AUCKLAND'S BIGGEST WATERFRONT RESIDENTIAL SITE: • 1.5ha of waterfront land with 16 separate street addresses • Owned by a company whose directors include Berridge Spencer • He is a member of one of NZ's richest families: $720m fortune • Fortune from the Caxton paper empire but now in diverse interests • New Auckland house planned for Berridge and Olivia Spencer • Spencers also own historic Man O'War property, Waiheke Island A mansion is set to rise on one of Auckland's most scenic waterfront spots on a site featuring 16 separate street addresses - with one real estate industry expert saying its land value alone would top $50 million. Plans obtained by the Weekend Herald have revealed the future face of a 1.5ha Stanley Pt property near Devonport - including the demolition of an old residence, a stately new "English-cottage style" home, two jetties and a boat shed as big as a small house fronting the magical secluded Secret Cove on Ngataringa Bay. The home, surrounded by groves of native trees teeming with native bird live, will be extremely secluded and private and face the northeast. Much of the land has been in the wealthy Spencer family for three generations, initially in the hands of Berridge Spencer snr, whose son John Spencer died earlier this year in Britain. Plans for the pending development were submitted to Auckland Council by Wendy Baverstock of planning and resource management consultancy Isle Land. The plans show the 16 addresses owned by one entity. The NBR Rich List says the Spencer family is one of the country's richest, estimating its wealth this year at $720 million. Now, a company whose directors include the John Spencer's son, businessman Berridge Spencer - listed by the Companies Office as living in Surrey, England - has made a resource consent application, assessed as not needing notification. Tokoeka Properties, of which Berridge Spencer is a director, has applied to build on the 15,428sq m site, vast in a city where plots as small as 300sq m are sometimes developed into three-bedroom houses with two-car garages. Tokoeka also owns properties in the name of McLeod and Albon, Baverstock's document showed.
"The Spencers have proven themselves fearsome protectors of great trees"Serjeant wrote that demolition of the existing house would "have no adverse impact on heritage values given its highly modified nature and limited historic heritage character". Tree removal would be mitigated by replacement planting, he said. Discretionary activities include extending a driveway into the rootzone of a protected tree, site works exposing 2421sq m of bare earth, demolishing an existing house and establishing four new dwellings on the site, Serjeant's report said. The Weekend Herald approached Baverstock seeking comment from her client, but had not received that at press time.