NZ Urban Development news from the media | 16 March 2021 | Auckland City centre development will add homes, commercial and retail spaces

Auckland City centre development will add homes, commercial and retail spaces

New homes and space for business will be created at the heart of Auckland’s public transport network as a key city centre site is destined to become a new mixed-use development.

Panuku Development Auckland is partnering with international property developer Malaysian Resources Corporation Berhad (MRCB) who, with experienced local development and project management company RCP, will deliver the urban regeneration of the site above City Rail Link’s Aotea Station at the corner of Mayoral Drive and Wellesley Street which is currently under construction.

The over-station development by MRCB, known provisionally as Aotea Central, will be designed to revitalise mid-town and support what will be Auckland’s busiest train station.

https://ourauckland.aucklandcouncil.govt.nz/articles/news/2021/03/city-centre-development-will-add-homes-commercial-and-retail-spaces/

Record $31 billion investment to help Auckland build back better

• New Community Connect initiative to give half-price fares for 200,000 Community Services Card holders to roll out next year
• $1.5 billion for local boards and walking and cycling initiatives to see cycleways completed through the isthmus - $600 million more than previous package
• $1.3 billion for buses and ferries to help boost public transport trips by 91 per cent - $500 million more than previous package
• First Auckland transport package to reduce overall emissions with other govt policies

The Auckland Transport Alignment Project (ATAP) 2021-31 package invests $31 billion into critical transport infrastructure and services across Auckland. ATAP largely reflects and builds upon the $28 billion 2018 package, which focused on developing a rapid transit network, walking and cycling, safety and unlocking growth.  

https://www.beehive.govt.nz/release/record-31-billion-investment-help-auckland-build-back-better

Goodman Property Trust's industrial portfolio leaps more than $500m in a year to $3.8b

The property boom is not limited to housing with giant Auckland industrial landlord Goodman Property Trust celebrating a more than half a billion dollar leap in the value of its property in a year.

The country’s largest industrial property owner has announced its portfolio has jumped 12.5 per cent, or $415 million, in the last six months after a $140m rise in the previous six months.

That takes it portfolio value to $3.8 billion. It has about 11 industrial estates, all in Auckland, and is the country’s leading warehouse and logistics space provider.

https://www.stuff.co.nz/business/124490692/goodman-property-trusts-industrial-portfolio-leaps-more-than-500m-in-a-year-to-38b