Archive | Whenuapai

Council gets $300 million infrastructure package, balance sheet-beating deal to come next

Auckland will get $300 million from the Government’s new Housing Infrastructure Fund, which will bring forward construction of 10,500 homes in north-western suburbs Whenuapai & Redhills.

Auckland mayor Phil Goff and Finance Minister Steven Joyce announced the funding package yesterday.

It will enable investment in transport, wastewater & stormwater projects which Auckland Council has earmarked as priority, fast-track initiatives.

Next up, in the next few weeks, is an announcement on overcoming the council’s balance sheet constraints.

In addition to wastewater & stormwater improvements, the $300 million will fund improvements to transport infrastructure, including an extension to Fred Taylor Drive & Northside Drive at Westgate, an update & realignment of Trig Rd, Whenuapai, and a new bridge crossing to the West Harbour ferry terminal.

Mr Goff said: “Over the last several months, I’ve met with the prime minister & other ministers to discuss the Housing Infrastructure Fund. I am pleased Auckland Council has been able to work with the Government to ensure the Government’s wider funding package for infrastructure aligns with Auckland Council’s financial constraints.”

He said Auckland’s bid for funds focused on a small number of highly development-ready areas where funding would accelerate priority projects and unlock housing growth quickly.

“Not only are we accelerating housing delivery, we are creating new centres for employment and increased accessibility across the Auckland region with improvements to Auckland’s transport system.

“Accelerating housing delivery in Auckland is a priority. I welcome the Government’s recognition of the growth challenges facing Auckland and their readiness to work with the council to address issues in our city for the benefit of all New Zealand.”

However, Mr Goff said the city would continue to need billions of dollars of extra investment to keep pace with its unprecedented growth: “Auckland has received most of what it sought from the Housing Infrastructure Fund. In the coming weeks there will be a further important announcement from the Government on new funding options for Auckland that take into account the balance sheet constraints the city faces. We have worked constructively with the Government to find innovative solutions to meet Auckland’s needs.

“The Housing Infrastructure Fund package will help significantly, but with ongoing growth and the pressing need for matching infrastructure, we will need to continue to work together to increase & bring forward investment to tackle Auckland’s housing shortage & growing congestion.”

Attribution: Council release.

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Committee progresses unitary plan changes, city centre masterplan, waterfront, Panuku programme, Onehunga project, land transport, northern corridor, Whenuapai, sites of significance

Auckland Council’s planning committee began its 6-hour meeting yesterday with input from advocates of no port extension into the Waitemata Harbour, and of relocating the freight operation.

Shortly after, the committee gave its support in principle to an inner dolphin off Queens Wharf as the preferred option for berthing large cruise ships.

The public input came from Shane Vuletich for Urban Auckland, Committee for Auckland & Stop Stealing our Harbour, with Richard Didsbury, Sir Stephen Tindall & Julie Stout.

But the bulk of the day’s meeting was about the “refresh” of the council’s overarching Auckland Plan, completed in 2012 and up for its first review.

The committee has held 4 workshops and had numerous presentations on the Auckland Plan, but also on various other planning documents since last October’s election.

The committee approved a streamlined approach rather than fullscale review with the intention of making the plan more strategic, integrated, focused on spatial issues, a smaller document and one that will be digitally accessible.

It approved a process of early targeted engagement with communities from May-June  on Auckland’s big issues and on the high level strategic direction of the refreshed Auckland Plan.

This article is a brief summary of matters the committee considered. I’ll write in more detail in a few days.

Other items considered:

Item 10, city centre masterplan delivery & implementation, 3 projects to be updated:

  • Victoria linear park & midtown east-west public transport
  • Quay St harbour edge boulevard & Hobson St flyover
  • Queen St, issue identification & project implications.

Item 11, Waterfront planning & implementation:

A targeted refresh of the waterfront plan is underway, focusing on development of Wynyard Pt and optimising the use of the central wharves. 

Item 12, Update on Panuku work programme:

The committee endorsed Avondale as an “unlock” location, where Panuku facilitates development opportunities for private sector investment in town centres.

A high level project plan will go to the committee later this year for approval.

Item 13, Onehunga high level project plan:

The committee adopted Panuku Development Auckland’s high level project plan for the transformation of the Onehunga town centre & surrounding area.

Item 14, Submission on draft national policy statement on land transport:

The committee approved the council’s submission.

Item 15, Northern corridor improvements project, political reference group & delegations:

The committee approved extending delegations so the reference group can provide direction & decisions on the council’s position during the board of inquiry hearing on east-west link project.

Item 19, Unitary plan (operative in part) – future plan changes and processing of private plan changes:

A report was presented on future council-initiated changes to the new unitary plan and the committee approved the criteria for dealing with private plan changes over the next 2 years.

