NZ Urban Development news from the media | 2 March 2021 | The transformation of Auckland downtown to continue with development opportunity


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 2 March 2021.

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

The transformation of Auckland downtown to continue with development opportunity

The revitalisation of the city centre’s downtown precinct is set to continue with Panuku Development Auckland and Auckland Transport working together to find a development partner for the Downtown Car Park.

The property, on the corner of Lower Hobson Street and Customs St West, is a significant site in the city centre. Its redevelopment will continue the transformation following the work already completed by the Auckland Council group and private investment.

Following unsolicited interest last year, Auckland Council’s Finance and Performance Committee gave approval to take the property to market for redevelopment in late December 2020 with agreed urban regeneration outcomes.

Retirement village operator Summerset posts bumper $230m profit as property values jump

Retirement village operator Summerset Group has posted a bumper profit in the 2020 year of the pandemic of $230.8 million boosted by a rebound in the value of its retirement village units.

Its underlying profit, excluding property revaluations, was $98.3m, just ahead of guidance, for the year to December 31, 2020, and 7 per cent lower than the 2019 financial year.

Chief executive Julian Cook said net profit after tax, boosted by the $221m increase in the fair value of its investment property, its village units, was 32 per cent ahead of 2019.

The Housing Dashboard Jan 2021

The Government housing programme dashboard is published by Te Tūāpapa Kura Kāinga - Ministry of Housing and Urban Development, using publicly available information from various government agencies and partners. The January 2021 dashboard shows the latest facts on housing progress across the housing system.

Auckland Council monthly housing update, February 2021

February highlights:

  • 1589 dwellings were consented in December 2020.
  • In the year ending December 2020, 16,653 dwellings were consented in the region.
  • 34 per cent of new dwellings consented in December 2020 were houses, 10 per cent were apartments and 51 per cent were townhouses, flats, units, retirement village units, or other types of attached dwellings.
  • 95 dwellings were consented on Kāinga Ora or Tāmaki Regeneration Company owned land in December 2020.
  • 1498 dwellings consented in December 2020 were inside the RUB. Over the past 12 months, 94 per cent of new dwellings consented were inside the RUB.
  • 24 per cent of dwellings consented were inside the 1500m walking catchments of the rapid transport network in December 2020.
  • 830 dwellings were ‘completed’ by having a Code Compliance Certificate (CCC) issued in December 2020.
  • In the year ending December 2020, 12,040 dwellings had a CCC issued.

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