Archive | Scentre

Scentre lifts returns from tighter portfolio

Westfield mall portfolio owner Scentre Group has trimmed its holdings to 39 shopping centres – 34 in Australia and 5 in New Zealand – with the sale of WestCity, the last of 9 that didn’t meet stricter new quality parameters.

Chief executive Peter Allen said when the company reported its annual results in Sydney yesterday its ownership interests totalled $A32.3 billion and it managed a portfolio totalling $A45.7 billion.

Total annual sales were steady at $A22.3 billion in 2014 & 2015, but rose to $A22.7 billion last year. Mr Allen said same-store sales for specialties rose 3.5% in 2014, 5.5% in 2015, but growth slipped to 2.6% last year. However, net property income returns continued to rise – 2.2% growth in 2014, 2.6% in 2015, 2.9% last year.

“Scentre Group’s leases are structured to provide predictable & sustainable income growth,” he said. “For 2016, 99% of the rental income from the group’s portfolio was derived from contracted base rents and the remaining 1% of rental income was directly related to retailer sales.

“In addition, the scale of the group’s portfolio provides a diversified revenue base that significantly reduces the exposure to any single shopping centre or retailer. As at 31 December 2016, the highest valued retail shopping centre represented 14% of total asset value, and the 10 highest valued retail shopping centres represented 55%. For the year ended 31 December 2016, no single anchor retailer contributed more than 3% of rental income, and no specialty store retailer contributed more than 2%.”

At 31 December, Scentre held a 51% interest in its remaining 5 New Zealand malls, and GIC of Singapore 49%.

The figures below are the book value in $NZ, retail cap rate, total annual sales/m², lettable area and number of tenants:

Albany, $288.2 million, 6.00%, $401.8 million, $13,480/m², 53,300m², 146
Manukau, $186.1 million, 7.00%, $278.1 million, $11,555/m², 45,400m², 196
Newmarket, $141.8 million, 6.63%, $148.3 million, $12.476/m², 31,600m², 112
Riccarton, $292.7 million, 6.75%, $536.5 million, $14,734/m², 55,700m², 197
St Lukes, $255.0 million, 6.50%, $347.8 million, $13,277/m², 39,900m², 180

On the overall performance for the year, Mr Allen said funds from operations rose 3.2% to $A1.238 billion (A23.2c/security). Excluding the impact of transactions, funds from operations growth would have been about 5%. Distribution was up 2% to A21.3c.

Scentre has begun $A605 million of new developments, and has work at 3 New Zealand centres – Albany, Newmarket & St Lukes – in its development pipeline.

“Our long-term strategy is to own the highest quality shopping centre portfolio in Australia & New Zealand. We have now completed the divestment of 9 shopping centres that did not meet this objective, which has refined our portfolio to meet the dynamic needs of both retailers & consumers.”

Net profit of $A2.991 billion included $A1.6 billion of revaluations: “These revaluations reflect the strong net operating income growth throughout the portfolio, the value creation from the completion of major redevelopments and the continued improvement in capitalisation rates.

“Scentre Group has a strong financial position with total assets of $A34.1 billion, gearing of 33.3% and liquidity of $A2.8 billion as at 31 December 2016.”

Link:
Scentre Group

Related story today: Colliers to manage WestCity for new Adelaide owners

Attribution: Company release.

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Colliers to manage WestCity for new Adelaide owners

The Adelaide-based Angaet Property Group, which bought the WestCity mall at Henderson from the Scentre Group at a steep discount to target price at the end of last year, has appointed Colliers to manage the centre.

Angaet is owned by the DiMauro family, headed by Nick DiMauro & his son Michael, who have built up a portfolio of 25 shopping centres around Australia.

Angaet paid $A147 million for WestCity, over 20% short of the $A175 million price tag quoted by the Australian Financial Review when the property went back on the market last September. However, that price is just short of the book value ($NZ161.5 million/$A150.6 million) ascribed to WestCity in Scentre’s annual report out yesterday. The Scentre report put WestCity’s cap rate at 8.38%.

