,000.00 (financing available) includes leases, buildings and all personal property (sheets, towels, furniture, etc) necessary for the operation of a motel.

Start Date:

Available immediately

Contact:

Bob Healey, P O Box 925, Rarotonga, Cook Islands, South Pacific.

Tel/Fax: +682 20-521, E-mail: Bob@gatepoly.co.ck 

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Project Name: Puaikura Reef Lodges Limited New Release!

Location: Arorangi, Rarotonga.

Description:

12 Units Self Catering Motel with a 14 metre fresh water swimming pool, BBQ/Bar/Snack area, including all chattels. The property is well appointed amongst well-kept gardens and just across from a white sand beach.

Value of Investment:

NZD900,000.00 negotiable

Start Date:

Available immediately as a going concern (Present owner relocating)

Contact:

Adi Narayan, P O Box 397, Rarotonga, Cook Islands, South Pacific.

Tel: +682 23-537 Fax: +682 21537, E-mail: accommodation@puaikura.co.ck 

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Project Name: Swiss Restaurant & Cocktail Bar

Location: Arorangi, Rarotonga.

Description:

A unique opportunity for a lifestyle on Rarotonga - Cook Islands. Well established and highly favoured A' la Carte Restaurant and Cocktail Bar for sale. Present operations present Swiss Cuisine – prepared by leading Swiss Chef. Excellent customer base since the restaurant is located within walking distance to the largest Hotel in the Cook Islands plus several smaller resorts. The main restaurant hall seats 50 people, and an additional 20 in the garden – which on starlit nights is magic! The main restaurant has locally manufactured french-like doors that open out onto cobble-stoned walkways and gardens of palms and heliconia.

The kitchen is housed separately from the dining hall, affording diners the perfect ambience without noise or excessive aroma. Good potential and good opportunity for proven restaurant operators.

Value of Investment:

NZD190,000.00 (Value added tax included)

Start Date:

Immediate.

Contact:

Brent Fisher, P.O. Box 880, Rarotonga, Cook Islands

Tel: (682)21596 Fax: +682 23354, E-mail: bafisher@oyster.net.ck 

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Project Name: Ice Cream Factory

Location: Rarotonga, Cook Islands

Description: Factory specialising in High Quality local fresh fruit Ice Cream. Commercial quality Italian manufacturing plant also enables processing fresh fruit for other uses with some export potential. Included is a 1,000sq ft modern 2 bedroom house with private lanai/deck. Downstairs houses the 1,000 sq. ft ice cream factory, alongside garage, carport, sauna, and laundry. An opportunity to develop this ice cream business to full potential and live a peaceful and relaxed lifestyle in Rarotonga.

Value of Investment: NZD245,000.00 – includes house site, factory, and ice cream plant.

Start Date: Immediate

Contact:

Don Carlaw – Current owner, P.O.Box 582, Rarotonga, Cook Islands

Telephone: +682.21060, Facsimile: +682.28070

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Project Name: Screen Printing & Embroidery Factory

Location: Rarotonga, Cook Islands

Description: Large factory with well established retail outlets. Package includes precision auto printer, three carousels, 2 dryers, cap printer, flash cure units, over 1000 screens, fully equipped art department with skilled local artist. Tajima TMBE 612 for all embroidery. Reliable, skilled and loyal staff (7-10 years employment) who produce high quality garments & product. Established wholesale contacts with some exports to New Zealand and other Pacific Islands. The established retail outlets are the largest on Rarotonga with good consistent profitability over the years. These outlets also cover the full range of sportswear, swimwear, sandals and souvenirs for the local and tourist market. Good leases for factory and retail.

Value of Investment: P.O.A – no goodwill

Start Date: Immediate

Contact:

Don Carlaw – Current owner, P.O.Box 582, Rarotonga, Cook Islands

Telephone: +682.21060, Facsimile: +682.28070

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Project Name: Beachcomber Ltd. - Exclusive Black Pearl Boutique & Art Gallery (HISTORICAL LANDMARK)

Description: The Beachcomber Ltd was established in 1976 as a black pearl jewelry and gift store by Joan Rolls. Joan and her family have been involved in all aspects of the pearl industry since their father began experiments with pearl shell farming in the Northern Group Cook Islands during the 1950's.

