Million-dollar dumps: The Auckland car park worth $82.5 million
Downtown Auckland is going through huge transformation with its various streetscape and transport projects. But in stark contrast, several plots of land worth hundreds of millions of dollars have sat as car parks since buildings were knocked down in the 1980s.
The Elliott St car park sits on a 4417 square metre plot of land, valued at $82.5 million.
The land has sat undeveloped as a car park - where an hour will cost you $19 - since the Royal International Hotel was demolished in 1987.
It was purchased by Singapore company NDG Asia Pacific (NZ) Limited for $53m in 2012, and in 2017 the company was given approval by the Overseas Investment Office to build and operate a 52-storey, five- star Ritz-Carlton Hotel, with 300 guest rooms, four floors for hotel facilities, six for retail and five for car parking.
The development is expected to cost $350m, with the start of construction dependent on the completion of City Rail Link. However, the resource consent for the tower is due to expire in October.
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Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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79.8% Yes! It's better to regift what I don't need
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20.2% No. It's the thought and effort that matters
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Age Well Kiwi
We are a new support group for seniors. We meet once a month to share our experience and discuss our challenges & concerns.
With the growth of our ageing population, and more seniors living alone, this group would explore and advocate/address the social, emotional and physical needs of our seniors, and promote positive and healthy ageing.
We meet on the first Saturday afternoon of the month in Mt. Roskill. Our next meeting will be 3 Jan 2026.
If you are interested in joining us and contribute your ideas, knowledge, experience, talents and resources, we would love to hear from you. Please contact us at agewellkiwi@gmail.com.
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