Archive | Mangere

East Tamaki sale starts last Bayleys commercial auction for year, 2 other sales in Airport Oaks & Orewa

A sale at Bayleys’ East Tamaki office yesterday kicked off the agency’s 8th Total Property auction round for the year.

It will continue in Auckland today, when 18 commercial properties are on the auction list.

While that auction round is starting, one Orewa property passed in at the Total Property 7 auction in October has been sold, and an Airport Oaks property (pictured) offered by tender in October has also sold.

North-east

Orewa

Tamariki Plaza, 1-19 Cammish Lane, unit J:
Features: vacant 190m² commercial unit set up as an office with a rear roller door, zoned town centre, one parking space + share of 35 parking spaces
Outcome: passed in at $700,000, sold to another investor post-auction for $780,000, with vacant possession
Agent: Mustan Bagasra

South

Airport Oaks

127 Montgomerie Rd:
Features: 5001m2 site, 3663m2 industrial building developed in late 1990s – 2953m2 of warehousing, 6.7-7.8m stud, 2 levels of offices & amenities; complete refurbishment undertaken in 2015 before start of 8-year lease to skin & hair products manufacturer Mix Ltd, 45 parking spaces
Rent: $374,544/year net + gst, increasing annually to $405,418 in 2022
Outcome: sold for $7.106 million at a 5.27% yield, after a tender that closed in October
Agents: James Hill, Sunil Bhana & Nick Bayley

East Tamaki

33A Springs Rd:
Features: 897m2 mid-1980s industrial unit, 647m2 warehouse with 6.5m stud, 2 roller doors & 3 tonne gantry, 2 levels of office & showroom space
Outcome: sold vacant for $2.3 million
Agents: John Bolton, Katie Wu & Roy Rudolph

Attribution: Agency release.

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6 industrial & retail properties sell

An Ellerslie fruit & vege store has been sold a month post-auction. Bayleys agents have also sold 4 property in industrial zones in Mangere, Onehunga & Otara, and a vacant shop in Favona.

Isthmus east

Ellerslie

101 Main Highway:
Features: 272m² retail unit in town centre; fruit & vege store, 5-year lease, 2 5-year rights of renewal
Rent: $60,000/year net + gst
Outcome: passed in at auction on 24 October, sold for $820,000 at a 7.32% yield
Agents: Oscar Kuang & Beterly Pan

Onehunga

15 Edinburgh St:
Features: 557m² site zoned heavy industry, 361m² 1970s warehouse
Outcome: sold vacant for $1.02 million
Agents: James Hill, James Valintine & Sunil Bhana

315 Neilson St & 21-23 Edinburgh St:
Features: 1825m² corner site in 3 titles, zoned heavy industry, 1256m² warehouse & office building
Outcome: sold vacant for $2.55 million
Agents: James Valintine, James Hill & Sunil Bhana

South

Favona

1 Savill Drive, unit 5:
Features: 120m² unit in retail complex on corner of Massey Rd, surrounding tenancies include Burger King, doctor, takeaway, liquor store & superette, communal parking
Outcome: sold vacant for $680,000
Agents: Andrew Lin, Amy Weng, Geoff Wyatt, Janak Darji & Tony Chaudhary

Mangere

10 Rennie Drive:
Features: 1656m² site zoned light industry, 1040m² industrial building – 745m² clearspan, medium stud warehousing, 295m² office & amenities
Outcome: sold with vacant possession for $2.475 million
Agents: Nick Bayley, James Valintine & William Gubb

Otara

100 Alexander Crescent, unit 1:
Features: 320m² roadfront commercial unit in light industry zone, 180m² of offices over 2 levels & 140m² warehouse, which currently has a lowered suspended ceiling for commercial use, 7 parking spaces
Outcome: sold vacant to an owner-occupier for $670,700
Agents: Mike Marinkovich & Amy Weng

Attribution: Agency release.

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Fletcher Building top table looks revitalised, but shareholders skip scrutiny

Fletcher Building Ltd’s annual meeting at Eden Park today was a good one, for many reasons.

It was also a bad one, for a couple of very important reasons.

It had some stage-managing, but it also had some frank views from the new helmsmen, clear statements of ambition & about the expertise to carry that ambition through from 5 new directors & one up for re-election, and Ihumatao protesters politely asking questions (and asking more questions than the rest of the shareholders there).

