Auckland's development remains one of the biggest talking points in New Zealand and since 2015 there's been a new big player in town. Panuku Development Holdings was formed by the Auckland Council in 2015 out of the merger of Waterfront Auckland and Auckland Council Properties Limited and it's the owner of a lot of the high value waterfront property.
But what is the oversight of the organisation and why is so much of Auckland's development run by organisations with acronyms very few people know? New Zealand Herald writer Simon Wilson is in to let us know what's going on.
An artist impression of the government's alternative plan for an America's Cup Village, with more bases on Wynyard Point. Photo: Supplied / MBIE
