NZ's tallest office building to cost $350 million

What the tower will look like

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Auckland Council has unveiled plans for a 52 storey building in downtown Auckland.

Situated on a vacant site at the corner of Elliot and Victoria Street, the development will cost Shanghai-based New Development Group $350 million. The site has been a carpark since the 1980s.

At 209 metres tall, the tower will only be shorter than the nearby Sky Tower which stands at 328 metres.

The building – which is located on the route of the City Rail Link - has been given planning consent by commissioners, says Mayor Len Brown.

It will comprise a 302 room hotel and entertainment complex, residential apartments, shopping centre, restaurants and cinemas.

The proposed tower does not have building consent yet but that is targeted for 2015. It is expected to be finished by 2020.

New Development Group’s plan is not the first time a developer planned to build on the site. Back in 2007 Korean developer Dae Ju was granted resource consent for 67 storeys to be known as Elliot tower.


This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7610 0.0003 0.04%
AUD 0.9715 0.0008 0.08%
EUR 0.7000 0.0006 0.09%
GBP 0.5014 0.0004 0.08%
HKD 5.8976 0.0032 0.05%
JPY 90.5020 0.0420 0.05%

Commods

Commodity Price Change Time
Gold Index 1179.0 -14.680 2015-04-24T00:
Oil Brent 65.3 1.460 2015-04-24T00:
Oil Nymex 57.1 -0.480 2015-04-24T00:
Silver Index 15.6 -0.190 2015-04-24T00:

Indices

Symbol Open High Last %
NZX 50 5757.9 5776.4 5757.9 0.13%
NASDAQ 5096.3 5100.4 5056.1 0.71%
DAX 11783.6 11881.0 11723.6 0.74%
DJI 18056.4 18108.9 18058.7 0.12%
FTSE 7053.7 7102.6 7053.7 0.24%
HKSE 28245.1 28385.0 28061.0 1.05%
NI225 20063.8 20069.2 20020.0 0.01%