Auckland Council's masterclass in mismanaging asset sales

Auckland Council's masterclass in mismanaging asset sales
Hoping to plug a massive $1 billion revenue gap, 20 reserves are up for sale including Aberfeldy Park.
Damian Light
Asset sales are always a controversial topic, even more so when the asset being sold is a public park. It’s no surprise that emotions will run high when the local park is on the chopping block, so the process must be managed carefully. Unfortunately for Tāmaki Makaurau, Auckland Council has provided us with a masterclass in what not to do. Hoping to plug a massive $1 billion revenue gap, 20 reserves are up for sale and Panuku Development Auckland is the council-controlled organisation (CCO) responsible for managing the proc...

More Property

Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024
‘Unjust’: NZers battle Queensland tax laws
Property

‘Unjust’: NZers battle Queensland tax laws

State of origin battle develops over land taxes Queensland slaps on NZ buyers.

Garth Bray 10 Dec 2024