Super Fund, Russell Property to buy 250 ha Auckland site

Super Fund, Russell Property to buy 250 ha Auckland site
Rebecca Howard
The $45 billion NZ Super Fund has joined forces with parties associated with the Russell Property Group to buy a 250-hectare waterfront holding in east Auckland – including Formosa Golf Course land -  but no price was disclosed.There are no immediate plans to develop the land, which consolidates the 170.5-hectare Formosa Golf Course land with an additional 80 hectares at 620 Whitford-Maraetai Road.The Whitford-Maraetai Road site is owned by Pipers Limited Partnership, an associate of Russell Property Group and its investment partners. &nbs...

More Property

Oceania CEO hopes sales cadence eases investor concerns
Property

Oceania CEO hopes sales cadence eases investor concerns

Suzanne Dvorak is "very positive" sales momentum will continue. 

Gregor Thompson 23 May 2025
Budget 2025: Du Val statutory management costs reach $2.35m
Property Property

Budget 2025: Du Val statutory management costs reach $2.35m

Du Val statutory managers’ advances and write-downs detailed in Budget documents.

Garth Bray 22 May 2025
James Kirkpatrick's K Rd development may get reprieve
Property

James Kirkpatrick's K Rd development may get reprieve

Planners have a change of heart on building deemed too big and 'not in keeping'.

Maria Slade 22 May 2025
BRANZ new fire lab 'will give building designers options'
Infrastructure

BRANZ new fire lab 'will give building designers options'

Building facades of up to three storeys can be set alight to see how they perform.

Maria Slade 22 May 2025