NZ Urban Development news from the media | 21 March 2023 | New Plymouth site of proposed $200m shopping complex to be sold by developer


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 21 March 2023.

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

New Plymouth site of proposed $200m shopping complex to be sold by developer

A retail developer who planned to build a massive $200 million shopping complex on the outskirts of New Plymouth, at the former Ravensdown fertiliser site, is now in the process of selling the land instead.

It is understood Bluehaven Group, which purchased the heavily contaminated Ravensdown site on the corner of Devon and Smart roads in 2017 for $9.7 million, had sold the property, but the deal had yet to be formally settled.

Industry insiders have told the Taranaki Daily News the site was reportedly sold to Australasian hardware retailer Bunnings.

$8 million made available for community housing

A local community housing provider has welcomed Nelson City Council’s move to open up the remainder of the funds in its Housing Reserve for applications.

“I’m excited to know that the housing reserve fund is formally opened,” said Nelson Tasman Housing Trust director Carrie Mozena. “We’ll be actively applying as soon and as often as we can.”

The Housing Reserve originally held $12 million dollars from the council’s sale of 142 community housing units to Kāinga Ora.

Old Howick library site set to rise again

Once a community hub, the fate of the outdated, unsafe building has been in the air for over a decade and in Eke Panuku’s sights since 2019.

Late in 2022, Eke Panuku signed off on the sale of this site to development partner Habib Enterprises Limited, led by East Tamaki-based property developer Ayesha Ashraf.

“We are thrilled to see this long-neglected site moving into a new phase of life,” says Marian Webb, General Manager of Assets and Delivery for Eke Panuku.

Previous news can be access here: 

Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

This email was sent to *|EMAIL|*
why did I get this?    unsubscribe from this list    update subscription preferences