The losses the company has incurred ($191 million net for the last financial year) wounded a company that has a long history of strutting.

Sometimes in that situation, companies say they are changing – but don’t. Much has been made (including on this website) of the lack of construction nous on the board, but today there was evidence of new attitudes.

New Fletcher Building chair Bruce Hassall.

Bruce Hassall, former senior partner & chief executive at accountancy firm PwC NZ, took over the chair at Fletcher on 1 September from Sir Ralph Norris, who resigned from both chair & board. The one other director not up for election or re-election was Tony Carter. Mr Hassall – not culpable for the disastrous downturn – ran a smooth meeting, didn’t dodge questions, and asked staff to add to answers.

In the presentations from Mr Hassall & chief executive Ross Taylor, and the brief speeches from the 6 directors facing election – and even just from the fact that the company has 5 brand-new directors out of a total 8 – you could see a new determination to run Fletcher’s affairs far better. Albeit the newbies toed the party line.

Shareholders leave scrutiny to Ihumatao protesters

That point about protesters asking over half the questions is a funny one. They were naturally single-minded, but also apologetic about dominating the meeting.

Longtime sniper Coralie van Camp, second on the roster for questioning directors, wanted all directors standing for election to give their opinion on the Ihumatao subdivision, and all 5 duly said they supported it.

Although new company chair Bruce Hassall initially tried to close Mrs van Camp down, saying this wasn’t the time for general business questions, she stood her ground and made it clear her request was for each of these 6 directors to state their position. They did so, some in detail, all in support of the subdivision proceeding.

9 Protect Ihumatao campaigners & supporters asked questions of the board, and got most of their answers from residential & development chief executive Steve Evans. The answers weren’t what the Ihumatao group wanted to hear, but they were straight & unequivocal responses.

As happened at the Fletcher annual meeting last year, Protect Ihumatao’s practice of popping up with new questioners eventually brought groans from other shareholders.

But what were those other shareholders at Eden Park for? The food trolley, for one thing, and to hear the top table’s view on the year gone & the outlook. But until the final questioner took the microphone, this was not a lossmaking company under deep scrutiny. And the harrumph at the prodding over Ihumatao was a signal to leave it alone, as if to say: ‘We’re investors, here to see our investment is moving forward, even if our directors now want to have a social conscience.’

Top table responds to all protest questions

Listed company boards are encouraged nowadays to act in more socially sympathetic ways, so hearing out the Ihumatao crowd was a proper response. The subdivision land is in an area a short distance from Auckland International Airport which was occupied for hundreds of years before colonisation in the 19th century. Families were driven out, some have returned to push historic claims, but Fletcher Building has won the right to develop through hearings & court proceedings.

Fletcher Building chief executive Ross Taylor.

Chief executive Ross Taylor offered what he said were a few salient comments: “We’re not touching the stonefields site. As we’ve worked in partnership with iwi that have mana whenua for the site, we’ve developed our plans with their consultation. We’ve actually taken part of the site we’re developing and left that undeveloped next to the stonefields site to enhance the entryway.

“We’re actually developing 480 houses on only 25ha. We’ve been through many forums now, both national & international, reviews & both legal processes with the most recent one being the Environment Court. We’ve respected those processes and we’ve actually engaged in those processes over many years, and quite legitimately engaged in them, and effectively all those independent reviews have supported the approach we’ve taken and the way forward on this project.

“So I look at all that – and then you could say does the project make sense for shareholders in an economic sense, and that’s where you finally get to after doing all the other stuff first, and it does. “So, as I look at all that, I think we’re behaving appropriately, we’ve been respectful, we’ve respected both the community angst as well as the legal processes and we get to the position that we should move forward with the project, and that’s the position we’re taking.”

To another shareholder, Mr Taylor said he couldn’t give the company’s holding costs on the project, but that the project was still appropriate measured against the weighted average cost of capital.

A questioner said that, 20 years on, Fletcher could be pressured to develop the buffer zone it was leaving. Mr Taylor commented: “The buffer is enshrined in our development approval. We can’t ever touch it.”

Mr Evans added that the company was in discussions on who to hand the buffer zone over to, iwi or Auckland Council.

