Wellington developer nabs key Auckland wharf project

Waterfront Auckland chief executive John Dalziell

Welllington property developer Willis Bond has won the contract to build up to 600 residences, the first residential development in the revitalised Wynyard Quarter, on docklands in Auckland near the city's central business district and the earlier Viaduct project that has brought the city closer to its waterfront.

A survivor during the global financial crisis, Willis Bond developed the up-market Chews Lane apartment project in Wellington, which preserved historical features while building a large residential complex above two historic CBD buildings, as well as Sunderland at Hobsonville Point in Auckland, and Clyde Quay Wharf and One Market Lane, both of which have placed large numbers of apartment dwellers on the waterfront in Wellington.

"Willis Bond will build 500 to 600 homes as part of a mixed use development in the centre of Wynyard Quarter, which will also incorporate 48,000 square metres of new office space and a five star hotel to be delivered by separate developers," Waterfront Auckland chief executive John Dalziell said in a statement.

"Willis Bond, has a strong track record of delivering large-scale, high quality developments in urban and waterfront settings" and followed an 18 month competitive tender process that attracted 20 parties.

The first homes in the central part of Wynyard Quarter are expected to be available to purchase off the plans by late 2014 and once completed, the development is expected to house more than 1,100 residents.

(BusinessDesk)

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

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7841 0.0008 0.10%
AUD 0.8888 0.0015 0.17%
EUR 0.6225 0.0011 0.18%
GBP 0.4904 0.0007 0.14%
HKD 6.0812 0.0066 0.11%
JPY 85.7520 0.1850 0.22%

Commods

Commodity Price Change Time
Gold Index 1198.1 -13.740 2014-10-30T00:
Oil Brent 86.2 -0.880 2014-10-30T00:
Oil Nymex 81.1 -1.180 2014-10-30T00:
Silver Index 16.4 -0.830 2014-10-30T00:

Indices

Symbol Open High Last %
NZX 50 5370.2 5405.3 5370.2 0.33%
NASDAQ 4532.1 4575.5 4549.2 0.37%
DAX 9091.1 9147.0 9082.8 0.35%
DJI 16968.1 17224.0 16974.3 1.30%
FTSE 6453.9 6483.2 6453.9 0.15%
HKSE 23913.7 24046.4 23702.0 1.22%
NI225 15817.1 16460.3 15658.2 5.11%