The Kaipātiki local board has decided to retain a strong sports and community element at the AF Thomas Park, although finer details still have to be ironed out.
The rights issue and $127.5m development will be put to a shareholder vote.
It's the fund's second venture with the NBR Rich List Russell Family.
But a critic calls the Auckland Council report “arithmetical gymnastics.”
Other OIO decisions for January include a $426m packaging business sale.
The trust has conditionally purchased three Australian aged care assets for $60.1m.
The property company thinks many of its Auckland properties are still under-rented.
The planned luxury hotel needs international business to be viable.
Mould, damaged steel and façade damage mean hosting Apec is ‘highly unlikely.’
Auckland will join a network of WeWork’s 740 worldwide locations.