Item 16, Draft Whenuapai plan change – approval & public engagement:

The committee approved a consultation process that will allow for the implementation of the Whenuapai structure plan, which the council approved last September. Public consultation will run from 10 April-14 May.

Item 17, Development of plan change to the unitary plan & Hauraki Gulf islands section of the district plan on sites of significance to mana whenua:

The committee gave approval for the council to engage with mana whenua & landowners on 270 nominated sites of significance to mana whenua as the next step to preparing a plan change. 

Item 18, Unitary plan, assessment of errors to produce the first 2 administrative plan changes:

The committee agreed to develop 2 administrative plan changes, one to correct errors, anomalies & technical details to the text & maps and the other to correct errors in the notable tree schedule.

Links – from committee agenda:
9, Auckland Plan refresh, engagement approach & proposed options

<ahref=”http://infocouncil.aucklandcouncil.govt.nz/Open/2017/03/PLA_20170328_AGN_6720_AT.htm#PDF2_ReportName_52321″ target=”_blank”>10, Auckland city centre masterplan (2012): Delivery & implementation, progress update
Addendum (item 11)
11, Waterfront planning & implementation
Mooring options
Inner dolphin section & plan views
12, Panuku work programme, update
13, Onehunga, high level project
14, Draft government policy statement on land transport, submission
15, Northern corridor improvements project, political reference group & delegations
16, Draft Whenuapai plan change, approval & public engagement
17, Development of plan change to unitary plan (operative in part) and the district plan (Hauraki Gulf islands section), sites of significance to mana whenua
18, Unitary plan (operative in part), assessment of errors to produce the first 2 administrative plan changes
19, Unitary plan (operative in part), future plan changes and processing of private plan changes
20, Summary of planning committee information memos & briefings
Attachment A, 2 March, Staff submission on the Telecommunication Act Review: post-2020 regulatory framework for fixed line services
Attachment B, 22 March, East-West Link, submission
Attachment C, 22 March, northern corridor improvements project, submission
Attachment D, 20 March, structure plans, memo to planning committee members
Attachment E, 15 February, future urban land supply strategy, refresh workshop documents
Attachment F, 1 March, city rail link, briefing documents
Attachment G, 1 March, Auckland Plan refresh, workshop 3 documents
Attachment H, 7 March, city-airport briefing documents (not included)
Attachment I, 10 March, central city waterfront, planning workshop documents
Attachment J, 15 March, Auckland Plan refresh, workshop 4 documents

Related story today:
Start with a figure you don’t know, then plan accordingly….

Attribution: Committee meeting, council staff report.

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Updated: 14 out of 23 sell at Bayleys’ Total Property auction, one since

Published 23 September 2016, updated 26 September 2016:
Bayleys had a strong performance at its Total Property auction on Wednesday, selling 14 of the 23 properties on offer, including 4 of the 5 retail outlets in the new Grange development on the southern fringe of Warkworth (pictured above).

Update: The last of those Grange units has been sold post-auction on a 5.6% yield.

Isthmus east

Onehunga

33-35 Selwyn St:
Features: 1272m² under-utilised site in 2 titles zoned town centre – Onehunga (24.5m height limit), 562m² office building, new 6-year lease plus one 6-year right of renewal, to law firm Daniel Overton & Goulding, which has been in occupation since 1973
Rent: $170,000/year net + gst, 2% fixed annual rental increases
Outcome: sold for $4.25 million at a 4.0% yield
Agents: Nigel McNeil, Meredith Graham & Tony Chaudhary

Isthmus west

Grey Lynn

8 Vinegar Lane:
Features: 103m² mixed use-zoned site with resource & building consents for 4-level building, ground-floor retail & 3 levels of residential
Outcome: no bid
Agents: Quinn Ngo James Chan

North

Mangawhai

6 Molesworth Drive:
Features: 4824m² corner site, fully tenanted 2-level 1325m² commercial building
Rent: $243,292 /year net + gst
Outcome: passed in at $3.7 million
Agents: Duncan Napier & Helen Bartrom

Warkworth

The Grange, 67 Auckland Rd, 5 retail units:
Unit 8:
Features: 62m² unit leased to Tank Juice for 10 years, one 5-year right of renewal
Rent: $35,822 /year net + gst, fixed annual 3% rental increases
Outcome: sold for $655,000 at a 5.46% yield
Agents: Matt Lee, James Chan & Jan Hutcheson

Unit 8A:
Features: 48m² unit leased to Noodle Noodle for 10 years, one 5-year right of renewal
Rent: $27,500 /year net + gst, fixed annual rental increases to CPI plus 1% & market reviews every 5 years
Outcome: sold for $475,000 at a 5.78% yield
Agents: Matt Lee, James Chan & Jan Hutcheson

