This article is from the Australian Property Journal archive
Multiplex NZ yesterday lodged application with Auckland City Council for consent to build new corporate premises for Bank of New Zealand that will radically change downtown Auckland.
The proposed development will occupy the site in Auckland’s CBD bordered by Queen Street, Shortland Street, Fort Street and Jean Batten Place.
The development proposal includes the integration and restoration of the Jean Batten Departmental Building following agreement on the proposed design with New Zealand Historic Places Trust, the statutory body responsible for heritage protection in New Zealand.
Bank of New Zealand spokesperson Bruce Stockwell said the agreement between BNZ, Multiplex and NZHPT is a positive step in securing a new life for the historic building, and paves the way for a new contemporary office tower highly suited to Auckland’s financial precinct.
Agreement on the future of the site concludes months of consultation between Council and the parties and brings to an end the moratorium previously agreed between Council and Bank of New Zealand.
“Bank of New Zealand and developer Multiplex have worked closely with NZHPT and Council to preserve the building’s heritage value for the benefit of Auckland City,” Mayor Dick Hubbard said. “This is a win for the City, heritage interests and Auckland’s corporate future, bringing new life to an otherwise tired city block and downtown Queen Street.”
Work is due to commence in July 2006 subject to consent approval.
“The project will be a magnificent addition to Auckland’s CBD and complements other urban planning initiatives,” Multiplex managing director, Property, NZ Peter Wall.
By Adam Parsons
