GYP Properties Limited

AMETI Busway Open Door to Pakuranga Redevelopment

 

13 OCTOBER 2018

AMETI Busway Opens Door to Pakuranga Plaza Redevelopment

Pakuranga-Plaza-Redevelopment
 
 

GYP Properties Pte Ltd (GYPP) is pleased the design plans for the Auckland Manukau Eastern Transport Initiative (AMETI) Eastern Busway have now been made public.

With the release of the revised proposed plans, GYPP chief executive Stanley Tan says the company can now look to finalise its own designs for redevelopment of the Plaza and its four-hectare site.

GYPP has owned the Plaza, which sits at the junction of Pakuranga and Reeves Roads and Ti Rakau Drive, since 2014.

“We have been working on the Plaza redevelopment since we acquired the property, but until we had the final alignments with roading, and the bus interchange location and access points were locked down, it has not been possible to conclude our own designs,” Mr Tan says.

“Masterplans incorporating significant residential and retail buildings together with commercial, accommodation and entertainment activities will be further developed over the coming months. They will be released once the resource consent process, currently anticipated to be sometime in 2019, is underway. However, we are pleased to confirm our three anchor tenants - Countdown, Farmers have renewed their leases and The Warehouse tenure runs through to 2035.

“We look forward to participating in this transformation project from Plaza to Town Centre and on delivering quality housing options with modern retail facilities that focus on services, entertainment and food and beverage, with strong linkages to community amenities.”

GYPP will be engaging with key stakeholder groups and the Howick Local Board over the next few months while its plans evolve.