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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Five architects have unveiled their designs for a new $300 million tower in Auckland’s CBD. </strong></p><p>The <a href="vie for the multimillion project.">design teams vying for the multimillion-dollar project</a> include Warren and Mahoney, Zaha Hadid, Cox Architecture, Elenberg Fraser and Woods Bagot.</p><p>The multi-storey hotel and apartment project marks the first international project for Melbourne-based developer ICD Property after <a href="https://theurbandeveloper.com/articles/icd-property-expands-nz-portfolio-with-40m-purchase-">securing the site from Skycity Entertainment Group in May for $40 million</a>. </p><p>Among the designs for the 65 Federal Street site, near Auckland’s Sky Tower, is a building comprising a sky garden representing the Auckland landscape, through to a local design inspired by a Māori cloak. </p><p>ICD said it hoped to deliver an international standard of high-rise living to Auckland as well as contributing to the city’s future growth and development. </p><p>“The city has many positive and unique aspects – from its multicultural make up through to the stunning scenery and landscape,” ICD managing director Michael Mai said.</p><p>Related: <a href="https://theurbandeveloper.com/articles/shortlisted-designs-for-2bn-beulah-southbank-competition">Shortlisted Designs for Australia&#x27;s Tallest Skyscraper Revealed</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>Warren and Mahoney </strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/45929d1d-b855-4e01-b5b1-2202773f1b26.jpg" width="1600"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Warren and Mahoney’s entry is inspired by a Maori korowai (cloak), which can be seen in the building’s cascading exterior.</p><p>Principal Andrew Barclay believes the project is an opportunity to create a building that reflects Auckland’s unique population, cultural diversity and geography.</p><p>&quot;The project is located in one of Auckland’s most exciting locations, so it has a responsibility to contribute to Auckland’s increasingly vibrant inner-city life,” Barclay said. </p><p>The 50-storey tower will stand 213 metres high and comprise 254 apartments and 151 hotel rooms.  </p><p>&quot;The time is right for projects within the central city to speak directly about Auckland’s unique people, culture and geography. The scale of the project means that identity can be expressed both at the ground plane and at the skyline.&quot;</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>Zaha Hadid</strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/362a592d-0108-4d9b-b44f-f979699dd5fa.jpg" width="1600"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>London firm Zaha Hadid&#x27;s design was inspired by bringing the city’s streetscape into the heart of the 52-storey tower with a sky garden.</p><p>The design proposes a 190-metre-tall tower comprising 178 apartments and 140 hotel rooms.</p><p>The firm&#x27;s Michele Pasca di Magliano says Auckland has the opportunity to re-engage with its architecture and enhance its own unique urbanism through the process. </p><p>“Auckland’s ambition and vision for the future must cater for everyone in the city, and in that respect mixed-use projects and plenty of publicly accessible spaces will be the most successful.”</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>Elenberg Fraser</strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/08daa224-7330-4bc5-a853-4ec4fe333927.jpg" width="1600"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Elenberg Fraser&#x27;s design starts almost 25 metres above the ground and rises through hotel and apartments to almost 210 metres. </p><p>A destination restaurant sits atop the 65-level building. </p><p>Elenberg Fraser&#x27;s Callum Fraser believes this project is delivering to Auckland an environment worthy of the city’s position as a leading global tourism destination. </p><p>&quot;The world looks to New Zealand for its freedom, ingenuity and independence of thought,&quot; Fraser said. </p><p>&quot;The spotlight on Auckland is to see what that means for the physical construction of the city which is only a by-product of that culture.” </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>Cox Architecture</strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/c1c8f35c-4857-4f25-9f0c-9d3e27ba3553.jpg" width="1600"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>Cox Architecture&#x27;s Phil Rowe says the challenge posed by ICD’s Auckland project was to address how architects and designers can improve and inspire the future of the city. </p><p>“It has to be done in a very Auckland way rather than importing what is perceived by fashion to be ‘best practice’.” </p><p>The 54-level tower will comprise 268 apartments and 124 hotel rooms. </p><p>&quot;The building will be a visual icon for what Auckland can and will look like in the future,” Rowe said. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><h2><strong>Woods Bagot</strong></h2></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/30ef19bd-155e-48b1-b603-824b285cb098.jpg" width="1600"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><br>The Woods Bagot-design proposes a 48-storey tower that will soar 180 metres into Auckland&#x27;s skyline, comprising 226 residential apartments and 233 hotel rooms. </p><p>Woods Bagot principal Pete Miglis says the project will transform the area with a focus on giving the streets back to the people. </p><p>“It will also enhance the city’s skyline and importantly it’s all about a building that will reinforce Auckland as a global city,” Miglis said.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><hr/></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>ICD Property will announce the winning design in October. </p></div></div></div></div></div>

Five global architects for a new $300 million tower in Auckland’s CBD have unveiled their designs. 