WestCity has a net lettable area of 36,108m² on a 5ha site, is anchored by Countdown, Farmers, The Warehouse & Event Cinemas, and has 130 specialty stores & 1492 parking spaces.

The sale was reported in Australia on 1 December, when it was subject to Overseas Investment Office approval, but Scentre said nothing about it until it was mentioned in passing in the group’s annual results release yesterday.

Colliers quoted Nick DiMauro yesterday: “I believe WestCity is a vibrant shopping centre, and the many infrastructure projects around the Henderson area in the near future will enhance the centre’s prominent position.

“We look forward to working with Colliers International to provide the best possible shopping experience for the residents of Henderson & its surrounding communities.”

Colliers will take over management of the centre from settlement.

6 of the 40 malls on Scentre’s books last year were in New Zealand, and WestCity was the last still wholly owned by the company after it sold 49% of 5 of them – Albany, Manukau, Newmarket, Riccarton & St Lukes – to Singapore’s sovereign wealth fund, GIC, at the end of 2014.

Scentre put WestCity & the other 3 New Zealand centres on the market in 2015 and sold 3 at the end of that year – Glenfield to Ladstone Holdings Ltd, Queensgate in Lower Hutt & Chartwell in Hamilton to the Diversified fund managed by Stride Property Ltd – for a combined $549 million.

Attribution: Company & agency releases.

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WestCity back on market

Westfield shopping mall owner Scentre Group Ltd has put WestCity in Henderson back on the market, this time through Auckland agency Whillans Realty Ltd & Sydney agency McVay Real Estate Australia.

Whillans hasn’t opened a public campaign yet, but provided the images to support McVay’s Sydney campaign.

6 of Scentre’s 40 malls are in New Zealand, and WestCity is the last still wholly owned by the company after it sold 49% of 5 of them – Albany, Manukau, Newmarket, Riccarton & St Lukes – to Singapore’s sovereign wealth fund, GIC, at the end of 2014.

Scentre put WestCity & the other 3 New Zealand centres on the market last year and sold 3 in November – Glenfield to Ladstone Holdings Ltd, Queensgate in Lower Hutt & Chartwell in Hamilton to the Diversified fund managed by Stride Property Ltd – for a combined $549 million.

According to the Australian Financial Review yesterday, McVay is looking at an $A175 million price tag for WestCity, which sits on 5ha across the rail tracks from the former Waitakere City Council chambers. The mall has 3 anchor tenants, cinemas & 130 specialty stores in a net lettable area of 36,144m², and 1492 parking spaces.

Agency director Sam McVay said intensification of the surrounding area would underpin growth, but loosening of development limits under the new unitary plan meant the mall itself could be further developed to 18 levels of apartments.

Earlier stories:
24 February 2016: Lowy says first results vindicate Scentre restructure
27 November 2015: Scentre sells 3 malls to locals, one to go
25 February 2015: Scentre to sell the other 4 NZ malls
7 November 2014: GIC buys into 5 NZ Westfield malls

Attribution: McVay, Australian Financial Review.

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Stride-managed trust settles 2 Westfield deals

The Diversified NZ Property Trust, a wholesale investment entity managed by Stride Property Group, settled its purchase of 2 Westfield shopping centres from Scentre Group as scheduled on Monday.

The trust has bought Queensgate in Lower Hutt & Chartwell in Hamilton for $445 million.

Ownership has been transferred to Diversified’s trustee, Equity Trustees Ltd, and management to Stride Investment Management Ltd under an initial 10-year management contract.

Stride said when the Overseas Investment Office approved the deal on 1 August that new-look branding would be unveiled at each centre on settlement day, but that hasn’t happened yet, apart from dropping the Westfield name.

Attribution: Company release.