The Steel & Tube non-deal

Answering an online questioner, who’d asked about Fletcher’s takeover offer for Steel & Tube Holdings Ltd, and had suggested: “Wouldn’t it be wise to get your own house in order before seeking to acquire other companies?” Mr Hassall expanded on the response at the time (5 weeks ago), in which Fletcher questioned the Steel & Tube board’s lack of support to “progress the proposal in a timely manner” and announced that Fletcher was pulling its offer.

Today, Mr Hassall said “there was a window of opportunity” and the offer “was on strategy. We talked around our New Zealand businesses, and growing those and refocusing on the core.

“The second thing. We have a highly performing steel business and we saw an opportunity where we could put those 2 businesses together. They had many complementary product offerings, and also locations, so putting those 2 businesses together created an opportunity to deliver an enhanced customer service & experience right across the whole range of product suites, and also deliver positive return to our shareholders.”

On the question of timing, Mr Hassall said Steel & Tube had just run a formal due diligence process before its capital-raising in September, so Fletcher didn’t have to rerun that process: “There was a window and we took it.”

A boys’ club? We’re getting better at inclusion, says chair

A shareholder asked about “the poor performance of the company over time” and the role of women at Fletcher Building, questioning the claim in the annual report (page 40) that “facilitating an inclusive & motivating working environment for women is important to us. Ultimately, we want to create a culture in which gender diversity in management & our industry is the norm. For this reason we provide targeted development for women within the business…”

In contrast to that statement, the shareholder said, if he looked around the room, “it looks like a boys’ club, and it’s not good enough”. There was no information in the report to support the claim of facilitating a changed environment, pay rates or pay equity: “For a company this size & importance in New Zealand, it’s not good enough. And particularly when you have a large retail company, PlaceMakers, which doesn’t perform that well in my view… where you must have a number of female employees – and if you don’t you should have.”

Mr Hassall countered: “At a board level & as a company we are very focused on the importance of gender, and we’re also focused more generally around the importance of diversity, because it’s important as an organisation that we reflect New Zealand, and particularly that we reflect the customers that we’ve got.

“I think your comment’s a little bit harsh. We’re also an industry that’s heavily dominated historically by males. Now that is changing. But… Fletcher Building has done a lot of really good things in recent years around diversity & women. For example, Global Women, formed a number of years ago, Fletcher Building was one of the principal partners involved in there and it’s still actively involved.

“Around broader diversity, I think we were the first corporate in New Zealand to get the diversity tick. Have we got some more work to do? Of course we do. Do we need to address gender mix across our executive teams, middle-senior management? Yes. Can’t solve it overnight. We have a number of programmes and a number of them are spelled out in the annual report.”

Mr Hassall said Fletcher had a programme on pay equity and would report back on that in the annual report next year: “We are focused on it. In our remuneration of employees, that was one of the things that was taken into consideration, but more work to be done.”

As for PlaceMakers, Mr Hassall told the shareholder: “I do need to pull you up on that. PlaceMakers is one of our best performing businesses, and it’s the star performer in the Fletcher Building group, has been for a number of years and I’m sure will continue to be so… It is an outstanding business.”

After 105 minutes, a modestly probing question

And at the end of it all, longtime listed company investor Robert Gray closed questiontime with a curly one about future liability for late completion of the SkyCity International Convention Centre & Precinct Properties Ltd’s Commercial Bay redevelopment of the downtown block at the foot of Albert & Queen Sts.

Mr Hassall said Fletcher had completed “7, nearly 8” of the 16 building & interiors division projects which had come under the spotlight 2 years ago, resulting in closure of the company’s vertical construction business. “We remain confident with the provisions we’ve established [but] can’t comment on specific projects.”

Mr Gray asked: “Can the company speed up delivery – [for instance] by working longer hours?” Mr Hassall said nothing. Mr Taylor responded: “You & I both wish that.”

And in those 2 questions about construction liability, Mr Gray laid bare the default by the body of shareholders: ‘The leaders had spoken, no further inquiry needed. We made a loss last year, no dividend, all happy.’ That’s how the meeting was, sadly, a bad one.

