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Whenuapai Village West

Oyster Capital, BNZ & Capital Group
Cuekso_Lines

CLIENT:

Oyster Capital, BNZ & Capital Group
VALUE:
$80 million (incl. land)
COMPLETION:

Stages 1-6 completed, 2015 to 2020
Stage 7 – Due April 2021
Stage 8 – Due April 2022

REFERENCE:

Available on request

PROJECT DESCRIPTION

Whenuapai Village is a 31.4 hectare sub-division located on Auckland’s Whenuapai peninsula, between Dale Road, Totara Road and Brigham Creek Road.

It was New Zealand’s first development to concurrently receive Resource Consent as a ‘Qualifying Development’ under the Housing Accords & Special Housing Areas Act 2013, along with Plan Variation under the Proposed Auckland Unitary Plan, to re-zone the area from “Future Urban” to “Mixed Housing Urban”.

The site will be developed over 8 stages, creating 650 residential lots, a town park and neighbourhood park, reserves, as well as an interconnected network of public roads, stormwater system and other infrastructure.

Cuesko’s role on the project is to act as Bank QS for the primary and mezzanine funders (BNZ and Capital Group) along with supporting the Developer (Oyster Capital).

The challenges on the project include:

• Ensuring that each stage of the development is delivered within budget, prior to subsequent stages receiving funding approval, and

• Determining an appropriate level of contingency for each stage, to cope with unforeseen ground conditions inherent with civil engineering projects that involve significant bulk earthworks and below-ground services.