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.
Click 'read more' for our full story.
Poll: Have you had a pen pal?
With the invention of the internet and mobile phone communication, pen pals seem to be a thing of the past but it was a common practice at one point.
Did you have a pen pal? Where did you meet them? Share below!
-
66.4% Yes
-
33.4% No
-
0.1% Other - I'll share below!
Let's get social
Tell us what groups you'd like to see in your area...(walking groups, coffee meet-ups, swing dancing, a family tree group - anything at all!)
Or if you are already in a great group, share it here for others to get involved.
Hey Neighbours, can you outsmart this riddle?
If two’s company and three’s a crowd, what are four and five?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Loading…
