December 1, 2020

NZ Urban Development news from the media | 1 Dec 2020 | Auckland could get a new skyscraper as developer looks to ink $46 million deal

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Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 1 December 2020.

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

Auckland could get a new skyscraper as developer looks to ink $46 million deal

A leading urban developer is in the final stages of securing a $46 million deal to erect a possible skyscraper in the heart of Auckland city.

Malaysian Resources Corporation Berhad (MRCB) is behind Kuala Lumpur’s high-rise business district and transport hub.

The planned site sits above the under-construction Aotea station, which is part of the $4.4 billion City Rail Link project due for completion in 2024.

It is located on 4-10 Mayoral Drive and 32-42 Wellesley St West, and consists of 17,000 square metres of retail accommodation.

https://www.stuff.co.nz/business/property/300167678/auckland-could-get-a-new-skyscraper-as-developer-looks-to-ink-46-million-deal

$60m for PWC Centre in Christchurch's second-largest office building sale ever

An equity investment company has paid $60 million for the PWC Centre, the second-largest office building transaction ever seen in Christchurch, according the broker, Savills New Zealand.

The PWC Centre at 60 Cashel Street opposite the Bridge of Remembrance in central Christchurch, was sold to Maat Consulting Limited by Singapore-owned Grand Central (NZ) Limited, with the sale price representing a yield of 5.6 per cent.

https://www.stuff.co.nz/business/property/300165418/60m-for-pwc-centre-in-christchurchs-secondlargest-office-building-sale-ever

Panuku releases its annual report

Panuku Development has today released its latest annual report.

The report covers Panuku's performance for the period 1 July 2019 to 30 June 2020. The city of Auckland is facing rapid growth. Quality development is required to accommodate this growth, and to ensure people love and can afford to live in Tāmaki Makaurau.

Panuku Development’s CEO David Rankin says, “Despite challenges, we’re proud to have made good progress this financial year. COVID-19 has shown us that neighbourhood resilience is more important than ever.

"As Auckland’s urban regeneration specialists, we’re now even more determined to shape spaces that Aucklander’s not only love, but that also make us stronger and more resilient in times of crisis.”

https://ourauckland.aucklandcouncil.govt.nz/articles/news/2020/11/panuku-development-releases-20192020-annual-report/

Government housing dashboard updated – October 2020

The October 2020 update to the Housing Dashboard is now available that shows the progress of key parts of the Government’s housing programme.

The purpose of the dashboard is to demonstrate what people are experiencing by tracking how many families have bought their first home, how many households are in public housing, and how many new homes are being built.

The dashboard shows the results being achieved in housing and will be updated and produced monthly. The dashboard tracks aspects of the current housing situation, the government outputs in response, and the results of those.

https://www.hud.govt.nz/assets/News-and-Resources/Statistics-and-Research/Housing-Dashboard-2020/HOUSING-DASHBOARD-October-2020.pdf

Government housing dashboard updated – October 2020

https://www.hud.govt.nz/assets/News-and-Resources/Statistics-and-Research/Housing-Dashboard-2020/HOUSING-DASHBOARD-October-2020.pdf