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Propbd on Q W3Dec15 – Auctions: NAI Harcourts, Bayleys commercial & apartments, Barfoots, Knight Frank; Metlifecare village, WestCity on market

All 4 sell at NAI Harcourts auction
20 sell out of 34 offered at Bayleys auction
One apartment sells at Bayleys auction
6 of 27 “intensive living” homes sell at Barfoots auction
Parnell Rd sale
Metlifecare goes unconditional on Albany site
WestCity mall on market

10am:
All 4 sell at NAI Harcourts auction

All 4 commercial properties auction at NAI Harcourts in Takapuna yesterday were sold under the hammer – one, in Milford, on a 3.6% yield. Auction results:

Albany, 14 Airborne Rd, unit 28, sold for $671,000 at a 5.07% yield, Dave Lane
Wairau Valley, 249 Archers Rd, sold for $1.6 million, Marty van Barneveld
Milford, 83-85 Kitchener Rd, sold for $1.752 million at a 3.6% yield, Andrew Bruce & Rob Meister
Takapuna, 475 Lake Rd, sold for $900,000, Edward & Nicolas Ching

20 sell out of 34 offered at Bayleys auction

Bayleys finished its Total Property auction series for the year with 20 sales from 34 properties offered. Another 11 were withdrawn from the auction. Auction results:

Avondale, 1977 Great North Rd, sold for $530,000 at a 4.98% yield, Mike Adams & James Appleby
Eden Terrace, 33 Randolph St, passed in at $1.8 million, Damien Bullick & Alan Haydock
Lister Building, 9B Victoria St East, shop, sold for $820,000 at a 5.85% yield, Quinn Ngo & Owen Ding
Grey Lynn, 8 Newton Rd, sold for $1.6 million, Cameron Melhuish & Andrew Wallace
Pt Chevalier, 1104 Great North Rd, sold for $1.05 million, Quinn Ngo & Matt Lee
Epsom, 89B Great South Rd, sold for $675,000, Oscar Kuang & James Chan
East Tamaki, 5A Nandina Avenue, sold for $1.5 million, Dave Stanley & Mike Marinkovich
Albany, 49A William Pickering Drive, sold for $2.265 million, Ashton Geissler & Ranjan Unka
Warkworth, The Grange, State Highway 1, unit PU4, The Coffee Club, sold for $1.55 million, James Chan & Steve Orr
The Grange, unit PU2, Bottle-O, sold for $1.16 million, Quinn Ngo & Steve Orr
The Grange, unit PU3A, Indian restaurant, passed in at $600,000, Matt Lee & Steve Orr
Grey Lynn, 116-120 Surrey Crescent, sold for $4.155 million, Mark Pittaway & James Chan
Manurewa, 165 Great South Rd, sold for $1.55 million, Tony Chaudhary & Piyush Kumar
New Lynn, 76 Delta Avenue, passed in, Grant Miller & Peter Turner
