(MRCB) is making its foray into New Zealand by teaming up Panuku Development Auckland to undertake a transport-orientated development (TOD) there with a gross development value of NZ$452mil (RM1.3bil). In a statement issued on Tuesday, MRCB said they will develop the Aotea Central Over Station Development (OSD) in Auckland City centre. The urban regeneration development above the city rail link's Aotea station spreads across 1.08 acres with a total gross floor area of about 45,292 square meters (487,520 square feet). The site is formerly a car park used for Auckland Council fleet parking at the intersection of Mayoral Drive and Wellesley Street.