March 30, 2020

NZ Urban Development news from the media | 21 January | Laidlaw College invests in Henderson

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Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 21 January 2020.

Provided by Rockhopper Development Advisory

Laidlaw College invests in Henderson

Panuku has finalised an agreement with the Laidlaw College Foundation which will see the organisation acquiring part of Auckland Council’s properties in Henderson – a deal that will be integral to the revitalisation of Henderson.

The agreement will advance Panuku’s urban regeneration programme in Henderson, boosting population and business in the town centre significantly, while enabling development around the train station and sparking further revitalisation.

Waitakere Ward Councillor Linda Cooper says the sale is expected to contribute to local economic growth while ensuring access to the council is retained at a local, community level.

https://ourauckland.aucklandcouncil.govt.nz/articles/news/2020/01/laidlaw-college-invests-in-henderson/

Housing NZ to issue $2.5 billion of bonds this year

The Government has given the Crown entity tasked with building houses the thumbs up to more than double its debt.

Kāinga Ora - Homes and Communities’ debt ceiling under its “Borrowing Protocol” was increased from $3.05 billion to $7.10b on January 1.

According to an announcement made (but not publicised) on Thursday, Finance Minister Grant Robertson and Housing Minister Megan Woods approved the change on December 19.

Kāinga Ora’s subsidiary, Housing New Zealand Limited, plans to issue around $2.5b of “Wellbeing Bonds” in the 2020 calendar year.

https://www.interest.co.nz/property/103268/government-gives-k%C4%81inga-ora-homes-and-communities-green-light-issue-more-twice-much

Hotel giant Marriott International to run planned and affordable "Moxy Queenstown"

Giant hotel operator, Marriott International, has signed up to run a planned 176-room hotel in Frankton Flats, Queenstown, targeting "fun-seeking" millennials.

The hotel will be branded Moxy Queenstown, Marriott's newest brand on 46 hotels worldwide so far. It will be the first Moxy-branded hotel in New Zealand and the third Moxy hotel in Australasia, with the brand aimed at millennials wanting affordable prices.

https://www.stuff.co.nz/business/118610376/hotel-giant-marriott-international-to-run-planned-and-affordable-moxy-queenstown

Demolition workers assemble at International Convention Centre

Mould could be one of the complexities facing Sky City as work resumes on the its fire-damaged International Convention Centre in Auckland.

About 200 workers are on the site and Fletcher Construction, the company contracted to build the centre, said work would soon begin to remove damaged material from the roof.

The $700 million centre was nearly finished when a huge blaze broke out there last October, closing off parts of the CBD and pouring out acrid smoke for several days.

https://www.stuff.co.nz/business/property/118768387/demolition-workers-assemble-at-international-convention-centre