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flag Developer buys New Zealand's Tauranga Marine Precinct for $13.98M, aiming to create a superyacht hub.

flag The Tauranga Marine Precinct in New Zealand has been sold for $13.98 million to developer Sam Rofe, after a legal dispute was resolved. flag The sale, which aims to transform the area into a superyacht service hub, had faced opposition over concerns about displacement of working boats and lack of consultation. flag Developer Rofe plans to create a world-class marine service facility, promising economic benefits and jobs for the local community.

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