NZ Urban Development news from the media | 30 July | 21sqm apartments being built in South Auckland


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 30 August 2019.

Provided by Rockhopper

21sqm apartments being built in South Auckland

Developer DuVal is building 91 tiny studios within its new 14-storey Lakewood Plaza building in Manukau and selling them as half of a "twin-key" set-up, where two apartments are part of one title and connected through a door.

Wellington Council partnership with developer puts 500 affordable apartments in the pipeline

The council has officially signed a 15-year lease agreement for 195 Willis St as part of The Wellington Company's social impact initiative, Te Kainga, which aims to provide hundreds of affordable rental apartments for CBD workers.

The pilot partnership, announced in September 2018, is understood to be the first model of its kind in the country.

Wellington City Council's lease with The Wellington Company, signed on Monday, will see WCC's City Housing managing the property's tenancies for the next 15 years, separately from their social housing responsibilities.

Augusta Capital is hoping to start development of Warkworth land for residential subdivision

A new fund to be set up and managed by property company Augusta Capital is hoping to start its first residential land development project in Warkworth, north of Auckland, with the potential for 800 homes.

Augusta, listed on the New Zealand sharemarket, is undertaking due diligence on the purchase by the new fund of 40 hectares of former farm land near Warkworth for housing development.

Managing director Mark Francis said the development would create "super lots" to be sold to large housing companies for housing developments. Each super lot might take about 100 houses.

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