A new $234 million town centre is planned for Massey after one of the country's largest property investors got its acquisition of land approved by Government officials.
Monday, April 4th 2005, 8:12AM
by The Landlord
Australian-controlled AMP NZ Property Developments has just got Overseas Investment Commission clearance to buy 15ha of rural land leased for strawberry farming on State Highway 16 from the Midgely family of West Auckland.
Auckland's expanding population is pushing on the city's urban limits to such an extent that the land, which is zoned for rural uses, has been earmarked for a new township where thousands are expected to live.
The new town centre is part of a push to solve Auckland's land crisis, after it was found last year that the city was fast running out of room for business and commercial uses.
AMP told the commission the new centre would be "along similar lines to the Botany Town Centre," its $234 million flagship shopping centre on 17.6ha in Manukau City.
AMP also compared the project to its vast Northwood Supa Centa in Christchurch and Manukau Supa Centa in Auckland.
