By ANNE GIBSON property editor
The Starline Group plans a $75 million office and carpark development near the former Auckland Railway Station.
Spread across 3.3ha, it will be called East on Quay.
Starline development manager Brian Sutton said the three five-storey office blocks would be worth $60 million.
A six-storey 540-space carpark would be valued at an estimated $15 million.
A large curved apartment/office block was also planned for the site, pending granting of a resource consent.
Mr Sutton said the Auckland City Council had granted resource consent for the carpark and three office blocks making up the first stage of the project.
Starline's block of land is on the seaward side of the former railway station.
It is bounded by Beach Rd, Tinley St, Quay St, Tapora St and Mahuhu Cres.
It is beside the Quay Park site that the city council has earmarked for a new $100 million indoor arena.
Starline had hoped to begin building East on Quay in December.
It has yet to set a starting date despite pre-letting some of the office space.
Meanwhile, Starline has claimed a property record for buying land, on the Whangaparaoa Peninsula, north of Auckland.
Starline's Brett MacLean said that late last year the company paid "more than $50 million" for 100ha of land at Gulf Harbour.
"That makes it the largest property transaction in the past 12 months," Mr MacLean said.
The agent for the deal, Bruce Whillans, of Bayleys Real Estate, agreed that the payment set a new benchmark.
Mr MacLean said that the price was more than the $55.6 million that Bass Hotels and Resorts paid to AMP NZ Office Trust for the Wellington Parkroyal.
But he would not reveal the exact amount in the Gulf Harbour deal.
Starline bought its land from Singaporean developer Goh Cheng Liang, who owns the marina, golf course, hotel and housing development at Gulf Harbour.
The deal involved most of the land zoned for 2300 housing sections.
Starline's activities have also included a swap with listed Trans Tasman Properties.
It traded the lease on 22,000sq m near the Viaduct Harbour for the DEKA building in Hamilton and Eagle Technology House in Wellington.
Jamie Peters is Starline's managing director but the principals of the company include family members Matthew, Jason and Megan Peters.
www.myproperty.co.nz
$75m boost planned for old Auckland railway site
AdvertisementAdvertise with NZME.