In 1992, Joan and her husband David Gragg had the good fortune to obtain a 60 year lease on the 150 year old London Missionary Society Sunday Mission building residing on a ½ acre site in uptown Avarua. The 3,500 sq. ft building is now the Beachcomber Ltd., Cook Islands leading Black Pearl Jewellery Show room and Pacific Art Gallery. The interior was completely renovated in 1992 and fitted out with hardwood floors and terra cotta tiles, French doors, with a center atrium and fountain and cupolas on the red tile roof. The complex has a recent addition on the seaside housing the jewelry, pearl shell carving and glassblowing workshops. On the second floor of the 2500 sq. ft. workshop is the computer room and storage.

The wide covered verandah area of the workshop is visitor friendly with park benches for the visitors to relax and watch the artists at work it also has the potential for a café or restaurant on the adjoining tree shaded patio. There is also a new caretakers flat with a beautiful view of the lagoon and blue Pacific.

The beachcomber Ltd has a commercial lease, which enables a developer to branch into other areas of business activity. The location is central and highly sought after.

Value of Investment:

The Beachcomber Ltd is on the market at NZD2.1 Million including $350,000 of inventory. Financial Reports and Statements will be released to investors qualified by the Cook Islands Development Investment Board.

Contact:

Mr. & Mrs. David-Gragg, P.O.Box 91, Rarotonga, Cook Islands

Telephone: +682.21939, Facsimile: +682.22939, Email: blkpearl@bcpearls.co.ck

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Project Name: Club Raro Resort

Location: Rarotonga, Cook Islands

Description: Club Raro Resort was constructed in the mid-1970's with 39 guest rooms together with extensive facilities

including restaurant, entertainment center, pool with swim up bar, and conference room. The resort occupies 2.6 acres of land and is fairly close to Avarua city. The resort is on the coastline with no beach frontage.

Resort will be sold as a going concern with all chattels and facilities – book debts will be the responsibility of the vendor.

Value of Investment: P.O.A

Start Date: Immediate

Contact:

Mr Jean Francois Debon, General Manager, Island Resorts Ltd (Vendor), P.O.Box 121, Rarotonga, Cook Islands

Telephone: +682.25435, Facsimile: +682.25475, Email: jfdebon@edgewater.co.ck 

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Project Name: Central Motel

Location: Avarua, Rarotonga, Cook Islands

Description: A recently built 14 room (queen and twin bedded – three pairs inter-connecting) motel in the centre of Rarotonga's main township. Guest library, guest laundry, large spa pool and conference room. Close to restaurants, bars, banks, ships, cinemas and Post Office. All rooms feature IDD telephone, colour television, tea/coffee-making facilities with toaster, bar fridge, mini bar, fan and screened windows.

Value of Investment: P.O.A. Some finance available

Start Date: By arrangement

Contact: John Tansley, P O Box 183, Rarotonga, Cook Islands

Telephone: +682.22738, Facsimile: +682.22739, Email: john@gatepoly.co.ck 

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Project Name: Supermarket

Location: Arorangi, Rarotonga.

Description: A well-placed and serviced supermarket in the densely populated area of Arorangi caters to both Cook Islanders and visitors. Super-market is adjacent to a hotel/resort, is part of a mini-mall operation with restaurant, children's shop, and video store. Easy and convenient parking provides good customer flows. Business is debt-free, and an annual turnover of NZD1.1 million dollars. The business offers NZD65,000 worth of chattels and appliances together with NZD40,000 stock. Business hours currently operated are 6am – 11pm, 7 days a week. Financial reports available to genuine inquiries. One-month management and operational training provided to buyer. Owner wanting to retire.

