NZ Urban Development news from the media | 18 August 2020 | Icon to deliver groundbreaking Kāinga Ora complex in central Auckland


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 18 August 2020.

Provided by Rockhopper Development Advisory, a member of:                             

Icon to deliver groundbreaking Kāinga Ora complex in central Auckland

Kāinga Ora has today announced Icon as its build partner for the innovative 276-apartment complex at 139 Greys Avenue in Central Auckland.

Providing a mix of studio, one-bedroom and two-bedroom apartments, construction will start in December and is expected to take just over two years.

Kāinga Ora Deputy Chief Executive Construction and Innovation Patrick Dougherty says the partnership with Icon will extend far beyond a typical building contract.

Fletcher Building drops annual result bombshell, flags $196m loss

Fletcher Building will make a $196 million loss due to the effect the pandemic has taken on the business, a reversal of fortunes after last year's $164m profit.

Chief executive Ross Taylor this morning updated the market ahead of Wednesday's full-year result to June 30, 2020.

He cited three factors which would reduce operating earings by $150m:

  • Half the losses are due to reduced productivities from key legacy projects "significantly disrupted" by Covid-19;
  • 20 per cent due to issues from "a handful of historically completed" projects;
  • 30 per cent due to "a prudent risk provision" across the portfolio of legacy work.

Lockerbie estate to add over 800 homes on Morrinsville farm site

A massive Waikato dairy farm which has been in operation since 1873 is about to be converted into something a bit different.

Seventy-nine hectares, of a 12,000 hectare farm on Studholme Street in Morrinsville, went up for sale in January 2018 after the Matamata-Piako District Council’s operative District Plan rezoned the farmland for future residential use.

Now a massive 860 residential urban expansion, dubbed Lockerbie Estate has sold its 11th residential home.

Auckland monthly housing update, August 2020

August highlights:

  • 1439 dwellings were consented in June 2020.
  • In the year ending June 2020, 14,776 dwellings were consented in the region.
  • 39 per cent of new dwellings consented in June 2020 were houses, 9 per cent were apartments and 52 per cent were townhouses, flats, units, retirement village units, or other types of attached dwellings.
  • 45 dwellings were consented on Kāinga Ora or Tāmaki Regeneration Company owned land in June 2020.
  • 1336 dwellings consented in June 2020 were inside the RUB. Over the past 12 months, 93 per cent of new dwellings consented were inside the RUB.

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