Property

Council green lights Kiwi Property's Drury plans

Brent Melville
Fri, 06 May 2022

Council green lights Kiwi Property's Drury plans

Drury East is slated for as many as 22,000 new homes in coming years. (Image: supplied)

Brent Melville
Fri, 06 May 2022

Kiwi Property Group has received the go ahead for its multi-billion dollar planned community in Drury East, paving the way for more than 4,000 new homes and retail in the south Auckland township.The NZX-listed property group, which owns and manages about $3.2 billion worth of property including the country's largest retail centre at Sylvia Park, said work will get underway shortly following the earthworks consent by Auckland council.The company progressively acquired the 53 hectare site during 2017 and 2018, paying an estimated $50 million....

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close

Meridian leads NZ stocks higher

Dan Brunskill | Wed, 18 May 2022

Meridian Energy led the market higher, jumping 4.7% to $4.65, after sharing a positive operating report for April.

Primary Sector

Another class action against A2, this time in Auckland

Rebecca Howard | Wed, 18 May 2022

The opt-in class action has been filed in the Auckland High Court and already includes one financial institution.

Infrastructure

Argosy's property income slips as portfolio's value rises

Jenny Ruth | Wed, 18 May 2022

Argosy will pay out more in dividends than adjusted funds from operations, as foreshadowed a year ago.

Partner content

What’s driving the ram raids, and what shop owners can do

Scott La Franchie explains the motivations behind the spate of burglaries.

Partner content

Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Council green lights Kiwi Property's Drury plans

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team