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NZ Occupier Update | 18 March 2020

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Local updates

  • Fidelity Insurance is selling its Newmarket headquarters. Fidelity currently owns its headquarters, but is considering relocation options. The property is on the edge of Auckland Domain and uniquely positioned for a range of different uses (office, residential, student accommodation, education, etc). More info here.
  • Meal-kit business HelloFresh opened its new 6,200 sqm Auckland hub in Mt Wellington, Auckland. The new warehouse/distribution centre allows the company to pack a meal-kit in just 10 seconds. More info here.
  • The Ted Manson Foundation opened the new $35M Life Apartments development in central Auckland. More than 100 people have settled into 73 social housing units in the 18-level tower. 18 units were sold on the private market and the rest of the units leased to the Ministry of Housing and Urban Development. More info here.
  • Earthworks will begin later this year on the $1B Te Awa Lakes residential scheme just outside of Hamilton. More info here.
  • Whakatāne District Council and local Iwi have confirmed $36M for investment into the Whakatāne Regeneration Programme. The programme includes a new boat harbour, town centre and riverfront revitalisation works, and transformation of the Army Hall as a tourist destination. More info here.
  • Kiānga Ora has purchased a 17-unit motel outside of Wellington to use for transitional housing. Previously the Spinnaker Motel, the property will be refurbished before commencing its new use this winter. More info here.
  • Demolition of the former Cadbury factory in Dunedin will begin this month to make way for the new Dunedin Hospital. The project was previously estimated at $1.4B. More info here.

Overseas updates

  • Replacing unsafe cladding on buildings in London has been estimated to cost £4B. This will remedy fire safety issues in cladding systems similar to those in the Grenfell Tower. More info here.
  • The first tiny home village has been opened in San Jose as part of their response to homelessness. More info here.