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Auckland&#x27;s evolution as a global city continues with one of the world&#x27;s largest hotel chains signing an agreement for a major new hotel on the city&#x27;s waterfront. </p><p>InterContinental Hotel Group has partnered with Precinct Properties, the largest city centre real estate owner in New Zealand, to launch a flagship InterContinental Auckland hotel as part of the Commercial Bay mixed-use development. </p><p>InterContinental Auckland comprises 244 guest rooms and is the final piece of the $1 billion development which also boasts a new 39-level premium office tower with 39,000 sq m of space. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/23054605-9c96-48d4-9ac8-634ea7e1d93a.jpg" width="800"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p></p><p>According to Colliers International <em>Hotel Market Snapshot April 2018</em>, Auckland recorded an 11.4 per cent increase in RevPAR for the year ending March 2018.</p><p>&quot;Many of New Zealand&#x27;s markets are now outperforming key regions in Australia, with Queenstown and Auckland ranking first and second respectively in RevPAR growth over the past 12 months across Australasia,&quot; states Dean Humphries, Colliers International National Director of Hotels. </p><p>The project is designed by local architects Warren and Mahoney with interiors in collaboration with New York-based design firm AvroKO. </p><p>In addition to the InterContinental Auckland, One Queen Street will encompass 8,700 sq m of commercial space across seven levels. </p><p>The building is 75 per cent pre-committed including a signed heads of agreement across 3,700sq m of office.</p><p>LT McGuinness has been appointed as the main contractor with construction scheduled to commence in 2020 with completion in 2022.</p></div></div></div></div></div>

Auckland keeps evolving as a global city with one of the world's largest hotel chains signing on for a major new hotel on the city's waterfront.

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Melbourne-based developer ICD Property has expanded its reach internationally, purchasing a high-profile car park in Auckland for $40 million from SkyCity Entertainment Group. </strong></p><p>New Zealand’s SkyCity has sold the Federal Street car park to reduce debt and fund future growth. </p><p>Settlement on the 427-space car park which is near the SkyCity’s Auckland casino is scheduled to settle in April 2019. </p><p>ICD was selected as the preferred bidder following a tender process managed by Colliers. A conditional agreement was signed in April and has now been finalised. </p><p>Related reading: <a href="https://theurbandeveloper.com/articles/aussie-rich-lister-picks-up-95m-auckland-mall">Aussie Rich-Lister Picks up $95m Auckland Mall</a></p><p>“As our first international acquisition this site presents an exciting step in ICD’s growth,” ICD deputy managing director Matt Khoo said. </p><p>“Auckland drew our attention because it has strong market fundamentals, strong economic growth and in recent years has become a truly global city. </p><p>“We’re looking forward to the opportunities this site presents from an investment and development perspective.” </p><p>SkyCity said in its statement to the Australian Stock Exchange: &quot;The sale of the Federal Street car park is consistent with SkyCity&#x27;s intention to move to an &#x27;asset-lighter&#x27; strategy which includes looking to divest non-core assets and businesses.”</p><p>It said it will use proceeds from the sale initially to pay down debt and then fund future growth opportunities as they arise.</p><p>SkyCity staff currently use the car park, who will shift their vehicles to the convention centre car park when the first tranche of about 600 spaces is completed. It will then operate the Federal Street car park for casual visitors and leaseholders through to settlement of the transaction with ICD.</p><p>In Victoria ICD has developed the $300 million Eq. Tower in A’Beckett St in Melbourne’s CBD, has residential developments in Collingwood, Hawthorn and Preston and a 1000-lot subdivision in Fyansford near Geelong.</p><p>ICD is part of a joint venture In Sydney with the City Tattersalls Club to develop a boutique 100-room hotel and 267-apartment tower on Pitt Street. </p></div></div></div>

Melbourne-based developer ICD Property has expanded its reach internationally, purchasing a high-profile car park in Auckland for $40 million from Sky

