NZ Urban Development news from the media | 21 Jun 2022 | Construction starting soon on the Eastern Busway from Pakuranga


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 21 June 2022.

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

Construction starting soon on the Eastern Busway from Pakuranga

In February 2022 Auckland Transport (AT) approved the design of the Eastern Busway between Pakuranga and Ti Rakau Drive Bridge. The project team is now getting ready to build the busway safely in stages, as quickly as possible and in a way that minimises disruption.

From late August this year, you can expect to see preparation work in and around Pakuranga Town Centre and along Ti Rakau Drive to Ti Rakau Drive Bridge. The team will start to prepare vacated properties to be deconstructed and will begin clearing sites.  

As with the construction, clearance work will take place in stages to ensure it is done safely and efficiently. The project team is working with suppliers and organisations to relocate buildings and reuse as much material from them as possible. All properties will be tested for asbestos before any work starts.

Eke Panuku and NZ Super Fund form landmark investment partnership

Commercial partnership makes funding available to accelerate urban regeneration in Auckland. A new investment partnership between the NZ Super Fund and Eke Panuku Development Auckland aims to accelerate and improve the regeneration of town centres in Tāmaki Makaurau.

Mayor Phil Goff says that partnering with the NZ Super Fund will give Eke Panuku access to greater funding.

“It means that Eke Panuku will be able to move faster and go further in the critical work it is doing to rejuvenate town centres across Auckland.

“There’s a huge amount of work needing to be done, but constraints in the funding council is able to make available to it in challenging financial times,” Mayor Goff said.

New York style for new Auckland build-to-rent development

A new inner-city Ockham Residential development on the Newton Gully Ridge in Auckland has opened - but none of the apartments in it are for sale.

The seven-storey red brick block is made up of 32 New York-styled loft apartments, which all have access to a rooftop residents’ lounge with a wrap-around balcony and sweeping views of the city.

Sitting on Chapman Street, just down the road from the Ponsonby and K Rd intersection, The Nix is Ockham’s 14th development.

But the apartments, which are a mix of one bedroom, one bedroom plus study, and one bedroom plus flexi-room, have all been sold to an Auckland-based build-to-rent specialist, Resident Properties, for $23.5 million.

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