Value of Investment:

NZD150,000.00

Start Date: Immediate

Contact:

Bob Weidemeier, The Flamboyant Supermarket, P.O.Box 2065, Rarotonga, Cook Islands

Telephone: +682-23959, Facsimile: +682-23960

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Project Name: Cooks Corner Shopping Arcade

Description: Enuakura Section 205A #1 and Cooks Corner Arcade, is a central point of Avarua city. Cook's Corner Arcade is the central station for Cook's Passenger Bus Transportation system - the only public bus transport company on Rarotonga. The arcade covers 1243 square meters of land and structure with 18 shop spaces of varying sizes. Some shops have inter-connecting capability to cater for vendors with varying product ranges. In addition to the 18 shops - is a central kiosk that has café/bistro/food bar potential.

Existing vendors include:

Hideaway Bar

Cooks Corner Café

Turtles - branded apparel

Casino of the South Pacific - Cook Islands Headquarters

The shopping arcade is next door to Bergman & Sons - arguably the Cook Islands most prestigious Black Pearl retailers and wholesalers, and CITC - the largest shopping Center on Rarotonga and indeed the Cook Islands.

All shops have large glass doors that open onto the cobblestone arcade. The existing land and site owner is open to new development proposals. The arcade has great potential as a boutique shopping village, or corporate offices. Off-street customer parking is adjacent to the shopping site. The site has commercial leasehold agreement - the land and site owner is selling the whole complex on a 10 + 10 year leasehold basis with first right of renewal.

The value of prime estate in Avarua City is soaring and this is a grand opportunity for investors. The landowner has not taken a proactive role in the operations of the arcade wishes to retire immediately.

Value of Investment: P.O.A. Confidential Financial Reports are available to genuine investors.

Start Date: Immediate - existing lease-owner wishing to retire

Contact:

Tim Arnold, Barrister & Solicitor, P O Box 486, Avarua, Rarotonga, Cook Islands

Phone: +682.23-569, Fax: + 682.23568, Email: go-loco@gatepoly.co.ck 

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Project Name: Oceanfront Property

Location: Rarotonga International Airport, Nikao, Rarotonga

Description: Areanu Section 207 Avarua is located just out of town opposite Rarotonga International Airport Terminal. The total land area equates 1.3 acres and is currently used as a pawpaw plantation. The property presents a 'clear' profile with no large trees that require felling - therefore ready for development! The site is ideal for commercial development including carpark to complement the limited parking space in the Airport area. There are active plans to redevelop the airport terminal and the Airport Authority has just introduced a 'user-pay' parking system for all parking bays.

On the other hand, the property could be used for accommodation development as an airport motel - catering for transit passengers or passengers connecting on to a domestic flight.

The landowner is offering a 20 + 20 year commercial leasehold interest with first right of renewal.

Value of Investment: Areanu Section 207 Avarua - all of 1.3 acres is available for NZD300,000.00

Start Date: Immediate - existing lease-owner wishing to retire.

Contact:

Tim Arnold, Barrister & Solicitor, P O Box 486, Avarua, Rarotonga, Cook Islands

Phone: +682.23-569, Fax: + 682.23568, Email: go-loco@gatepoly.co.ck 

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Project Name: Bergman & Sons New Release!

Location: 3 Branches, main branch central Avarua, Banana Court Branch Avarua, Edgewater Resort Shopping Center.

Description: The Cook Islands major black pearl & jewellery retailer with established art and craft lines. Established in 1976, the Bergman family's experience and excellent reputation are benchmarks for the industry. This project offer includes:

a. NZD900,000.00 worth of stock at cost;

b. company chattels;

c. well appointed manufacturing workshop;

d. quality 380 sq. meter 3 bedroom residence with a 55 year lease, valued at NZD255,000.00;

e. additional panoramic hillside building site with excellent views of Avarua and surrounds on a 55 year lease.

Value of Investment: NZD1.5 million

Start Date: Immediate start – transitional management assistance available as part of package. Current owners wishing to retire.

Contact: Trevon Bergman, Bergman & Sons Ltd

Email: trevon@oyster.net.ck Telephone: +682.21902 / 21904, Facsimile: +682.21903, Cellular: +682.55010

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LAND FOR SALE

Location: Muri, Ngatangiia, Rarotonga.

Description: Approximately ¼ Acre section on a hill 500m from the beach with a beautiful view of Muri Lagoon, reef and the sea. Power, telephone and water have been installed. Needs a million dollar home to do it justice. Approximately 54 year lease.