Updated: Unit 10:
Features: 59m² unit leased to Kebabs on Queen for 7 years, one 5-year right of renewal
Rent: $32,450 /year net + gst, fixed annual rental increases to CPI plus 1% and to market in the fourth year of the lease
Outcome: passed in at $550,000 on vendor bid, sold post-auction for $580,000 at a 5.6% yield
Agents: Matt Lee, James Chan & Jan Hutcheson

Unit 17:
Features: Childcare centre licensed for 80 children, 390m² of indoor space, 442m² outdoor play area, new 20-year lease to Educare Group, which has 8 childcare facilities in Northland and is expanding into other parts of the North Island
Rent: $174,400 /year net + gst, fixed annual 3% rental increases, review to market after 10 years
Outcome: sold for $3.35 million at a 5.19% yield
Agents: Matt Lee, James Chan, Jan Hutcheson & Stephen Scott

Unit 21:
Features: 389m² unit, 6-year lease, one 6-year right of renewal to bulk retailer Floorwise
Rent: $100,500 /year net + gst, fixed annual rental increases to CPI plus 1%, 3-yearly market rent reviews
Outcome: sold for $1.55 million at a 6.48% yield
Agents: Matt Lee, James Chan, Jan Hutcheson & Stephen Scott

Whangarei

Onerahi, 1 Whangarei Heads Rd:
Features: 2686m² site, 480m² purpose-built brain rehabilitation facility, Bupa Care Services has renewed leased for 3 years with 2 3-year rights of renewal
Rent: $160,933 /year net + gst
Outcome: passed in at $1.6 million on vendor bid
Agent: Ross Blomfield

North-east

Albany

75 Corinthian Drive, unit C:
Features: 117m² ground-floor unit compromising 4 private offices, reception, kitchenette & bathroom, 43m² rear courtyard, 4 exclusive parking spaces, part of a commercial development adjoining the district court
Outcome: sold with vacant possession for $650,000
Agents: Jane Sims & Tonia Robertson

231 Dairy Flat Highway, in Albany Village.

231 Dairy Flat Highway, in Albany Village.

231 Dairy Flat Highway:
Features: 809m² freehold site, local centre zoning, in the centre of Albany Village, fully leased 2-level 905m² commercial building; 16 retail & office tenancies; IEP seismic assessment 99% of new building standard
Outcome: sold for $3.5 million at a 7.19% yield
Rent: $251,613 /year net + gst
Agents: Alex Strever, Dean Gilbert-Smith & Eddie Zhong

300 Dairy Flat Highway:
Features: vacant 3193m² high exposure corner site, rezoned to mixed housing suburban under the unitary plan
Outcome: no bid
Agents: Oscar Kuang & Owen Ding

Belmont

157-159 Lake Rd, Belmont.

157-159 Lake Rd, Belmont.

157-159 Lake Rd:
Features: 306m² corner site, local centre zoning, 197m² single-level retail building; anchor tenant Belmont Liquor Centre, income also from a Thai takeaway and a Spark telecommunications tower
Rent: $57,400 /year net + gst
Outcome: sold for $1.4 million at a 4.1% yield
Agents: Simon Aldridge & Michael Nees

Milford

29 Shakespeare Rd, sold at a 4.4% yield.

29 Shakespeare Rd, sold at a 4.4% yield.

29 Shakespeare Rd:
Features: 1105m² light Industry-zoned site, 664m² building; new 4-year lease to panelbeater; 330m² of undeveloped land used for parking
Rent: $90,000 /year net + gst
Outcome: sold for $2.025 million at a 4.4% yield
Agents: Simon Aldridge & Chris White

Rosedale

27-29 William Pickering Drive, unit D3:
Features: 225m² roadfront corner first-floor office unit, 6 exclusive parking spaces, new 3-year lease
Rent: $62,490 /year net + gst
Outcome: passed in on vendor bid at $850,000
Agents: Ryan Dannhauser & Gilbert-Smith

Wairau Valley

59-61 View Rd, unit 9:
Features: 162m² industrial unit, tenant Goodstore NZ Ltd occupies multiple units in the block and has recently signed a new 4-year lease
Rent: $23,000 /year net + gst
Outcome: sold for $483,000 at a 4.8% yield
Agents: James Kidd & Ashton Geissler

49 Porana Rd, units 3 & 4:
Features: 2 industrial units on one title, 128m² & 129m², over 80% warehousing, occupied on short-term leases
Rent: $41,600 /year net + gst
Outcome: passed in for $650,000
Agents: Ranjan Unka & Adam Watton

North-west

Whenuapai

8 Kawakawa Place:
Features: 1743m² on one title freehold industrial site in 14-lot Neil Group subdivision opposite Westgate Town Centre with resource consent for 4-unit development
Outcome: sold with vacant possession for $862,000 at $495/m²
Agents: Grant Miller & Laurie Bell