Links:
Fletcher Building annual meeting, 20 November 2018, webcast
Annual meeting documents & guidance
Presentation
Chair’s written address
21 June 2018, Fletcher Building strategy presentation slides

Related story today:
Guidance kicks Fletcher share price down as new chiefs present positive outlook at annual meeting

Earlier stories:
16 October 2018: Fletcher gets miffy over Steel & Tube time to get advice, pulls what was only ever a “non-binding & indicative offer”
5 October 2018: The price was moving, the confidentiality remains, and still-weak Fletcher insinuates Steel & Tube takeover “compelling”
22 August 2018: Updated: A loss, but flow of red ink stops at Fletcher Building
2 March 2018: Fletcher gets US waiver, still negotiating funding terms
21 February 2018: Fletcher half-year loss $322 million
14 February 2018: Another $486 million of losses for Fletcher Building, and Norris resigns
27 October 2017: Sheppard turns Fletcher meeting into “absolution or exorcism” exercise
21 September 2017: A year on, Fletcher board still has ‘construction nous vacancy’ pencilled in
20 March 2017: Fletcher Building cuts earnings guidance by $110 million

Attribution: Annual meeting.

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4 sales, 7 leases

Industrial & commercial property specialist Commercial Realty Ltd has reported deals completed over $50,000 from May to July. Some had confidential pricing which I’ve mentioned, but I’ve omitted those with so little detail as to make this report meaningless.

Below are 4 sales & 7 leases signed around the Auckland region.

Sales

CBD

Lorne St

8 Lorne St, basement:
Features: 275m², secondary retail
Outcome: sold for $1.475 million
Agent: Reid McGowan

North-west

New Lynn

72 Delta Avenue:
Features: 1200m² standalone building
Outcome: sold to a dance studio for $1.875 million + gst
Agents: Mike Edward & Daniel Speck

South

East Tamaki

15 Bishop Lenihan Place, unit 22:
Features: 102m², live/work unit, 2 stacked parking spaces
Outcome: sold for $477,725
Agents: David Turner & Reid McGowan

Papatoetoe

260 Puhinui Rd:
Features: 8051m² site, 3664m² building
Outcome: sale & leaseback, price confidential
Agents: Mike Edward, Mark Bramwell & Reid McGowan

Leases

Isthmus east

Penrose

Part 323 Church St:
Features: 600m² car yard
Rent: leased to a car dealership for $75,000/year net + gst
Agent: Willie Fernandes

100 Gavin St:
Features: 3171m² warehouse, 1800m² yard, leased to an international tenant
Rent: $455,242/year net + gst
Agent: Danny Guise

22 Industry Rd, unit 2:
Outcome: sold to an investor for $875,000
Agent: Kerry McGuffog

Isthmus west

Avondale

12A Saunders Place:
Features: 698m² warehouse & office
Rent: leased for $93,000/year on a long term to a local Rosebank Rd business at the full asking rental
Agents: Tom Cooper & Mark Bramwell

South

Drury

4 Creek St:
Features: 2000m² yard, 700m² warehouse
Rent: leased for $105,000/year net + gst
Agents: Mark Bramwell & Brad Rathbun

Mangere

50 Andrew Baxter Drive:
Features: 1800m² site, 1080m² warehouse & office
Rent: leased for $175,000/year net + gst
Agents: Danny Guise & Mike Edward

Manurewa

Part 239 Browns Rd:
Features: 1200m² warehouse
Rent: leased to an international tenant for $120,000/year net + gst
Agent: Brad Rathbun

Attribution: Agency release.

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Demolition starts on Mangere regeneration project

Demolition has started along Bader Drive in Mangere for the next major regeneration project for state housing areas in Auckland.

The programme envisages 2700 older state houses being replaced by 10,000 new homes over the next 10-15 years, in roughly equal mixes of intensive & standalone, and state, affordable & market-price.

Mangere has joined Northcote, Mt Roskill & Oranga (near Onehunga) as a focus for largescale urban development by Housing NZ and its subsidiary, HLC (2017) Ltd (originally Hobsonville Land Co Ltd).

Hobsonville is different because it’s been all about new housing, with only a few former Defence Force homes displaced. In the other areas – and in the Government’s Tamaki programme with Auckland Council – large numbers of state houses are being demolished to make way for more intensive subdivisions containing homes that meet modern standards.

Housing, Urban Development & Transport Minister Phil Twyford onsite with HLC precinct director Mark Fraser (left) & local MP William Sio.

While existing residents are necessarily displaced, Housing, Urban Development & Transport Minister Phil Twyford said on Friday those residents would be at the top of the priority list for new homes.

He emphasised the ultimate aim of community, not just housing, and particularly access to jobs.