Value of Investment: NZD$40,000.00

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HOUSE FOR SALE

Location: Kiikii, Rarotonga, Cook Islands

Description: Two bedroom house with two bathrooms complete with a massive living area. One year old home situated on the beachfront in Kiikii. 55 years remaining on lease.

Value of Investment: NZD$255,000.00

Contact:

Brent Fisher, P.O.Box 880, Rarotonga, Cook Islands.

Telephone: +682.23356, Facsimile: +682.23354, Cellular: +682.55154, Email: bafisher@oyster.net.ck 

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BIG GAME FISHING CHARTER BUSINESS New Release!

Location: Rarotonga, Cook Islands

Description:

The ideal lifestyle business - this business is a one off. It is the only local style of boat being used for big game fishing for the tourist charter industry. The boat is 26-foot long and seats five fishermen and also has a game chair and glass viewing panel.

Value of Investment: NZD$56,250.00

Contact:

Brent Fisher, P.O.Box 880, Rarotonga, Cook Islands.

Telephone: +682.23356, Facsimile: +682.23354, Cellular: +682.55154, Email: bafisher@oyster.net.ck 

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COMMERCIAL SURFACE LONGLINE FISHING BOAT New Release!

Location: Rarotonga, Cook Islands

Description:

A small fully equipped longline boat for sale / 30 foot long with 13 mile line drum. Approximately 350 – 400 hooks / latest electronic equipment on board. This is a turn key sale. Owner moving into fish processing so guaranteed sale of catch.

Value of Investment: NZD$112,500.00

Contact:

Brent Fisher, P.O.Box 880, Rarotonga, Cook Islands.

Telephone: +682.23356, Facsimile: +682.23354, Cellular: +682.55154, Email: bafisher@oyster.net.ck 

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City – Central Offices

Location:

Avarua City, Rarotonga

Description:

Prime commercial space first floor of the Centerpoint Building, next to Westpac Bank. Total area is 2,700 square feet. Location offers ocean and mountain views over the bustle of Avarua city. Board-room and offices with air conditioning, private entrance and reception & private toilets and kitchenette.

Ideal for company seeking large open-plan or a group of private offices. Vendor open to new ideas.

Rate:

NZD18.00 per square foot.

Contact:

Marie Melvin

Tel: +682.22009

Fax: +682.22031

Email: nerw@islandcraft.co.ck 

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FOR SALE BY TENDER

Project: Milk Plant, Lease hold land and Buildings

Description: Lease hold land and buildings located in the Cook Islands. The land is described as Aretere section 79, approximately 6069 square meters, Avarua, Rarotonga and has 33 years left to run. The building is approximately 700 square meters comprising the following.

The Building

One walk through freezer, 8 meters x 4 meters x 2.4 meters high and one walk through chiller, 8 meters x 4 meters x 2.4 meters high. Both these units are serviced by a more than adequate external and internal loading ramps. One air conditioned dry goods store, 8 meters x 4 meters x 3.4 meters high, one food grade process room, 16 meters x 8 meters x 2.4 meters high with associated control room. The floor slopes to a sump in the corner of the room where a sump pump, pumps waste to an extensive soakage pit and field drainage system. Ideally suited for food meat or fish processing. Offices, comprising one main office, reception and two other secondary offices, all with air conditioning. One laboratory, toilet shower and kitchen area. The building is supported by a back up generator, being one diesel Perkins 6 cylinder turbo-charged engine with Stamford alternator rated to 100 KVA at 400 volts, 3 phase, 50Hz. Fitted with fully automatic start/stop control systems. A small area of accommodation could also be incorporated in this building. At present the freezer, chiller and stand by generator are leased producing a modest income.

