NZ Urban Development news from the media | 18 October 2022 | Stamford Plaza sale sets record


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 17 October 2022.

Provided by Rockhopper Development Management & Advisory, a member of:                             

Stamford Plaza sale sets record

The Stamford Plaza Auckland has sold for NZ$170 million, the largest ever single hotel asset in New Zealand history to go unconditional, according to real estate and investment management firm, JLL, which finalised the sale.

The Stamford Plaza, originally branded as The Regent, had been managed and operated by Stamford Hotels & Resorts as part of the Stamford Group for the past 27 years.

The Stamford Plaza was sold to a consortium comprising the CP Group, the biggest hotel owner in New Zealand with a global portfolio in excess of 50 assets, in association with global investment firm Alvarium Investments via its locally owned Auckland office, and Archipelago Capital.

New affordable rental homes for older people in Glen Eden

Affordable rental housing for older people living in a West Auckland suburb has received a significant boost with the opening of a purpose-built, 41-unit apartment development in the heart of Glen Eden.

Niche Community Housing Provider Haumaru Housing, which specialises in providing affordable rental housing for people aged over 65, and Kāinga Ora Homes and Communities have celebrated the opening of the six-level complex at 2 Wilson Road, located close to Glen Eden town centre.

Built by Kāinga Ora and progressed with support from the Ministry of Housing and Urban Development, the 41 one-bedroom homes have been designed by the Ministry of Architecture and Interiors to meet the specific needs of older people. All the homes are wheelchair-accessible and have heat pumps, wet area bathrooms, dedicated garaging and charging for electric mobility scooters, lift access and other features such as handrails suitable for people with mobility challenges. The complex also offers a shared common room with outdoor patio area for tenants’ socialising and is close to local shops and other public amenities. The homes are built to universal design standards, with a Homestar Seven rating anticipated.

Industry teams invited to join Auckland Light Rail

Auckland Light Rail is a step closer towards enlisting its team for the detailed planning and design of a new light rail line from the City Centre to Māngere. Invites have gone out to engineers, urban planners, designers and industry teams both across the country and abroad.

“This is a mega project that has never been seen before in New Zealand. So we have put the call out to a range of local and international firms to bring us their real skills and experience for how light rail will work best here,” says Auckland Light Rail Group Project Director Tommy Parker.

The tender process is being coordinated with the Additional Waitematā Harbour Connections project, to give industry professionals the ability to better plan their resources for the pipeline of infrastructure work that is coming across the country. The two projects will be bringing on separate teams.

Auckland Council monthly housing update, October 2022

October highlights:

  • 1882 dwellings were consented in August 2022.
  • In the year ending August 2022, 21,463 dwellings were consented in the region.
  • 22 per cent of new dwellings consented in August 2022 were houses, 18 per cent were apartments and 60 per cent were townhouses, flats, units, retirement village units, or other types of attached dwellings.
  • 64 dwellings were consented on Kāinga Ora or Tāmaki Regeneration Company owned land in August 2022.
  • 1774 of dwellings consented in August 2022 were inside the RUB. Over the past 12 months, 94 per cent of new dwellings consented were inside the RUB.
  • 25 per cent of dwellings consented were inside the 1500m walking catchments of the rapid transit network in August 2022.
  • 1320 dwellings were ‘completed’ by having a Code Compliance Certificate (CCC) issued in August 2022.
  • In the year ending August 2022, 13,021 dwellings had a CCC issued.

Previous news can be access here: 

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