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<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>AMP Capital has announced plans for the redevelopment and expansion of the Botany Town Centre, one of Auckland’s largest regional shopping centres. </strong></p><p>The specialist retail division of AMP Capital Shopping Centres will undertake the $78 million redevelopment of the centre, which opened in 2001 in east-Auckland. </p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/17ed5351-4ff4-4ad6-b5c5-9c3ea68b467f.jpg" width="4180"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>In 2003, AMP sold half shares in three malls including the Botany Town Centre to Stockland for $169.2 million. In 2007, AMP’s New Zealand Property Retail Fund bought back the half share from Stockland for $322 million.</p><p>The development will include the introduction of international and national retailers, an additional mix of specialty retailers, the refurbishment of the fresh food precinct and an expansion of the centre’s dining offerings. </p><p>Related reading: <a href="https://theurbandeveloper.com/articles/amp-appoints-construction-partner-for-quay-quarter-project">AMP Appoints Construction Partner for Quay Quarter Project	</a></p><p>“We are thrilled to announce a significant retail, leisure and entertainment expansion in one of Auckland’s fastest-growing and most populous areas,” AMP Capital portfolio manager Nick Cobham said.</p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/01d3f2ce-65ee-4f29-a5c3-5e425c5b5f64.jpg" width="2000"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Once complete, Botany Town Centre will have earned the designation of “metropolitan zoned hub” as decided by Auckland Council Unitary Plan, which was in response to the future residential growth areas and special housing areas cropping up in the community and the town centre’s ability to cater to the needs of the growing population.</p><p>The expansion will bring Botany Town Centre’s gross lettable area to more than 62,700 square metres, with over 200 retailers.</p><p>Related reading: <a href="https://theurbandeveloper.com/articles/christchurch-earthquake-restoration-project-scores-unesco-recognition">Christchurch Earthquake Restoration Project Scores UNESCO Recognition</a></p><p>Naylor Love construction was appointed as the main contractor for the project and will look to begin work this month, with an expected completion target for May 2019.</p><p>As one of New Zealand’s biggest real estate fund manager, AMP Capital Shopping Centres has over A$10 billion in assets under management in a portfolio of 30 shopping centres in Australia and New Zealand, including Botany Town Centre and Manukau Supa Centa in Auckland, Bayfair Shopping Centre in Tauranga, and The Palms in Christchurch.</p></div></div></div></div></div>

Westfield Auckland

<div class="row" data-reactroot=""><div class="cell cs12 cx12"><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p><strong>Scentre Group, the ASX-listed owner of Westfield Shopping Centres in Australia, is pouring hundreds of millions of dollars into the redevelopment of Westfield Newmarket, in Auckland’s CBD.</strong></p><p>Scentre commenced its $733 million (NZ$790 million) redevelopment on Friday, with the aim to build a dominant centre in the “heart of Auckland”.</p><p>Scentre will inject $NZ400 million into the redevelopment. Westfield Newmarket is half-owned by Singaporean giant GIC Real Estate, which will also be funding its share of the project.</p><p>Incorporating multiple sites over four and half hectares, the Broadway site will be home to Auckland’s first David Jones department store, a new format Farmers department store, Countdown supermarket and more than 230 new specialty stores.</p><p>Related reading: <a href="https://theurbandeveloper.com/articles/scentre-westfield-confirms-guidance">Scentre Group Lifts Half-Year Net Profit to $1.4 billion</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/668ef612-5a31-4967-80c6-30782d902d59.jpg" width="1200"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>Ahead of its recent closing for redevelopment, earthworks and demolition works have been underway since November. </p><p>The David Jones store will be the second in New Zealand since opening their first store in Wellington in 2016.</p><p>Related reading:<a href="https://theurbandeveloper.com/articles/grocon-aqualand-and-scentre-announced-as-developers-of-final-piece-of-barangaroo"> Grocon, Aqualand and Scentre Announced as Developers of ‘Final Piece’ of Barangaroo</a></p></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><div><picture><img src="https://tud-prod-tudmedia-oj9w2zshuo0o.s3.amazonaws.com/raw/images/886cf31e-4168-48b9-8c1e-847a2a81610e.jpg" width="1200"/></picture><div></div></div></div></div></div><div class="row ci"><div class="cell cs12 cx12"><div class="ci cl"><p>The new Westfield Newmarket will have a gross lettable area of 88,150 square metres and is due for completion in the fourth quarter of 2019.</p><p> “We’re incredibly excited to be embarking on the transformation of Westfield Newmarket in collaboration with our joint venture partner, GIC,” Scentre Group chief operating officer Greg Miles said.</p><p>Related reading: <a href="https://theurbandeveloper.com/articles/scentre-westfield-sales-up">Food Retail Offsets Department Store Slump for Scentre</a></p><p>“Westfield Newmarket will become the flagship “living centre” for the Group’s New Zealand portfolio and set a new benchmark in extraordinary retail and lifestyle destinations.”</p><p>Scentre Group has been divesting itself of other New Zealand investments in the last couple of years in order to concentrate on its most profitable locations. </p></div></div></div></div></div>

AUCKLAND