Tamaki project gets $200M govt loan, mandate to build 7,500 Auckland homes

Tamaki project gets $200M govt loan, mandate to build 7,500 Auckland homes
By Jonathan Underhill April 30 (BusinessDesk) - Tamaki Redevelopment Co, a property development venture between central government and Auckland Council, has been given a $200 million loan and a mandate to build 7,500 homes over 15 years, financed via property sales and rent from former Housing NZ tenants. The company, whose directors include John Sax, the founder of Southpark Group, one of Auckland's biggest industrial landowners, and Martin Udale, former chief of McConnell Properties, whose projects include the 188 home Point Ridge devel...