Raglan, 2 Main Rd, passed in, Tony Chaudhary & Janak Darji
Mangere, 17 Airpark Drive, unit 7, sold for $870,000, Nick Bayley & Dave Stanley
Sunnynook, 318 East Coast Rd, passed in, Tony Chaudhary & Ranjan Unka
Eden Terrace, 74D France St, passed in, Ben Wallace & Matt Gordon
Te Atatu Peninsula, 29 Neil Avenue, sold for $880,000, Tony Chaudhary & Mike Adams
Highland Park, 168 Aviemore Drive, unit G, sold for $1 million, Geoff Wyatt & Nick Bayley
East Tamaki, 2 Kerwyn Avenue, unit C, sold for $1.7 million, Tony Chaudhary & John Bolton
Kerikeri, 60 Kerikeri Rd, unit G06, no bid, Michael Nees & Brian Caldwell
Penrose, 35 Maurice Rd, unit I, withdrawn from auction, Tony Bayley
Otahuhu, 24 Atkinson Avenue, sold for $985,000, Piyush Kumar & Shane Snijder
Princes Wharf, 137 Quay St, shed 19, unit 2, sold for $1.15 million at mortgagee sale, Tony Bayley
Birkenhead, 65-67 Birkenhead Avenue, passed in at $2.6 million, Damian Stephen & Adam Curtis
Henderson, 103 Lincoln Rd, sold for $1 million, Tony Chaudhary & James Appleby
Albany, 52 Oteha Valley Rd, unit M, sold for $2.05 million, Adam Curtis & Adam Watton
Wairau Valley, 20 Link Drive, unit MM, no bid, Adam Watton & Michael Block
Grey Lynn, 564 Great North Rd, passed in, vendor bid of $600,000, Simon Aldridge & Michael Nees
Albany, 18 Triton Drive, unit H1, passed in, vendor bid of $900,000, Terry Kim & Damian Stephen
Albany, 8 Arrenway Drive, no bid, Matt Mimmack & Laurie Burt
Howick, 10 Wellington St, unit 8, sold for $470,000, Quinn Ngo & Geoff Wyatt
Howick, 219 More St, unit E, passed in at $1.15 million, Millie Liang & Tony Chaudhary
Howick, 219 Moore St, unit A, passed in at $1.135 million, Millie Liang & Tony Chaudhary
Howick 219 Moore St, units B, C & D, withdrawn from auction, Millie Liang & Tony Chaudhary
Waiuku, 18 Martyn St, withdrawn from auction, Tonia Robertson & Tony Chaudhary
Albany, 36 Tarndale Grove, withdrawn from auction, Matt Mimmack & Ashton Geissler
Henderson, 192 Universal Drive, unit A6, withdrawn from auction, Alan Haydock & Cameron Melhuish
8 Quay St, unit 1, withdrawn from auction, Owen Ding & Quinn Ngo
East Tamaki, 171 Harris Rd, withdrawn from auction, Jamsheed Sidhwa & Luke Carran
Ellerslie, 38 Eaglehurst Rd, unit 9, withdrawn from auction, Dave Stanley & James Valintine
Mt Eden, 718 Dominion Rd, withdrawn from auction, Oscar Kuang & James Chan