Light rail a factor

Mr Twyford said regeneration would be a hallmark of this government: The Mangere project is “alongside the light rail site [from the cbd to Mt Roskill and on to the airport], which will deliver 21st century rapid transit to these communities and will be a powerful stimulant for economic development, attracting investment into these communities.”

He said light rail would prove a powerful magnet for private investment around rail stops, and would also connect Mangere “to the biggest concentration of jobs in the region [around the airport]… This community has been starved of good public transport for too long.”

Mr Twyford also said it was important that the project retained the existing community, although new price & ownership options would obviously bring change: “It is not our policy to run a regeneration programme that pushes values up and pushes the community out. It’s a policy to build homes & security. Families living in this community will get priority. [But] mixed communities are strong communities. That’s why we want private [in the mix].”

“We’re also working on ideas to include in the mix for this community tenure-secure rental.”

That’s the kind of long-term rental common in Europe, where large portfolios of rental housing have become a popular investment option for US, European & Australian property investment companies.

One issue for critics is how the cost of such developments will be met. Mr Twyford was adamant: “This project will wash its face. We’re redeveloping publicly owned land, reinvesting capital into homes. The KiwiBuild homes will be supported by the $2 billion KiwiBuild fund, and there will be community & residential development alongside the light rail route.”

The KiwiBuild homes would be priced under the Auckland KiwiBuild price caps of $650,000 for 3 bedrooms, $600,000 for 2 bedrooms. In addition, Mr Twyford said, “We’re working hard to put in place a shared equity scheme, which will make it possible for a lot of people to take part in the KiwiBuild scheme, reducing the upfront costs a buyer has to pay.

“We’re mobilising capital – public, and hopefully private as well – to get families into homes. And we’re working with Maori to look at ways we can work with iwi to ensure whenua Maori get a fair share of the homes.

Mangere about 40% of regeneration programme

The Mangere development will make up about 40% of HLC’s Auckland housing programme – 10,000 of the 24,300 new homes around the region over the next 10 years (or 10-15 years for Mangere).

The start last week was on demolition of houses in the first stages of the regeneration programme (in colour on the aerial picture), along Bader Drive between McKenzie Rd & Mangere College.

Housing NZ has about 100 redevelopments underway around Auckland, ranging in scope from a property or 2 through to largescale developments involving 1000 or more new homes. The programme, begun in June 2016, has a target of delivering over 10 years:

  • almost 11,500 additional new state houses
  • over 12,800 new affordable & market-priced homes.

Links:
HLC
Housing NZ, Auckland housing programmes

Related stories, 16 July 2018:
Putting change in context
Robertson outlines focus shift from GDP measure to wellbeing
Demolition starts on Mangere regeneration project
Finance minister calls Productivity Commission in to examine local body funding

Attribution: Mangere presentation, site visit, HLC release.

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Council to fight Crater Hill & Okura appeals, and appeals itself over rural subdivision

Auckland Council said yesterday it would fight appeals by landowners against 2 unitary plan decisions in favour of the council, and will also appeal on a third issue where the council lost.

Almost all 108 appeals against the Auckland unitary plan have been resolved in the Environment & High Courts.

But landowners have lodged appeals to the High Court against 2 of the 3 decisions the Environment Court has issued in the last 2 months. They relate to the location of the rural:urban boundary & zoning in the Crater Hill/Pukaki area at Mangere and at Okura, at the top of the North Shore.

The third recent decision concerns planning controls for subdividing land in rural Auckland. The Environment Court went against the council on that, and the council has decided to appeal.

The council released its decisions on the unitary plan in August 2016.

At Crater Hill/Pukaki, the Self Family Trust & adjacent landowners want their land included inside the rural:urban boundary.

At Okura, Todd Property Group Ltd has appealed against the Environment Court’s decision not to include its land inside the rural:urban boundary, where the company wants to build 1000 houses. That land is beside the Okura estuary marine sanctuary.

Council planning committee chair Chris Darby said yesterday: “We will actively support the Environment Court’s decisions in the High Court through the presentation of legal submissions.

“For a wide range of reasons, the Crater Hill/Pukaki and Okura areas are not suitable for urban development.

“In relation to the recent decision that deals with subdividing land in rural Auckland, our legal advice is that the Environment Court has made a number of errors in law. For that reason, and given the importance of protecting the rural economy’s finite resources such as high quality soils & sensitive rural landscapes, the council has decided to appeal this decision to the High Court.”

