 Also in 1990 Gibbs and Farmer invested in and worked with Craig Heatley to develop Sky TV, New Zealand's first pay television company.Gibbs sold most of his New Zealand assets in the late 1990s, retaining Gibbs Farm and an interest in Viaduct Harbour Holdings, the owner of a new waterfront precinct in downtown Auckland and a property portfolio in Wellington with Andrew Wall.Having been a member of the New Left Club at Canterbury University, Gibbs had converted to strongly-held free-market views by the late 1970s.