Published 1 September 2010
Nearly 3 years after Melview Developments Ltd (Nigel McKenna) signed the Flat Bush town centre development agreement with a Manukau City Council property company, the rights & obligations have been assigned to another developer.
Tomorrow’s Manukau Property Ltd chief executive Mike Higgins said yesterday the council-owned company had agreed to the assignment to a Todd Property Group Ltd subsidiary, Todd Property Flat Bush Ltd.
Tomorrow’s Manukau Properties owns the town centre land and is responsible for developing it. Melview’s job was to design the town centre and implement the council’s vision for it.
However, Tomorrow’s Manukau Properties decided in December not to approve the masterplan Melview submitted last October. Melview had certain appeal rights but hadn’t chosen to take them up.
The town centre covers 20ha, in the middle of the 1700ha Flat Bush district east of the Manukau City Centre. The draft masterplan for the wider area has been through informal consultation and is due to go through a more formal process this month.
Mr Higgins said Tomorrow’s Manukau Properties had held concerns since the Melview Group’s widely reported financial issues began, and the council company had been working on the assignment proposal for several months.
Under the assignment, all of Melview’s obligations will be picked up directly by the Todd company, which has been developing the Stonefields suburb in the former Winstone quarry at Mt Wellington, and has begun earthworks for its Long Bay project.
“Tomorrow’s Manukau Properties has received undertakings from Todd Property Group that satisfied us that they have the staff and the financial resources to meet the obligations involved with this project. Both the Tomorrow’s Manukau Properties board & I are delighted with this step. We expect that the assignment to Todd will allow full focus to be placed on the establishment of an approved masterplan during the next few months,” Mr Higgins said.
“The assignment to Todd provides an excellent platform for the project to proceed upon and Tomorrow’s Manukau Properties’ concerns to be resolved.”
The next significant step for the project is to get the masterplan to the point where it can be approved by Tomorrow’s Manukau Properties’ successor, Auckland Council Property Ltd, which is being established as part of the new Auckland Council structure. Earlier stories:
12 January 2009: McKenna says Melview’s Flat Bush town centre work on course
19 November 2008: Melview seeks public views on Flat Bush town centre draft masterplan
31 October 2008: Flat Bush masterplan unveiled on 13 November