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

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Gregor Thompson 04 Jul 2025
The business born battling Vector connection contracts
Property

The business born battling Vector connection contracts

'Pretty on the nose': Developers challenge Vector's hefty fees.

Garth Bray 04 Jul 2025
Formcrete Construction owes $7.4m as liquidation unfolds
Property

Formcrete Construction owes $7.4m as liquidation unfolds

A large chunk of the debt is shareholder loans.

Riley Kennedy 03 Jul 2025