South

Howick

25-33 Picton St:
Features: 539m² site in the heart of Howick Village’s commercial precinct, fully leased 957m² 2-level retail & office building, 7 tenancies
Rent: $246,137 /year net + gst
Outcome: passed in at $4.9 million on vendor bid
Agents: Chris Bayley & Tony Chaudhary

116-118 Vincent St:
Features: 1618m² industrial site in 2 titles, 430m² of vacant buildings
Outcome: passed in at $1.5 million
Agents: Dave Stanley & Nick Bayley

Papakura

1 Croskery Rd:
Features: 6334m² corner site, 1442m² industrial building, 10-year head lease to a construction company from May 2011
Rent: $150,000 /year net + gst
Outcome: sold for $2.51 million at a 5.97% yield
Agents: Mike Adams & Peter Migounoff

Papatoetoe

320 & 322 Great South Rd, Papatoetoe.

320 & 322 Great South Rd, Papatoetoe.

320 & 322 Great South Rd:
Features: 1459m² site in 2 titles zoned Papatoetoe town centre (24.5m height limit) and surplus land at rear on its own 595m² title; 2-level 1040m² commercial building, 4 tenants including long-term occupants Li’l Abner Takeaways & the Village Foodmart, new 5-year lease on top floor to night club
Rent: $119,415 /year net + gst
Outcome: sold for $3.31 million at a 3.6% yield after being declared on the market at $2.5 million
Agents: Matt Lee, James Chan & Tony Chaudhary

Wiri

11 Bolderwood Place:
Features: 3087m² site, 1540m² industrial building – 1070m² warehouse with 3 gantry cranes, 140m² canopy, 320m² office, 150m² mezzanine, 660m² yard
Outcome: sold vacant for $3.235 million
Agents: Nick Bayley & Karl Price

Attribution: Auction.

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Whenuapai structure plan will be first under new land strategy

Auckland Council’s Auckland development committee approved the process today to complete a structure plan for Whenuapai in September, beating the inevitable delay if it was held over for the October elections.

The Whenuapai structure plan area.

The Whenuapai structure plan area.

It’s envisaged as a community of up to 30,000 residents, mostly on the top side of the new Upper Harbour Motorway (State Highway 18) across the top of the Waitemata Harbour, excluding Herald Island to the east, with the Hobsonville Point subdivision to the south-east in the aerial picture.

Today’s decisions included the appointment of a political reference group to approve the draft plan for public comment, but excluding a suggestion from Cllr Dick Quax that the group should have representation from organisations such as the Chamber of Commerce and Employers & Manufacturers Association to put a focus on employment opportunities.

Deputy mayor & committee chair Penny Hulse said local ward councillor Linda Cooper had chaired the NorSGA (northern strategic growth area) urban development committee at the Waitakere City Council, and employment was “what it was all about. We had business & commercial people involved and that was the entire focus, endeavouring to turn around the flow on the motorway. That’s where Westgate came from. So we just get behind Westgate & the developments in the nor-west corridor. We are way down the track at looking at employment, commercial opportunities in there.

“We’re aiming for 10,000 jobs in that area to deal with exactly this issue, so this work is well underway and the oversight group, the nor-west steering group [on the new council] is doing exactly this. That’s why we retained the investment & business district in Hobsonville, so we didn’t just let the whole thing leak into housing.”

Long time coming, now fast action

Planning manager Warren Maclennan speaking at today’s development committee meeting.

Planning manager Warren Maclennan speaking at today’s development committee meeting.

The council’s north-west planning manager, Warren Maclennan, set out a timetable showing the draft would be prepared in the next month for public consultation, submissions would be received & analysed in July, and the final plan prepared in August for adoption in September.

Cllr Hulse commented: “There is a lot of criticism out there about the council not doing things fast enough. Turning around a structure plan in 8 months is pretty impressive.”

It’s the council’s first structure plan under the future urban land supply strategy, and Mr Maclennan said the way this one was done was important because developers might want to create their own structure plans for future subdivisions.

The whole Whenuapai structure plan area covers 1300ha, and the Air Force base takes up 300ha in the middle of it. The Defence Force said the base would remain in its hands and it had no plans to close it. The plan also excludes Herald Island, which isn’t zoned future urban and doesn’t have much room for more houses anyway.

For the transport network component, Auckland Transport & the NZ Transport Agency have been involved through the council’s transport for future urban growth project.

Mr Maclennan said the most recent planning in this area had been done for a special housing area at Whenuapai which was approved. Applications for 4 others had been declined because no structure planning had been done to show how the individual bits fitted together, but eventually up to 11,000 houses would be built for a community of about 25-30,000 people.

For future urban planning, requirements to be assessed included piping, schools, land needing to be designated and social infrastructure: “We’re trying to do as much as possible as some form of package so people see the whole picture of not only what & who, but also when some of this might take place because there will be stages in it….

