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Sale of Marina Land Stopped (Apparently)


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Hall Farm West, North Auckland.

KGA undertook a geotechnical investigation for a rural residential subdivision on highly undulating land. Geomorphological mapping and aerial photograph interpretation identified many areas of instability including large scale block slide movement. There were also spoil tips from the motorway construction.

Well that bodes well does it not.

Does the OIO ever decline foreign purchase applications or is it just a welcoming rubber stamp organisation for profit hungry aliens.

https://www.linz.govt.nz/overseas-investment/decision-summaries-statistics/2018-09/201720099

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After being defeated at Westpark, looks like Simon Herbert is pushing ahead at Bayswater to "add more value"...

$300m Bayswater Marina housing project launched

Plans to develop part of a site beside an existing Auckland marina and ferry terminal have been downsized from 250 to 121 dwellings after strong local opposition.

Marina owner Simon Herbert's business has applied to Auckland Council to develop 94 terraced homes and 27 apartments in three buildings at Bayswater Marina in a new scheme thought to be worth about $300 million.

Around 350 people could live on the site under the revised plan, the application says.

https://www.nzherald.co.nz/business/bayswater-marina-project-shrunk-from-250-to-121-dwellings-new-300m-scheme-lodged/YV2WG3PLBGDLXPQHUTELEC3IOQ/

 

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