One apartment sells at Bayleys auction

One apartment was sold and one passed in, no bid, at Bayleys’ residential auction yesterday. Auction results:

Hobson Lofts, 203 Hobson St, unit 2, sold for $580,000, Diane Jackson & Julie Prince
Quay West, 8 Albert St, unit 1004, no bid, Diane Jackson & Julie Prince

6 of 27 “intensive living” homes sell at Barfoots auction

6 of the 27 “intensive living” homes auctioned (apartments, suburban units, townhouses & cross-leased properties) at Barfoot & Thompson yesterday were sold under the hammer or shortly after. Auction results:

Meadowbank, 83 St Johns Rd, unit 2, cross-lease, sold for $960,000, Margot Torrance
Quay West, 8 Albert St, unit 3104, no bid, Belinda Illingworth
Onehunga, 116 Grey St, cross-lease, passed in at $880,000, Nicholas Lyus & Julia Nah
Remuera, 19 Mahoe Avenue, unit 1, cross-lease, passed in at $1 million, Alex Baker
Orakei, 47 Rukutai St, cross-lease, sold for $1.085 million, Stanley Armon
Huntington Park, 74 Huntington Drive, unit 23, sold for $721,000, Cheryl Woodward
Kingsland, 33 School Rd, unit 6, no bid, Jane Wang & Dragon Zhou
Royal Heights, 259 Royal Rd, unit 2, cross-lease, no bid, Casey & Rhys Chen
Quay West, 8 Albert St, unit 1001, no bid, Belinda Illingworth
Mt Eden, 3 Fairview Rd, unit 1, cross-lease, no bid, Ling Zhu
Avondale, 23B Cradock St, unit 3, cross-lease, no bid, Helen Clelland
Stonefields, 351 College Rd, no bid, Kelly Midwood & Zdenka Zinajic
53 Cook St, unit 1402, passed in, apartment, Annie Xu & Sean Zhang
Hobson Gardens, 205 Hobson St, unit 8H, apartment, no bid, Stephen Shin & Yasu Ka
Epsom, 495 Manukau Rd, unit 6, unit, no bid, Annie Xu & Sean Zhang
New Windsor, 109A New Windsor Rd, cross-lease, sold for $870,000, Anna Lechtchinski & Alex Wu
Henderson, 2A Longburn Rd, cross-lease, passed in, Margaret Jackson & Tanzi Rose
Ponsonby, 22 Prosford St, unit 4, apartment, sold post-auction, Carl Madsen
Sandringham, 26 Fowlds Avenue, cross-lease, no bid, Matt O’Brien
Grey Lynn, 34 Pollen St, unit 15, apartment, no bid, Becs Peacocke
One Tree Hill, 66E Moana Avenue, cross-lease, passed in, John Zhang & Louissa Bao
Massey, 2 Kemp Rd, unit 1, passed in, house with body corporate, Eugene Yamamoto & Matt O’Rourke
Mt Wellington, 46B Rutland Rd, cross-lease, passed in, Paul Donovan & Sharon Walls
New Lynn, 72 Portage Rd, unit 1, cross-lease, passed in at $370,000, Dharmendra Gomber
Kelston, 11 Alston Avenue, unit 4, cross-lease, no bid, Clara Wu & Shirley Zhong
Mt Eden, 6 Fairview Rd, unit 2, cross-lease, sold for $626,000, Craig Smith
Mt Roskill, 20 Hazel Avenue, cross-lease, sold for $910,000, Felix Bogdanovic

Parnell Rd sale

Knight Frank has sold a Parnell restaurant & takeaway.

Parnell, 391 Parnell Rd, 59m2 licensed restaurant, sold for $675,000 at a 6.4% yield, Allan Myers

Metlifecare goes unconditional on Albany site

Metlifecare Ltd has gone unconditional on purchase of a 3ha site on McClymonts Rd, Albany, for its 16th Auckland retirement village. Settlement is scheduled for 31 March.

WestCity mall on market

Scentre Group Ltd has appointed Colliers to market its 36,274m² Westfield WestCity mall at Henderson, following the $549 million sale of 3 other Westfield malls last week.

WestCity has a book value of $161.5 million.

Earlier stories:
27 November 2015: Scentre sells 3 malls to locals, one to go
25 February 2015: Scentre to sell the other 4 NZ malls

Attribution: Auctions, company releases.

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Scentre sells 3 malls to locals, one to go

Scentre Group Ltd has sold 3 New Zealand shopping centres, leaving it with 100% of only one New Zealand mall. That’s also been on the market since February.

A year ago Scentre owned 9 Westfield malls in New Zealand, worth $2.8 billion. It sold 49% of Albany, Manukau, Newmarket, Riccarton & St Lukes to Singapore’s sovereign wealth fund, GIC, for $1.036 billion, settling in March.

In today’s round, Scentre has sold 100% of Westfield Glenfield to Ladstone Holdings Ltd, and Westfield Queensgate In Lower Hutt & Westfield Chartwell in Hamilton to a fund managed by Stride Property Ltd, for a combined $549 million.

That leaves Scentre with WestCity at Henderson.

Scentre, which took over the Australia-NZ portfolio in a Westfield restructure in June 2014, has continued to manage the part-sold malls, but Ladstone & Stride (ex-DNZ Property Fund) are managers in their own right.

The February sale of the interest in the bigger malls was at an effective implied cap rate of 6.8%. Scentre said today’s transactions were at a combined yield of 8.2%. Specialty sales productivity at 30 September for the 3 centres was $7369/m² compared to $12,624/m² for the part-sold core New Zealand portfolio.

