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The Malaysian government-backed developer purchased the Auckland CBD land from the council for $40m.
A Malaysian government-linked developer has been chosen to build a $452 million mixed-use Aotea Central development above the Aotea Station stop of the City Rail Link.
Auckland Council’s development agency Panuku Development sold the former carpark on the corner of Wellesley St West and Mayoral Dr for $40m to Kuala Lumpur-based Malaysian Resources Corporation Berhad (MRCB) on a 125-year leasehold agreement.
A 10% deposit of the $40m for the site is payable now and the rest is due once the $4.6 billion City Rail Link project is completed in 2024.
The Golden Mile: What does the future hold for Auckland s Queen Street?
5 Feb, 2021 04:00 PM
16 minutes to read
The pocket park proposed for the junction of Fort St and Queen St in downtown Auckland. Image / LandLAB
The pocket park proposed for the junction of Fort St and Queen St in downtown Auckland. Image / LandLAB
Queen St has suffered a double whammy of crushing Covid consequences and the wait for the City Rail Link. There are now 40 empty stores in what was once the country s busiest retail area. Is the Golden Mile losing its lustre? And why are planned upgrades taking so long? Cherie Howie investigates
A fireworks display will ring in the new year. Silo Park will be a family-focussed area, with musicians Che Fu, Frank Booker DJ, Soul9Yards, and White Chapel Jak playing from 3.15pm to midnight. There will also be face painting, tinsel monsters, and circus workshops. Festivities on Te Wero Island start at 5pm, with Boh Runga, Laughton Kora & Mal Lakatani Duo, and the Jordan Luck Band headlining.
Ricky Wilson/Stuff
Boh Runga will play on the main stage on Te Wero Island, at the America’s Cup Village. There will be food and drinks on offer, but the village is an alcohol-free zone.