Auckland Council company Panuku Development Auckland has confirmed Chinese-owned Avanda Ltd as the housing developer for stage 2 of the 20ha council-owned Airfields precinct at Hobsonville Point.
Avanda and its building partners will develop over 500 homes in stage 2, of which a minimum 10% will be affordable housing. Housing will be delivered within an agreed timeframe.
Panuku chief executive Roger MacDonald said Avanda was chosen after a competitive tender process, with strong interest from 6 potential developers.
“Avanda is a significant new entrant in the property development market and they showed commitment to developing all of stage 2, rather than just individual parcels that were offered to the market.”
Avanda project manager Winson Tan said the company would deliver a range of high quality housing options. The company has started detailed design to obtain the necessary resource consents for infrastructure works.
Avanda’s ultimate holding company is Guangzhou Jinxiu Dadi Property Co Ltd.
Building at Airfields stage 1 will start over the next few months. It will have 102 standalone & terrace homes.
Image above: Airfields stage 2 at Hobsonville Point, outlined in red.
21 September 2015: Avanda launches first townhouses on Crown Lynn site
Attribution: Company release.