“This is turning greenfields into medium-density housing. We’re talking about 2 more primary schools, potential for a secondary school, a park of reasonable scale as well as some small neighbourhood ones. There’s a whole lot of neighbourhood facilities we’re starting to look at, for example the request for Plunket facilities, so we’re getting all of that information as we prepare the plan together….

“What we’re trying to do is create a great place and social infrastructure is critical to that.”

Cllr Cooper commented: “One of the things I’m keen not to do is just replicate Stonefields or Hobsonville Point, so that it does actually reflect that coastal & historical rural nature.”

Earlier stories:
7 October 2013: From strawberry fields to urban zones
6 April 2011:
Transformation projects get council endorsement, but only in principle
8 March 2010: Council says 435ha MUL shift will create 30,000 jobs
22 May 2009: Waitakere councillor takes swipe at ARC over procrastination
6 March 2009: Council approves design guidelines for Massey North & Hobsonville industrial areas
3 September 2006: Draft business land strategy endorsed, final version out soon
27 March 2005: Waitakere wants 3 MUL expansions in growth plan
2 March 2004: Residential land supply falls below minimum threshold
2 March 2004: Vacant business land capacity falls 26% in 5 years

Attribution: Council committee meeting.

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Housing catchup starts as rapid population growth continues

Auckland grew at 119 people/day in the last year, according to the latest research from Statistics NZ. That’s equal to demand for about 44 new homes/day at an occupancy rate of 2.7/household. About 43,400 people/year, 16,000 homes/year.

Construction is cyclical but has generally fallen short of demand since the immigration spike in 2003, and a Regional Growth Forum paper 5 years before that acknowledged a shortfall in land available for housing.

Nationally, consents for new homes have been above 2000/month for the last 7 months (and most likely 8 months when Statistics NZ releases the October figures on 30 November).

In the year to September, Auckland had 9251 consents for new homes, including apartments, flats, townhouses & retirement village units. The year before that, 7366.

When the elderly move into a retirement village, they generally make a larger home available; other apartment dwellers will be a mix of empty-nesters, young couples, groups of flatmates, only some of them vacating larger homes.

Demolitions aren’t counted, and Statistics NZ’s quarterly report on building work put in place records total values but not completion numbers. Completions are also cyclical – many homes consented at the top of a building cycle won’t be built, or not immediately, and a rash of apartment developments proposed in a short timeframe will usually see a few fall by the wayside.

Factors influencing both demand & supply are predictable, and are also numerous. On the demand side, emigration has slumped while immigration has spiked upward; Australia’s economy will perk up in a year or 2, though the lift from mineral exports is likely to take longer, so the turnaround in trans-Tasman migration will have a slow start, picking up over several years; low interest rates encourage borrowing and therefore home purchase, but also contribute to the rise in capital cost; Auckland’s continuing economic growth will encourage new arrivals both domestically and from overseas; the shift toward greater acceptance of public transport and the resulting growth spots will focus both residential & business growth in hotspots around the region.

On the supply side, construction will pick up in special housing areas when infrastructure is in place, and that is being co-ordinated better now than ever before – co-ordinated to a high degree for the first time in 4 decades, probably longer; the number of proposed apartment developments has lifted sharply and might not taper off the way it has in the last few upcycles because of a change to greater acceptance of intensive living; more intensive suburban growth is starting to spread and will make greater provision for families through lowrise & midrise developments.

Economic factors will contribute to changes in employment opportunities, and therefore the population makeup, income brackets and therefore housing expectations. The private sector doesn’t have a great need to look at overall employment types, but Auckland Council has started the process toward encouraging sector development, which should lead to some significant geographic & income factors changing.

The super-city council began in 2010 with aspirations to lift poorer, and very Polynesian, South Auckland suburbs economically through the Southern Initiative. That programme has faltered but needs to be prioritised to meet higher educational demands, which will also lead to changes in housing demands.

Many see that as taking the council outside its core domain and into the central government realms of education & encouragement of business.

A feature of the super-city through the Auckland Plan, endorsed in 2012, is that it encompasses these wider issues because they affect the makeup of the city. A swathe of poor suburbs, staying poor while others prosper, guarantees future turmoil. A proactive council will lift aspirations & performance.

Meanwhile the common complaint is that the council isn’t providing the services its predecessors used to, to the same standard the predecessors used to. On my scoresheet, many issues get recognised & resolved, numerous issues don’t get resolved because of structural changes within the council or the budget has been taken away. Overall, the big issues are starting to be dealt with, at huge cost which predecessors preferred to defer or meet only partially because inadequacies in infrastructure such as sewers didn’t attract determined attention as they couldn’t be seen. And some niggly little local issues still fester.

The council has brought in many new executives with the skills to lead these changes; the next challenge is to introduce political skills to match the requirement for better decision-making. That’s not easy. Politicians need to keep an ear to the ground and can’t shift too far from their political base, while also leading rather being led by the nose.

