Shoebox neighbour for towering Vero Centre

Thursday 3 June 2004

Plans are in hand for three high-rise Auckland apartment towers which would bring an extra 843 units to the inner-city - including one in front of the country's best office block.

By The Landlord

Australian apartment specialist First City Developments yesterday made its latest planning move for its proposed 38-level, 378-unit tower opposite the Vero Centre at 48-56 Fort St.

The tower was approved in 2002 but the company has since bought more land and wants to alter it.

The 21,388sq m tower is planned for a block of land near the intersection of Fort and Gore Sts, rising directly in front of the 40-level, $200 million Vero Centre, New Zealand's tallest office tower and home to a top line-up of tenants in commercial property, including law firms Russell McVeagh and Bell Gully, and stockbrokers Goldman Sachs JBWere and ABN Amro.


Read More - Opens in a new window
Commenting is closed

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer