33 days ago

Million-dollar dumps: Publicly owned properties fall to rack and ruin

Caroline Williams Reporter from Auckland Stuff

To the side of East Auckland’s Te Ara ki Uta ki Tai cycleway, nestled in overgrown greenery, is a building that wouldn’t get a second glance if it weren’t for hot pink graffiti.

The house, owned by Auckland Council subsidiary Auckland Transport, was used as a site office by Waka Kotahi NZ Transport Agency staff working on the $46 million cycleway between Glen Innes to Tāmaki Drive, Auckland Transport spokesman Mark Hannan said.

But locals say the property has been all but destroyed by vandals since the cycleway was completed in 2016.

The property is one of several that have become run down and derelict under the ownership of local government.

Click 'read more' for my full report on publicly owned properties that have fallen out of use.

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1 day ago

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

Caroline Williams Reporter from Auckland Stuff

Downtown Auckland is going through huge transformation with its various streetscape and transport projects. But in stark contrast, several plots of land worth hundreds of millions of dollars have sat as car parks since buildings were knocked down in the 1980s.

The Elliott St car park sits on a 4417 square metre plot of land, valued at $82.5 million.

The land has sat undeveloped as a car park - where an hour will cost you $19 - since the Royal International Hotel was demolished in 1987.

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.

Click 'read more' for our full story.