Scentre, fully controlled from Sydney following last year’s restructure, is seeking resource consent (non-notified) to double the size of its St Lukes mall in Auckland, but said it had effectively recycled proceeds from today’s sale into Australia already by repaying one series of its property-linked notes, valued at $A280 million, at a weighted average cap rate of 5.9%.

Those notes provided returns based on the economic performance of the Westfield malls at Parramatta, Hornsby & Burwood in Sydney, Southland in Melbourne, Tea Tree Plaza in Adelaide and Belconnen in the ACT, and had had a review date of 31 December 2016.

Scentre said the Glenfield sale to Ross & Dallas Pendergrast’s Ladstone was due to complete on Monday.

An agreement had been signed to sell the other 2 malls to Stride-managed Diversified NZ Property Fund Ltd, a fund which runs a portfolio for some large Australian institutional investors. This transaction is subject to the approval of the NZ Overseas Investment Office and Scentre expects it to close in the first half of 2016 – Stride said in the second quarter.

Scentre said today’s sale would have no impact on its 2015 funds from operations, and reconfirmed its forecast of A22.5c/security.

Stride chief executive Peter Alexander said Diversified’s 2 purchases would cost it $445 million, which puts a price of $104 million on Chartwell. The key terms of Stride’s management agreement include an asset management base fee of 0.6% up to $750 million of funds under management and thereafter 0.5%. Additional fees earned in relation to the management of the acquired assets would include leasing, disposal, performance, development & centre management fees.

Mr Alexander said Stride owned about 2% of Diversified’s convertible notes and would contribute up to $6 million of capital to complete the acquisitions. “Settlement of the acquisition is expected to occur in a restructured investment vehicle, which will continue to comprise the existing investors and be managed by Stride.”

He said the transaction was also not expected to impact on Stride’s previously provided guidance for dividends for this financial year, given the expected timing of settlement.

Earlier stories:
25 February 2015: Scentre to sell the other 4 NZ malls
7 November 2014: GIC buys into 5 NZ Westfield malls

Attribution: Company releases.

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Committee concludes St Lukes mall expansion effects minor, so hearing non-notified

Scentre (NZ) Ltd’s resource consent application to double the size of its Westfield St Lukes mall will be determined non-notified, which excludes other parties from the process.

Auckland Council’s hearings committee heard the company’s application for non-notification last week, deliberated behind closed doors and issued its decision yesterday.

Committee chair Linda Cooper said in a release yesterday the company had an existing consent to extend the mall, granted in 2011, and the latest application made some amendments & additions to it, including the replacement of rooftop parking above the consented mall and expanding retail areas.

She said the effects in the application were considered less than minor: “The proposal is in line with the St Lukes concept plan, which was developed following extensive public consultation.

“The proposal will have a height & separation distance to neighbouring properties that will avoid dominance, amenity or shadowing effects for neighbours. It also considers all traffic aspects and does not anticipate additional parking demands on surrounding roads.”

The committee has appointed independent commissioners to decide the outcome of the resource consent application.

Scentre Group New Zealand development executive David Drew said the concept plan was originally recommended by independent commissioners, subsequently approved by the council and the St Lukes Residents Association, and was now part of the operative district plan.

One thing not decided is the start of development: “We are still masterplanning and no decisions have been made as to the timing of any development at St Lukes.”

Committee conclusions

The hearings committee said it determined overall effects would be minor on the basis that they would be within the envelope expected by the concept plan introduced by plan change 34, and the mitigation works & assessment criteria.

Onsite parking will be increased by 1479 spaces to 3497 spaces.

The committee said staged construction & staged opening of new tenancies would reduce offsite parking effects.

On requests for public input, the committee said: “The concept plan reflects that past input by setting out the expectations around the level & location of the expansion, roading improvements and mitigation & urban design considerations. In following the broad direction of the concept plan, the application does not introduce unforeseen adverse effects or raise any other matter not contemplated by the concept plan.

