Auckland's Wynyard Quarter. Photo: RNZ / Todd Niall
A Singaporean fund manager has made its first ever purchase in New Zealand with the $55 million purchase of a large commercial site in Auckland's Wynyard Quarter.
Property broker JLL said the sale of the 1.7 hectare property to RP Financial was significant for the buyer and Auckland's fast-growing waterfront precinct, with room for further development.
The leasehold site was within Auckland's commercial hub and included the 154‑room Travelodge Hotel, the Wynyard Carpark with 385 spaces, a Countdown Metro supermarket, retail and office space, and the NZ Bus depot.
JLL NZ managing director and head of capital markets Todd Lauchlan said the property at 100 Halsey had existing resource consents for up to 88,000 square metres of commercial mixed‑use gross floor area.
"RP Financial were excellent to deal with. Cashed‑up, decisive, and settled quickly and efficiently," Lauchlan said.
"Their commitment is a strong endorsement of Auckland's ongoing growth story, and we look forward to supporting their future investments here."
RP Financial New Zealand country manager Luke Kinney said it was committed to bringing further international capital into the New Zealand market.
"100 Halsey Street offers immediate income diversification and exceptional potential for future growth within the Wynyard precinct," Kinney said.
"Our plans align with the vision for Wynyard Quarter as a technology‑driven, high‑growth development hub, and we see substantial opportunity ahead."
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