Tribunal ups City Rail Link compensation to Samson Corp

Tribunal ups City Rail Link compensation to Samson Corp
The City Rail Link must pay more compensation for the shops owned by Samson Corporation.
Victoria Young
In a test case, the Land Valuation Tribunal has increased compensation to the wealthy Friedlander family for work associated with the City Rail Link (CRL) in Auckland.It has also given guidance, saying the owners of properties that have the rail tunnel running below it could get payments of between 5% and 10% of their capital value.This would mean Auckland Council and the government will have to fork out about $400 million at the top of the range of 10%.The CRL is a 3.45km underground twin rail tunnel that will allow Auckland’s rail netwo...

More Property

Wolfbrook buys Du Val property management business
Property

Wolfbrook buys Du Val property management business

But property owners want the same favourable terms they had under Du Val.

Infrastructure fund benefits 'oversold' – developer
Infrastructure

Infrastructure fund benefits 'oversold' – developer

Developers outline problems with projects supported by a slow-going fund.

Garth Bray 19 Feb 2025
Digitising a property's development potential
Property

Digitising a property's development potential

For $49, a new service creates an instant report on what you can do with your section.

Maria Slade 19 Feb 2025
Slow start for $1b infrastructure accelerator fund
Infrastructure

Slow start for $1b infrastructure accelerator fund

Kāinga Ora will hand over administration of a $1b fund with most of it unspent.

Garth Bray 18 Feb 2025