“Therefore it is unlikely further information or debate from possible submitters that could like improve the quality of decision-making necessary at the section 104 (Resource Management Act) stage will be elicited.”

Westfield (the Scentre predecessor) got a plan change in 2012 to rezone land adjoining the shopping centre & owned by it to business 8, and enabling the company to double the maximum gross floor area to 92,500m², including 15,000m² for offices.

Earlier stories:
17 November 2015: Council closes doors to decide on St Lukes notification
17 February 2012: Plan change to double St Lukes mall goes through final council hoop
13 January 2012: Court issues consent order for St Lukes rezoning & expansion
19 December 2010: St Lukes: the debate
18 November 2010: Westfield gets St Lukes plan change approval as mayor talks mediation

Attribution: Council decision & release.

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Council closes doors to decide on St Lukes notification

Auckland Council’s hearings committee went into closed meeting today to decide whether Scentre (NZ) Ltd’s application to increase the gross floor area of the St Lukes mall to 77,013m² should be publicly notified.

Cllr Cathy Casey, giving her voice to local opposition to the original plan change in 2010 and again at later stages, wanted to know the legal basis for making the deliberations confidential but got no explanation from committee chair Linda Cooper.

Planning consultant Andrew Wilkinson said in his report on the application for the council that impacts of the near-doubling of the mall’s footprint would be no more than minor and it needn’t be either notified or limited notified (to named parties).

Albert-Eden ward councillor Casey (able to take part in the open debate though not a member of the committee) and local board member Graeme Easte both insisted the impact on an already congested road network would be considerable, which should make the application notified.

However, Mr Wilkinson said completion of the western ring route in early 2017, through the tunnels & interchange connecting State Highway 20 to State Highway 16 at Waterview, would bring a critical reduction in traffic on the existing road network.

Planning consultant Vaughan Smith, for Scentre, said St Lukes had been developed at a time when totally inward-facing malls were considered acceptable. Private plan change 8 rezoned land adjoining the shopping centre & owned by Scentre predecessor Westfield (NZ) Ltd to business 8, and enabled Westfield (and now Scentre) to double the maximum gross floor area to 92,500m², including 15,000m² for offices. It would also become a more open centre.

Mr Smith said appeals were all resolved through mediation before getting to the Environment Court. Although Cllr Casey said mayor Len Brown had quieted initial opposition by saying critics would get their chance during the resource consent process, Mr Smith disagreed that there was an expectation the application would be notified.

He said it was always intended that a series of resource consents would be required, and that controlled or restricted discretionary activities would be considered without notification. “The things that pushed this into a discretionary status were relatively minor,” he said.

He added: “The scale of development in this application is envisaged in the district plan and concept plan for this site…. There was no requirement [to consult on resource consents] and no consultation. For the plan change there was a lot of consultation.”

This consent application is for combined stages 4-5 of the development.

Hearing panel appointments:

The hearing committee also appointed commissioners today to hear 2 other urban applications plus a variation for the Te Muri regional park:

Newmarket level crossing project, Auckland Transport notice of requirement & applications for resource consent: Simon Berry (chair), Janine Bell & David Mead
Milford, Milford Shopping Centre, 114 Kitchener Rd: Karyn Sinclair (chair), Melean Absolum, Craig Shearer & Phelan Pirie (Rodney local board member)
Te Muri: Barry Kaye (chair) & Sheena Tepania

Image above: An artist’s impression of the transformed St Lukes mall at the corner of St Lukes Rd & Morningside Drive.

Link:
Committee agenda 17 November 2015

Earlier stories:
17 February 2012: Plan change to double St Lukes mall goes through final council hoop
13 January 2012: Court issues consent order for St Lukes rezoning & expansion
19 December 2010: St Lukes: the debate
18 November 2010: Westfield gets St Lukes plan change approval as mayor talks mediation
19 October 2008: Plan change would allow 200 apartments in 3 towers above Milford shopping centre

Attribution: Council committee meeting.

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