Special housing areas

The council issued notice today of its approval of variation 11 to the proposed unitary plan for a special housing area at Whenuapai & accompanying resource consent, rezoning 16.8ha from future urban to the mixed housing suburban & local centre zones.

The qualifying development will provide for 51 residential sections (50 new, one around an existing house) & 10 superlots, along with establishing onsite infrastructure.

Last week, commissioners heard the application for private plan variation 8 to rezone 200ha at Flat Bush under the housing accord provisions.

It has 3 applicants for resource consent for qualifying developments – Hugh Green Ltd (now with the late Mr Green’s daughter, Maryanne Green, in charge), Murphys Development Ltd (Brian Hong Biao Chen, Andrew Guest & Dan Xiao) & Eastfield NZ Ltd (Lin Zi).

And today, the hearing begins for another group of plan variations & resource consents, this time covering about 240ha on the Hingaia Peninsula.

The applicants for proposed unitary plan variations 1, 5 & 7 are Karaka Brookview Ltd (Mark O’Brien and Frank, Juliet & Richard Reynolds), Hayfield SHA Ltd (Nigel Hosken & Juliet Reynolds) & Gar-Gar Ltd (Jamshed & Nilaofer Behram Meher-Homji), and KARLA (Karaka Area 1B Residents & Landowners Association) & Karaka Harbourside Estate Ltd (Ian & Jim Ross).

The Rosses have been trying unsuccessfully to get development consent for 10 years. Although some parts of their proposal and those of the Reynolds interests are disputed by council planners & engineers, early approval is conceivable.

The Rosses said that if they got consent before February they could have earthworks underway at the end of next year.

The special housing process is speeding up the ability to build, but considerations such as earthworks seasons will vary the development timeframe. Nevertheless, special housing areas are coming onstream and will add thousands of sections for development in the next couple of years.

That will be followed by changed rules for development throughout Auckland once the unitary plan is approved next year (appeals may hold up parts of it), enabling more intensive brownfields development and also setting parameters for adding more land zoned & ready for development.

Thus the bleak picture of supply failing to meet demand for most of 2 decades will be improved in large lumps, though still with a shortfall to overcome.

Attribution: Council consent documents, Statistics NZ.

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Whenuapai special housing area first to get rezoning & consent

The first special housing area in Auckland to get consent for development is a 31.4ha site at Whenuapai, where commissioners have approved rezoning from future urban under the proposed unitary plan to mixed housing urban, and the development of 168 residential lots plus 14 “super” lots.

The site forms about 60% of the Whenuapai Village special housing area announced in May 2014. The plan change for it introduced the Whenuapai 1 precinct to the proposed unitary plan, varying a number of elements of the precinct plan from the underlying mixed housing urban zone.

The land is outside the metropolitan urban boundary, with a zoning of countryside living under the operative Waitakere district plan, which most likely would have prevented this development. Under the proposed unitary plan, it would fall within the rural:urban boundary, and would have duly been zoned future urban without the accelerated process of the council-government housing accord signed in 2013.

The site will be developed by Oyster Capital Ltd (David Wilson) as the first 4 of a total 8 stages. The land is at 143-149 Totara Rd, 32 & 36 Brigham Creek Rd & 4-8 Dale Rd, Whenuapai. Whenuapai Village and the RNZAF Whenuapai Base are east of it.

Links: Hearing report
Oyster Capital

Attribution: Commission decision.

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Propbd on Q W25Feb15 – Downtown deal, Precinct result, rights issue, apartment sales, Metlifecare & Summerset up, panel talks flexibility, ex-MUL rezoning

Downtown deal struck
Precinct ebit up but npat down
Precinct 1:7 rights issue
3 apartments sell at Bayleys
Metlifecare lifts profits
Summerset grows assets & returns
Scentre to sell the other 4 NZ malls
Unitary plan panel talks flexibility
First special housing area gets rezoning & consent

2.45pm:
As the days merge….

One of those days when my report on yesterday’s news – not quite finished this morning – was interrupted by a call about the city rail link & Precinct Properties. That entailed a rapid drive to town and my arrival inevitably at the end of a briefing.

Since then I’ve been out & about, through a couple of auction rooms and nearly completed the bundle of stories lining up for the newsletter. In the meantime, Propbd on Q looks the best option to keep at least some of you informed on a wide range of stories….

Downtown deal struck

The Downtown land deal has been struck conditionally between Auckland Council & Precinct Properties NZ Ltd, enabling a start on the city rail link tunnel mid-year so it’s constructed at the same time as Precinct builds its office tower.

