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Million-dollar dumps: The Auckland car park worth $82.5 million

RICKY WILSON/Stuff
It’s been a car park ever since – where an hour will cost you $19.
It was purchased by Singapore company NDG Asia Pacific (NZ) Limited for $53m in 2012, and in 2017 the company was given approval by the Overseas Investment Office to build and operate a 52-storey, five- star Ritz-Carlton Hotel, with 300 guest rooms, four floors for hotel facilities, six for retail and five for car parking.
The development is expected to cost $350m, with the start of construction dependent on the completion of City Rail Link. However, the resource consent for the tower is due to expire in October.

Auckland , New-zealand , Singapore , Geraden-cann , Craig-hobbs , Matt-lowrie , Caroline-williams , Investment-office , Ritz-carlton-hotel , Engineering-co , Royal-international-hotel , Heng-chuang-investment-group