NZ Urban Development news from the media | 31 October 2023 | Urban regeneration on land along the route of the Eastern Busway


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 31 October 2023.

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

Urban regeneration on land along the route of the Eastern Busway

Eke Panuku is leading a programme of urban regeneration in neighbourhoods along the route of the Eastern Busway between Pakūranga and Burswood. The Eastern Busway is a rapid transit scheme between Panmure and Botany similar to the Northern Expressway. 

 Our programme will deliver high-quality development aligned with the transport investment. The work we will do will support and stimulate the region’s economy, enable sustainable city growth, and be a major opportunity to create amazing places.

Public housing project delivers 75 new homes in Wellington

The 75-unit development on Frederick Street, Te Aro, has been purpose-built for people on the public housing register. It includes apartments specifically designed for whānau with physical disabilities and people with more complex needs. 

All homes have radiator heating and domestic hot water powered by a rooftop solar block and provided free of charge. 

The apartments are the vision of charitable organisation, the Kirva Trust, and community housing providers Emerge Aotearoa and Homes of Choice.

The build was made possible by a $55.6 million investment from Te Tūāpapa Kura Kāinga – Ministry of Housing and Urban Development (over the life of the project), and a $10 million loan from the Budget 2020 ‘shovel-ready’ infrastructure fund.

Group behind Crofton Downs development fail to stop sales

Three Auckland properties can be sold to meet guarantees given for financing for those behind a Wellington subdivision that led to a mortgagee sale, a judge says.

Parklane Infrastruct Ltd, was the owner of the land in the development known as The Terraces, on Silverstream Rd, Crofton Downs. The company is now in liquidation.

In a decision from the High Court in Napier Justice Peter Churchman said Murray and Sharron Price as trustees of the Price Karaka Trust, their son-in-law Trent Cary and Lyon Trustee No. 10 Ltd controlled Parklane.

Parklane and personal borrowing from Killarney Capital stood at about $18m at the end of September, with interest accruing at $350,000 a month, the judge said.

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