Precinct ebit up but npat down

Precinct also announced its half-year result this morning – net operating income up $3.3 million to $35.3 million (up from 3.1c to 3.33c/share), but net profit after tax down $9.9 million to $31.6 million. The company went from an unrealised interest rate swaps gain of $10.6 million in 2013 to a loss of $5.3 million for the latest period, and from a deferred tax expense of $3.1 million to a benefit of $1.4 million.

Precinct 1:7 rights issue

Precinct Properties also announced this morning that it would raise $174.1 million through a 1:7 accelerated entitlement offer at $1.15/new share. The offer will be underwritten (excluding management company Haumi Co Ltd’s share).

The institutional offer will be held over the next 2 days, with settlement & allotment on Wednesday 4 March. The retail offer to eligible shareholders will open on Monday 2 March and close on Wednesday 18 March.

3 apartments sell at Bayleys

3 of the 8 cbd apartments taken to auction at Bayleys today were sold under the hammer. Auction results:

Waldorf Celestion, 19 Anzac Avenue, unit 204, sold for $375,000, sales agents Cheryl Regan & Harry Cheng
Carlisle, 7 Emily Place, unit 31, sold for $805,000, Diane Jackson & Julie Prince
Scene 3, 30 Beach Rd, unit 906, leasehold, no bid, James Mairs & Aled Luffman
Quest on Eden, 7 Eden Crescent, unit 301, sold for $415,000, Dave Hamlyn
Avenue 105, 105 Anzac Avenue, unit 1D, passed in at $315,000, Diane Jackson & Julie Prince
Spencer on Byron 9-17 Byron Avenue, unit 1703, passed in at $90,000, James Mairs & Aled Luffman
Heritage Farmers, 35 Hobson St, unit 436, passed in at $350,000, Dave Hamlyn
Spencer on Byron 9-17 Byron Avenue, unit 1906, passed in at $100,000, James Mairs & Aled Luffman
Forte, 37 Symonds St, unit 101, auction postponed until Wednesday 4 March, James Mairs & Aled Luffman

Metlifecare lifts profits

Retirement village owner, developer & operator Metlifecare Ltd Lifted net profit after tax by 48% to $39.7 million for the December half, and underlying profit by 70% to $26 million. The 29 sales & 202 resales generated gross cashflows of $89.1 million, up 28%. Gross cashflows from new sales doubled to $16.1 million, and realised resale gains rose 64% to $14.1 million.

Summerset grows assets & returns

Retirement village owner, developer & operator Summerset Group Holdings Ltd lifted its assets by 23% to $1 billion in 2014, and grew the returns on its portfolio substantially.

It lifted net operating cashflow by 25% to $$110.4 million, net profit after tax by 58% to $54.2 million and underlying profit by 10% to $24.4 million. Sales of occupation rights rose 14%, and the company increased delivery of retirement units by 25% to 261 units.

Scentre to sell the other 4 NZ malls

Australasian mall owner Scentre Group has begun the process of selling the 4 New Zealand shopping centres it hadn’t already sold 49% of [correction: the sentence originally read 51%, which is the proportion Scentre kept, and also said Scentre was selling 5 malls now, when it’s selling 4].

Scentre sold 49% of the other 5 centres to Singapore’s sovereign wealth fund, GIC, in November. That sale’s due to settle by the end of March, giving Scentre proceeds of $1.036 billion.

The $2 billion New Zealand portfolio lifted specialty store sales by 2.3% to $8765/m² in 2014 ($8542) after 0.1% & 0.4% rises in the previous 2 years. Speciality store rental growth also picked up rises of 0.6% & 0.4% in the previous 2 years, rising by 1% in 2014 to $1139/m² ($1128).

By comparison, the Australian portfolio’s performance was much stronger. Australian sales rose 3.6% and rent 2.4% last year.

Unitary plan panel talks flexibility

The independent panel hearing submissions on the Auckland unitary plan has told submitters the council’s proposed provisions for the new rural:urban boundary “may be overly stringent” and that a more flexible boundary would be better.

The panel made its comment in interim guidance released on Monday on the section of the plan on urban growth.

The panel’s interim guidance message, issued a short time before the urban growth one, said the unitary plan should provide for rural lifestyle subdivision: “It may be discouraged or constrained, but should not be effectively prevented.”

Along with those 2 strong hints at more flexibility when the panel makes its recommendation to the council next year, the panel stated as its first point that the objective of a quality compact urban city was appropriate for a region expecting strong population growth to continue.

The panel decided to issue interim guidance on regional policy statement topics ahead of hearings on the regional & district plans.

Earlier story:
22 February 2015: Unitary plan panel to give interim guidance next month

Links: Panel minute
Interim guidance, urban growth
Interim guidance, rural

First special housing area gets rezoning & consent

The first special housing area in Auckland to get consent for development is a 31.4ha site at Whenuapai, where commissioners have approved rezoning from future urban under the proposed unitary plan to mixed housing urban, and the development of 168 residential lots plus 14 “super” lots.

