NZ Urban Development news from the media | 28 Oct 2020 | High Court gives green light to Swedish investor to buy Metlifecare for $1.3 billion


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 28 October 2020.

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

High Court gives green light to Swedish investor to buy Metlifecare for $1.3 billion

Large retirement village operator Metlifecare is to be sold to a Swedish investor for $1.3 billion after the High Court approved a plan to do that.

Metlifecare said the High Court had decided to issue final orders approving a scheme of arrangement between Metlifecare and Asia Pacific Village Group, owned by Swedish investor, EQT Infrastructure.

Trading in Metlifecare shares on the NZX and ASX would be suspended on Friday, October 23 at the close of trading.

Community feedback strengthens Takapuna town square design

More planting, seating and the addition of bike and scooter parking are some of the changes that will be implemented in Takapuna’s town square design, following public consultation.

Over 100 submissions were received in the public consultation from 20 July to 14 August 2020, along with feedback from organisations and groups who will use and operate in the future space.

Feedback was received on various aspects of the design, including its capacity to hold events, suitability for the Takapuna Sunday Market, safety, greenery, seating, wind and shade.

A new pedestrian bridge will be lifted into place at the Constellation Bus Station on Auckland’s North Shore

The station is the busiest hub of all the stations along the Northern Busway, which is being extended from Constellation Drive to Albany as part of the Northern Corridor Improvements project.

Waka Kotahi NZ Transport Agency Senior Manager Project Delivery Andrew Thackwray says people should leave extra time if they are catching the bus during the holiday weekend.

“There will be some different platform areas at the station to catch the bus. Bus timetables and routes will stay the same and we’re aiming to minimise disruption as much as we can.”

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