26 August 2019
Coastlands was inducted into the Wellington Region Business Hall of Fame last week, at an event hosted by the Hutt Valley Chamber of Commerce. Accepting the award, Coastlands Chief Executive, Richard Mansell, acknowledged the late Ray Spackman, whose vision led to the construction of one of the first indoor enclosed shopping malls in New Zealand in 1969.
Richard also acknowledged the initial investors who had the bravery to invest in a completely new concept of a shopping mall in a very small seaside town. In particular, Takiri Love, who exchanged her traditional Maori family land in exchange for shares in the new venture.
In his acceptance speech, Richard spoke of his father, the late Bruce Mansell, one of the original directors of the Alpha Board who managed Coastlands. Bruce took control of Coastlands in 1986 and led its growth from net assets of $3.6 million to $75 million at the time of his passing in 2013. Richard said he is sure his father “would have a wry smile at me being up here to collect what he would describe as an OBE – an award for other blokes’ efforts”.
Hutt Valley Chamber of Commerce CEO, Helen Down said “The aim of the Wellington Region Business Hall of Fame is to recognise and celebrate significant contributions by businesses to the economic and social fabric of our region. To be inducted, businesses must show the diversity, dedication and resilience required to have a meaningful impact on the communities which we all live, work and play”.
To be inducted into the Wellington Region Business Hall of Fame, businesses are nominated by the business community and are then independently researched and judged.