BusinessDesk report by Pattrick Smellie
Welllington property developer Willis Bond has won the contract to build up to 600 residences, the first residential development in the revitalised Wynyard Quarter, on docklands in Auckland near the city’s central business district and the earlier Viaduct project that has brought the city closer to its waterfront.
A survivor during the global financial crisis, Willis Bond developed the up-market Chews Lane apartment project in Wellington, which preserved historical features while building a large residential complex above two historic CBD buildings, as well as Sunderland at Hobsonville Point in Auckland, and Clyde Quay Wharf and One Market Lane, both of which have placed large numbers of apartment dwellers on the waterfront in Wellington.
“Willis Bond will build 500 to 600 homes as part of a mixed use development in the centre of Wynyard Quarter, which will also incorporate 48,000 square metres of new office space and a five star hotel to be delivered by separate developers,” Waterfront Auckland chief executive John Dalziell said in a statement.
“Willis Bond has a strong track record of delivering large-scale, high quality developments in urban and waterfront settings” and followed an 18 month competitive tender process that attracted 20 parties.
The first homes in the central part of Wynyard Quarter are expected to be available to purchase off the plans by late 2014 and once completed, the development is expected to house more than 1,100 residents.