NZ Urban Development news from the media | 15 Sep 2020 | New $120m office building in Albany for Auckland Council a step closer


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 15 September 2020.

Provided by Rockhopper Development Advisory, a member of:                             

New $120m office building in Albany for Auckland Council a step closer

A new $120m building in Albany for the Auckland Council as anchor tenant is a step closer with the developer announcing it will raise $60m in capital to help pay for it.

Late last year small property player Asset Plus entered into a conditional agreement to develop and lease a six-level office building to the super city council, in Munroe Lane, Albany. Some 63 per cent was to be leased to Auckland Council for 15 years with two six-year rights of renewal.

Now it has announced a new plan to raise $60.2m from overseas investors and from its shareholders, as well as a new deal with its banks, to fund the development.

Communal cars planned for Auckland apartment village to prevent road congestion

A project to upgrade Greenslade Reserve will soon enter stage two works later this month following a funding boost from the Government.

The work includes the lowering of the existing sports field and the replacement of underground stormwater pipes to reduce the frequency and severity of flooding in and around the town centre.

Stage two was confirmed following a funding boost through the Government’s “shovel-ready” infrastructure projects scheme, a scheme aimed to get the economy going post-COVID-19. Auckland Council and Kāinga Ora welcome this funding for the Northcote Development project, which includes works at Greenslade Reserve.

Six-storey glass and timber building proposed in New Plymouth

Here is a first look at a six-storey ‘green’ commercial and residential development which is being proposed to replace a car park in the heart of New Plymouth.

The design, for the corner of Brougham and Powderham streets, includes rooftop solar panels to generate electricity, double glazing, and rainwater collection to reduce environmental effects.

Office space will be leased on five floors, with a three-bedroom apartment on the sixth.

Auckland monthly housing update, September 2020

September highlights:

  • 1569 dwellings were consented in July 2020.
  • In the year ending July 2020, 14,891 dwellings were consented in the region.
  • 35 per cent of new dwellings consented in July 2020 were houses, 18 per cent were apartments and 47 per cent were townhouses, flats, units, retirement village units, or other types of attached dwellings.
  • 84 dwellings were consented on Kāinga Ora or Tāmaki Regeneration Company owned land in July 2020.
  • 1499 dwellings consented in July 2020 were inside the RUB. Over the past 12 months, 94 per cent of new dwellings consented were inside the RUB.

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