The land is outside the metropolitan urban boundary, with a zoning of countryside living under the operative Waitakere district plan, which most likely would have prevented this development. Under the proposed unitary plan, it would fall within the rural:urban boundary, and would have been zoned future urban without the accelerated process of the council-government housing accord signed in 2013.

The site will be developed by Oyster Capital Ltd (David Wilson) as the first 4 of a total 8 stages. The land is at 143-149 Totara Rd, 32 & 36 Brigham Creek Rd & 4-8 Dale Rd, Whenuapai. Whenuapai Village and the RNZAF Whenuapai Base are east of it.

Links: Hearing report
Oyster Capital

Attribution: Company release, unitary plan panel guidance, rail link discussions, commissioners’ decision.

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Independent commissioners to hear Whenuapai plan change

Published 15 June 2008

Waitakere City Council said this week it would use independent commissioners to hear submissions on plan change 22, intended to reserve the Whenuapai Airbase area for aviation uses only.The council has pushed to have Whenuapai retained as a civilian airport after the Air Force moves out.

 

Planning & regulatory committee chairman Vanessa Neeson said councillors normally conducted the council’s hearings, but the Whenuapai plan change would affect North Shore & Rodney as well.

 

“There has been a lot of strong feeling both for & against the proposed airport and I believe it is essential to do everything we can to reassure the public that the process is objective, transparent & without bias," Cllr Neeson said.She expected the hearings to be conducted towards the end of the year.

 

Website: Plan change 22

 

Want to comment? Email [email protected].

 

Attribution: Council release, story written by Bob Dey for this website.

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Waitakere gets 2655 submissions on Whenuapai plan change

Published 11 May 2007

Waitakere City Council has received 2655 submissions to its proposed plan change 22 to create a special airport area at Whenuapai. Submitters have until Friday 1 June to make further submissions based on submissions already made.

 

The council’s spokesman on the Whenuapai issue, Cllr Penny Hulse, said 82 submitters supported the proposal and 2571 were opposed, of which 2000 were pro forma.

 

She said the council still had to decide whether to consider the submissions itself or appoint a commissioner. The hearings will not be heard until later this year or early next.

 

“Even if we appoint a commissioner or commissioners to conduct the hearings, the council must still make the final decision. The Resource Management Act specifically prohibits commissioners from making decisions on district plan changes.

 

“Probably the most important thing to emphasise at this time is that the proposed plan change does not bring an airport into being.

 

“If the Air Force was to leave, the land would revert to the underlying zoning and an application for an airport would be a non-complying activity and probably quite difficult to obtain. So all the proposed plan change does is establish that this is an area where an airport could be operated. We may never have that airport, but the plan change keeps the option open.”

 

Cllr Hulse said if there was ever a firm proposal to establish a civilian airport, it would have to go through the full resource consent process, giving opponents every opportunity to state their opposition.

 

Want to comment? Click on The new BD Central Forum or email [email protected].

 

Attribution: Council release, story written by Bob Dey for this website.

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Neighbours support Waitakere campaign for Whenuapai airport

Published 29 October 2006


Waitakere City Council said on Friday: “It’s full steam ahead for a joint military/civilian airport at Whenuapai.”



The Waitakere announcement followed votes by the Rodney District & North Shore City Councils to join it in forming an airport company with international airport operator Infratil Ltd to progress the proposal.The Government has announced that the RNZAF will move its operation from Whenuapai to Ohakea within the next 10 years. The new North West Airport Co Ltd will push for joint civilian & military use of Whenuapai in the short to medium term, enabling domestic flights & travel to & from Australia & the Pacific Islands.Waitakere mayor Bob Harvey said: “Whenuapai is already a fully functioning airport with hundreds of military flights every year. But it is under-utilised. There are many examples here in New Zealand & overseas where military operations run side by side with commercial flights, and forming this airport company means this option can be fully explored.”As well as economic benefits for the north-west of the Auckland region, Mr Harvey said commercial flights at Whenuapai would bring airline competition & cheaper travel. With 500,000 people living within 15km of Whenuapai, it was much more convenient for thousands of travellers, he said.”And with the Auckland Region promoting itself as a ‘world-class’ city, it’s a little ironic that it is the only such city to have just one airport.”


Earlier stories:


24 October 2006: 3 councils consider 25-30% no-risk split in Whenuapai airport company


4 June 2006: Council launches Whenuapai Airport plan change


23 June 2004: Growth forum supports Whenuapai as airport


25 February 2004: Growth forum tells minister at last it wants a role in setting Whenuapai’s future


11 December 2003: Politicians in a tizz over Whenuapai


28 August 2003: Council report says Whenuapai closure would cost $235 million/year


 


Want to comment? Click on The new BD Central Forum or email [email protected].


 


Attribution: Waitakere council release, story written by Bob Dey for this website.

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