Shoebox neighbour for towering Vero Centre
Sunday 6 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
Property News
Downward pressures might push investors out
There’s a major housing market downturn coming and it’s likely to reduce the number of investors in the market, according to ANZ economists.
House Prices
House price drops are short-lived - Alexander
Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
Mortgages
Mortgage lending slumps to record low in April
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.