The Milk Plant

The milk plant was installed in Rarotonga for a local company "Pacific Milk Corporation" and was required to produce 4000 litres per day. However due to lack of demand for the product average 300 to 400 litres per day was found to be uneconomical. The plant is capable of producing milk, cream, the primary products for ice cream, and yoghurts, as well it could also be converted for juice processing. The plant was built in 1997 when the New Zealand dollar was much more favorable against the U.S. dollar and the price of stainless steel was considerably less. Construction of the plant comprises of three main skids, with the Homogoniser and Packager mounted separate offering the opportunity for a high degree of portability. Additional to the plant is all instrumentation, PLC control, Laboratory equipment and water chiller.

Milk Recombination Plant Services Specification details

The milk plant as presently installed in Rarotonga has the following service requirements and would require similar provisions if relocated.

(a) Electricity

This factory requires approximately 80 kilowatts of power to be available at 400 volts 3 phase, and 230 volts 1 phase 50Hz.

(b) Floor Space

The entire milk plant is presently installed inside a clean room of 16m x 9 m dimension, although it could fit in about 12m x 9m if required. The water chilling system, hot water tank, water treatment plant and water tanks are outside this room, as they do not need to be inside the hygienic area, and require and additional area of about 70m2 depending on the actual layout. The clean room requires a "supershield" type floor, and sealed walls and ceiling, suitable for food processing and the necessary hosing and cleaning.

(c) Hot & Cold Water

The process includes a pasteurisation stage for which both hot and cold water is required. The cold water is provided by a chilling system which cools an anti freeze solution to minus 2oC. This chiller is electrically powered. The hot water is required to be 80oC minimum and is currently provided by a heat exchanger fitted to the diesel generator. This setup can be easily fitted to an existing diesel generator if required. The hot water is also used to heat the CIP solutions used during the cleaning stages. The chilled Glycol is also used to chill the process water prior to the addition of ingredients. The generator is not part of the plant and equipment as it is part of the building, with the exception of the heat exchanger.

(d) Water

The water supply needs to be of reasonably clean quality and not treated with any chlorine, fluorides etc The mineral content should be low in iron and copper (less than 20 ppm) Approximately 3000 litres per day is required for plant cleaning and general operations when the factory is run each day. The milk factory process includes a water treatment plant consisting of micro filtration down to .05 microns and U.V. exposure. While this equipment is not part of the plant being sold, having being sold previously, it is readily replaced and offers the opportunity as a side industry in the marketing of bottled, clean drinking water.

Equipment Specifications

(a) Hot Water System

The water is heated by a heat exchanger fitted to the radiator circuit of the diesel engine, and also by electric elements (18kw) if necessary. The thermal rating of the heat exchanger is 80kw, and the engine thermostat controls the temperature to 85oC, thus the heat exchanger can provide water above the required 85oC by itself under normal conditions. There is a circulation pump running whenever the diesel engine runs. The tank water temperature is sensed by the PLC and the electric elements are controlled accordingly, so that the water is kept hot enough to allow continuous operation of the pasteuriser once it has started. The fully insulated tanks volume is 1500 litres and this is sufficient for continuous operation.

(b) Water Chiller System

The water is chilled by an Emailer twin compressor unit of 90kw thermal rating. The operation of the two compressors is staged depending on the load. The chiller cools a glycol circuit which prevents unnecessarily frequent starting and stopping of the compressors. The glycol circulates directly through the pasteuriser and the jacket of the mixing tank T1

(c) Control system

The plant control is managed by an Omron Sysmac 200 series PLC. This is connected to an Omron NT600s operators control station which displays the plant status and accepts operator commands via its touch screen. The system is fully programmable should changes to the plant be required. The entire control system is backed up by a 3kva U.P.S. system should there be any power change while the diesel generator is not running.

(d) Packaging System

The packager is a Prepack Sachet machine that can package volumes from 250ml up to 2 litres with a simple manual adjustment. The rate of packaging is 1000 units per hour when packing in 1 litre sachets

CONDITIONS OF TENDER

Highest or any tender not necessarily accepted. Tenders close 31-7-00 at 4.pm New Zealand time and tenders will be accepted in any one of three forms.

(a) All plant and buildings described above in Paragraphs (4) and (5). (b) Building and generator as described above in Paragraph (4). (c) Plant as described above in Paragraph (5).

All property buildings and plant are "on a as is where is basis" and while all care has been taken to represent plant and buildings as accurately as possible, no responsibility will be taken for any inaccuracies in performance or condition of the plant and buildings. Prospective purchasers should familiarize themselves with the plant and buildings. Prospective purchasers intending to carry out business in the Cook Islands should familiarize themselves with Cook Island law.

(5) The successfull Tender will be required to settle within 5 working days from notification through a Cook Island legal firm. Any additional information required can be obtained through:

bafisher@oyster.net.ck 

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Project Name: Sunrise Beach Motel

Location: Ngatangiia, Rarotonga

Description:

Sunrise Beach Motel consists of 8 units of 6 individual bungalows and 2 together in one block. It is located right on the beach in Ngatangiia less than half a kilometer from the famous Avana harbour entrance. The bungalows are of superior design with Polynesian flavour. Four of the individual bungalows are located right on the beach and the other two and the duplex double block is located amongst gardens and tropical growth. It is approx. 100 meters from the main road with a right of way to it. There is ample land available for further development or for managers/owners residence. All units have access to the beach.

The land is 3773 square meters (just under an acre) level and rising towards the beach. The beach is rocky but spectacular with wave actions close by on the reef.

The complex includes a swimming pool which is no longer in use but can easily be recommissioned for operation. All units are fully furnished and functional. However there is a need for replacements and upgrade of furnishing and décor.

This is a small family motel targeted for middle priced tourism trade. However in view of its location it can easily be upgraded to boutiques upmarket units.

This is a unique long-term opportunity for an investor or someone looking for a new more satisfying and rewarding lifestyle. The property is offered for sale with a brand new 60 year lease which will commenced 1 January 2000.

Terms of Lease:

The annual rental for the land is $1000 reviewed every five years (this is a normal requirement for Cook Islands leases. In addition the lessee is required to pay 1.5% gross turn over to the landowners.

Value of Investment:

NZD$425,000.00

Start Date:

Immediate. Present owners seeking to retire

Contact:

Mr Iaveta Short – Director, Sunrise Beach Motel

Telephone: +682.24538 Facsimile: +682.24539, Email: bafisher@oyster.net.ck 

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TRADE OPPORTUNITIES

Commodity: Resort & Swim Wear

Description: Beautifully hand-painted as well as block printed resort and swim wear based on various themes (sea-life, island flora, legends, people) utilising attractive colour ways to suit demand. All items are manufactured in the Cook Islands by local Fashion Designer – Ellena Tavioni.

Resort wear produced in cotton, linen, lycra, silk. Product more suited from middle to upmarket clientele seeking a unique style with a strong pacific flavour.

Clothing can also be made to order for specialised lines. TAV Ltd is versatile and flexible and can produce any garment demanded.

Export Volume: Open

Delivery Date: Dependent on quantity ordered – will be delivered to buyer one week after order and purchase detail completed.

Contact:

Ellena Tavioni, Managing Director / Designer, TAV Ltd, P.O.Box 448, Rarotonga, Cook Islands

Telephone: +682.23202, Facsimile: +682.25202, Email: tav@oyster.net.ck 

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Commodity: Taro – Peeled & Frozen or Natural

Description: Cook Islands Taro available peeled and frozen or natural. For ease of quarantine procedure – peeled and frozen is best for export.

Export Volume: 100 tonnes per month – reefer container or smaller parcels. Taro can be shipped or airfreighted to your doorstep.

Items are available at NZD2.00 per kilo + shipping and documentation charges. Larger volumes negotiable.

Delivery Date: Advice at negotiations

Contact: Robert Wigmore, Managing Director, Wigmore Farms Ltd, P.O.Box 244, Avarua, Rarotonga, Cook Islands

Telephone: +682.20206, Facsimile: +682.24206

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Commodity: Cook Islands Pawpaw (Papaya)

Description: Cook Islands pawpaw has been exported in large volume to New Zealand for the last 20 years. The fruit are the 'Waimanalo' variety – which are larger than the 'Sunrise' as grown in Fiji and Hawaii. The fruit is fleshy with a pleasant taste and texture. Juice is naturally sweet and all fruit is sun-ripened.

