1493617513033 - Fletcher, iwi gets nod for Massey East housing project

Fletcher, iwi gets nod for Massey East housing project

A proposal for nearly 200 homes in Auckland’s Massey has been given the Government’s stamp of approval.

The Overseas Investment Office has cleared Fletcher Building and Ngati Whatua Orakei to buy 9.2 hectares of Crown land for the development on Moire Rd, Massey East.

The approval was necessary because only about 27.5 per cent of Fletcher Building’s shareholders are New Zealand-based.

Previously owned by the Education Ministry, the land is one of a number of sites identified by a government programme to free up Crown land for more housing.

* New housing development for northwest Auckland
* Major West Auckland construction site worries residents

Fletcher and Ngāti Whātua Orakei’s subsidiary will buy the land and Fletcher will develop the site.

Originally, the $130m development was meant to begin late last year with the first homes completed by August this year.

Fifty-nine of the 197 dwellings will be priced “affordably”.

นิพนธ์ สุวรรณประสิทธิ์ 17-07-60 On Business Line & Life

ทีเด็ดของ กรรมการผู้จัดการสถาบันการลงทุน QIQP บล.ไอร่า จำกัด (มหาชน) แนะนำ.