Shortlist for next phase of redevelopment announced

Tāmaki Regeneration Company announces shortlist for next phase of redevelopment

Press Release

9 December 2016

EMBARGOED UNTIL 11AM

Tāmaki Regeneration Company (TRC) has received a great response to its Large Scale Development opportunity.

In August, TRC issued an invitation for Expressions of Interest for the first phase of a programme to redevelop approximately 1000 existing social homes into approximately 2500 new social, affordable and private market houses in northern Tāmaki.

This includes a development partner responsible for design, delivery and sale of housing; and a partner to provide long-term investment in the rebuilt houses.

TRC chief executive John Holyoake says the calibre of respondents to the EOI was excellent. “We received a really positive response from the market and it was great to see local and international interest in this initial phase of Large Scale Development. The three potential partners that made the shortlist have all put forward really strong expressions of interest.”

TRC’s regeneration programme opens up significant opportunities for developers and long-term investors to contribute to one of Auckland’s highest social and economic priorities.

“The Tāmaki community expects us to create an even better, safer, more attractive place to live, work and raise a family. Our job at TRC is to bring that to life,” Mr Holyoake says.

A Request for Proposals (RFP) will be issued to shortlisted respondents this month, with a closing date for responses of May 2017. The preferred respondent will be announced in September 2017 and construction is expected to get underway in late 2017.

We are pleased to confirm that the three shortlisted respondents are:

• A Ngāti Paoa-lead consortium with support from local and international constructors and financier

• The Tūhono Tāmaki Consortium members are Fletcher Residential, Fletcher Building, Ngāti Whātua Ōrākei Whai Rawa Limited, Programmed FM NZ Ltd, Macquarie Capital (New Zealand) Ltd and Public Infrastructure Partners II LP

• The Exemplar Communities Consortium members are AV Jennings, Capella Capital, AMP Capital, Spotless, Universal Homes and Classic Builders

About Tāmaki Regeneration Company

Tāmaki Regeneration Company, which is jointly owned by the Crown and Auckland Council, is leading a unique urban regeneration programme across the Auckland suburbs of Glen Innes, Panmure and Point England.

TRC took over the ownership and management of approximately 2800 Housing New Zealand properties in Tāmaki on April 1 2016. Working with partners, TRC will transform these 2800 social houses into more than 7,500 new quality homes over the next 15 years.

Covering 170 hectares of prime suburban land, the development will include new social houses,enhanced community amenities, improved infrastructure and place-making initiatives. Social housing tenants who are impacted by redevelopment will have the opportunity to stay in Tāmaki.

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