Export Volume: Average Maximum Export Quality Capacity is 3.6 tonnes per week.

Delivery Date: Cook Islands Pawpaws can be exported to the consumer 3-4 days after order confirmation and purchase.

Please note that Quarantine regulations must be pre-set prior to shipment. At present, New Zealand and Canada are the only export markets.

Contact:

Helen Tatuava, Director, Cook Islands Marketing Services, P.O.Box 158, Rarotonga, Cook Islands

Telephone: +682.23361, Facsimile: +682.21391

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Commodity: Maire (Hawaiian Maile Garland)

Description: Cook Islands Maire or Hawaiian Maile is a scented vine that is used as garlands for prestigious events. The Cook Islands currently export this in large volumes to supply the Hawaiian Market. Leaves can also be used to scent oils, soaps, and Perfumes/colognes with its musky aroma.

The Hawaiian Market is well established with an appointed distributor – whilst other markets are on the look out.

Export Volume: 45-50,000 lei's or garlands are exported to Honolulu per year. Small, medium or large orders are welcome – direct from the Cook Islands. Quarantine checks will have to be followed through prior to shipment. Maire is treated before export.

Delivery Date: 3-4 days after order confirmation and payment. Shipment will also be dictated by airline scheduling.

Contact:

Kura Guinea, Export Coordinator, Mauke Maire Ltd

Telephone: +682.35130, Facsimile: +682.35094

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Commodity: Atiu Coffee

Description: The Atiu Coffee Factory Limited operates two farms buying fresh coffee cherries from private growers on the island of Atiu for processing. The company makes roasted coffee, medium and dark roast in various sized bags. Established in 1984, the company currently sells its’ products to the local market, and exports to New Zealand and worldwide by mail orders.

Export Volume: The company produces up to 4,000kg’s of coffee every year

Delivery Date: 7 – 14 days

Contact:

Mr Jurgen Manske-Eimke, P O Box 13, Atiu, Cook Islands

Ph: (682) 33-030, Fx: (682) 33-032, Email: coffee@adc.co.ck 

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Commodity: Atiu Fibre Arts Wall Hangings, Bed Spreads, Art Pieces

Description: The Atiu Fibre Arts Studio and Gallery designs and produces breadspreads, wall hangings, wearable art handpainted with vibrant colours. Most designs are based and produced around a theme or setting. A client may request for any of the above products based around their own theme or setting. The company has been in operation for over 10 years.

Delivery Date: Up to 3 months depending on size and quantity of product required

Contact:

Mr Jurgen Manske, P O Box 13, Atiu, Cook Islands

Ph: (682) 33-030, Fx: (682) 33-032, Email: art@adc.co.ck 

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Commodity: Bottled Noni Juice, Cook Islands Noni Management Limited

Description: The Cook Islands Noni Management Limited has been in operation for two years now with a bid to develop both the local demand of the product, and also the export industry involving Noni Juice. Company Director – Mr Danny Mataroa has developed strong linkages and relationships with smaller Noni Growers in the Cook Islands in a bid to consolidate noni fruit supply.

Export Volume: The company can supply up to 7,000 litres per month (84,000 litres per year)

Delivery Date: Depending on size of order, delivery to dispatch time could take 2-3 weeks

Contact:

Mr Danny Mataroa, P O Box 78, Rarotonga, Cook Islands

Ph: (682) 23-955, Fx: (682) 26-955

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Commodity: Locally Processed Jams, Chutneys, Dressings, Muesli and Dried Fruit

Company: Fruits of Rarotonga

Description: Fruits of Rarotonga processes locally grown fruits into Jams, Chutneys, Dressings, Muesli and dried fruit. The company uses fruits such as pawpaws, bananas, venevene, lemons, oranges, passion-fruit, capsicums, cucumbers, star-fruits, tomatoes and grapefruits.

Export Volume: 3000 litres per year

Delivery Date: Depending on size of order 1 – 2 weeks

Contact:

Mr Allen Turtle, P O Box 883, Rarotonga, Cook Islands

Ph: (682) 21-509 (b), (682) 25-635 (ah), Fx: (682) 24-248

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