Link:
[2018] NZEnvC 087 Okura Holdings Limited & Others v Auckland Council [PDF, 11 MB]

Earlier story:
23 April 2018: Court rejects housing on Crater Hill & peninsula near airport

Attribution: Council release.

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4 industrial sales & 10 leases

Commercial Realty Ltd agents have completed 4 industrial sales for over $50,000, also leased one of those properties and signed another 9 leases since April. The agency specialises in industrial & commercial property. I haven’t gone back to determine the types of property in each transaction.

Sales

Isthmus east

St Johns

145F Morrin Rd:
Features: 91m²
Outcome: sold for $350,000 + gst
Agent: David Turner

South

East Tamaki

29F Neilpark Drive:
Features: 100m²
Outcome: sold for $320,000 + gst
Agent: David Turner

South of the Bombays

Manawatu

Levin

16-20 Roe St:
Features: 1315m²
Outcome: sold for $2.45 million + gst, leased for $175,000/year + gst
Agent: John Lee

Waikato

Pokeno

Gateway Business Park:
Features: 11,000m² of land
Outcome: sold for $2.439 million + gst
Agent: Mark Bramwell

Leases

Isthmus east

Mt Wellington

24R Allright Place:
Features: 485m²
Rent: leased for $56,000/year + gst
Agent: Danny Guise

Onehunga

14 Angle St:
Features: 575m²
Rent: leased for $78,000/year + gst
Agent: Danny Guise

Penrose

Part 8-12 Greenpark Rd:
Features: 1460m²
Rent: leased for $185,000/year + gst
Agents: Danny Guise & Willie Fernandes

373 Neilson St:
Features: 2598m²
Rent: leased for $435,476/year + gst
Agent: Willie Fernandes

Isthmus west

Mt Roskill

62-68 Carr Rd:
Features: 1050m²
Rent: leased for $76,800/year + gst
Agent: Reid McGowan & Willie Fernandes

South

East Tamaki

110D Cryers Rd:
Features: 309m²
Rent: leased for $52,000/year + gst
Agent: David Turner

Mangere

17 Aintree Avenue:
Features: 1100m²
Rent: leased for $150,000/year + gst
Agent: Kerry McGuffog

Part 38 Richard Pearse Drive:
Features: 1566m²
Rent: leased for $195,000/year + gst
Agents: Mike Edward, Reid McGowan & Willie Fernandes

Papakura

40-52 Hunua Rd:
Features: 1000m²
Rent: leased for $123,575/year + gst
Agent: Mark Bramwell

Attribution: Agency release.

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Mangere development site sells

The last site left in the Oruarangi Rd development block near Auckland Airport was sold at CBRE’s auction yesterday at 545/m².

South

Mangere

586 Oruarangi Rd:
Features: 9999m² industrial lot near Auckland Airport, dual access to Te Tiki Rd, last site left in the Oruarangi Rd development block, surrounded by new developments
Outcome: sold for $5.45 million + gst
Agents: Paul Steele & Claus Brewer

Attribution: Agency release.

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Kohi unit & St Heliers house sell, but 15 other homes passed in

The first property up for sale at Barfoot & Thompson’s apartments & houses auction this morning – a large cross-leased unit just off Tamaki Drive in Kohimarama – was sold under the hammer, and the third offering of the day, a house in St Heliers, was also sold.

The other 15, including 5 other apartments, a terrace & a suburban unit with sleepout, were all passed in.

Barfoot’s moved to a dedicated apartments & commercial auction on Thursday mornings at its city office a couple of years ago, but struggled to get a large selection – when the agency’s city residential property business could run through 80 auctions in a day, 2 sessions in 2 auctionrooms.

The agency’s commercial branch has rarely offered more than 2 properties at these auctions, while apartment numbers have also dwindled.

So today’s offering was a novelty – 9 houses and a larger selection of intensive housing than usual – but with an outcome that’s become commonplace since the residential markets started to turn downward around 18 months ago.

CBD

Kitchener St

Metropolis, 1 Courthouse Lane, unit 2114:
Features: 51m², 2-bedroom apartment
Income assessment: $675/week current until October
Outcome: passed in
Agents: Aaron Cook & Holly Huang

Learning Quarter

The Quadrant, 10 Waterloo Quadrant, unit 1606:
Features: fully furnished 2-bedroom apartment, parking space
Outcome: no bid
Agent: Oleg Lykov

Isthmus east

Kohimarama

28 Speight Rd, unit 3:
Features: cross-leased, 3-bedroom unit, deck, internal-access garag
Outcome: sold for $1.08 million
Agent: Lynette Boyd

Mt Wellington

Mountain View, 68 Mountain Rd, unit 52:
Features: 2-bedroom apartment, balcony, 2 covered parking spaces
Outcome: no bid, back on market at $570,000
Agents: Nathan Canton & Bev Bellas

Newmarket

373 Khyber Pass Rd, unit 17:
Features: studio
Outcome: passed in, back on market at $355,000
Agent: Cici Wang

Isthmus west

Eden Terrace

10 Ruru St, unit 31:
Features: 107m², 3-level one-bedroom terrace, balcony, double internal-access garage, reclad and new code compliance certificate issued 2010
Outcome: passed in
Agents: Eugene Yamamoto & Joanne Simpson

Mt Eden

30A Enfield St, unit 102:
Features: 3-bedroom apartment, 2 bathrooms, deck, garage
Outcome: passed in, back on market at $1.115 million
Agent: Jill Jackson

South

Mangere East

239 Robertson Rd, unit 1:
Features: 326m² section, 70m² 2-bedroom unit + 20m² sleepout with own bathroom, carport
Income assessment: $560/week current
Outcome: passed in
Agents: Neno Radinovich & Brett Innes

Attribution: Agency release.

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Court rejects housing on Crater Hill & peninsula near airport

Auckland Council issued a release today welcoming an Environment Court decision that the Crater Hill (Nga Kapua Kohuora) volcanic cone & the elite soils of Pukaki Peninsula – between Auckland Airport & Papatoetoe – are to remain protected from residential development & future urbanisation.

The court declined an appeal by the Self Family Trust & adjacent landowners against the Auckland unitary plan, which zones Crater Hill & Pukaki Peninsula as rural land outside the rural urban boundary.

The South-western Motorway (State highway 20) cuts through part of the hill at Mangere.

The trust had proposed including the land inside the rural urban boundary to allow building up to 575 houses on certain parts of Crater Hill and appealed against the council’s unitary plan decision.

Landowners saw parts of Pukaki Peninsula as a future urban zone allowing urbanisation over areas of very productive land.

A coalition of 5 community groups & over 800 signatories petitioned the council in 2016 to save the hill & peninsula from development, which would have allowed the houses to be built on the region’s last undeveloped volcano.

The petition was led by the Geoscience Society, Civic Trust Auckland, SOUL ((Save Our Unique Landscapes) campaign, Friends of Maungawhau & Redoubt Ridge Environmental Action Group.

They argued that the unitary plan described the volcanic cones & fields as “defining natural & physical features that provide a unique setting and contribute significantly to Aucklanders’ quality of life”.

The petition added: “Since 1950, 65% of the 26 volcanoes in the southern half of the Auckland volcanic field have been demolished, built over or severely damaged. Crater Hill is the last one left in private ownership and is currently in remarkably good shape in spite of the South-western Motorway & the owners’ quarrying & back-filling activity inside one part of the crater. The recommended unitary plan has an objective (D10.2.4) that states: ‘Where practicable, the restoration & enhancement of outstanding natural features is promoted.’”

Auckland Council planning committee chair Chris Darby said today the appeal was a test of the unitary plan provisions: “At the time the unitary plan was introduced, we were acutely aware of the need to protect the ‘green lungs’ of Auckland and ensure that the natural & cultural landscape of Auckland would be safeguarded.

In the Environment Court decision, Judge Jon Jackson and environment commissioners Eileen von Dadelszen & James Baines said that, while the decision would have implications for housing elsewhere in the city, housing demand wasn’t a simple issue: “It is not a case of ‘push the balloon of supply in here and it will bulge out elsewhere.’”

Taking into account the existing markets available for housing, the court was satisfied its decision would have minimal impact on housing supply & prices.

“Standing back and looking at all relevant considerations, properly weighted, we consider that Auckland Council drew the rural urban boundary in the correct place so as to exclude Pukaki Peninsula & Crater Hill. Its decision should be confirmed as creating an appropriate strong defensible boundary in this area.”

Attribution: Council release, Civic Trust.

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