What we do
We work in many locations across Tāmaki Makaurau to deliver urban regeneration. Urban regeneration is the planning of neighbourhoods and improvement of buildings to strengthen communities and the economy in order to make it an even better place to live.
We work in places where there is an opportunity to build on the existing vitality of a neighbourhood.
Focusing our regeneration in town centres means that homes, offices, shops and eateries are close to public transport, reducing our reliance on cars.
One of our priorities is to increase the number of available homes in Auckland, particularly homes more people can afford and homes for the elderly.
Our challenge is to balance our obligation to make money with ensuring our regeneration projects are good quality, strategic and better for the environment.
Where we work
Our regeneration projects fall in to three categories:
Where we use council land to build more houses, such as Link Crescent in Whangaparaoa.
We don’t build on land directly, instead we work with others such as government, iwi, not-for-profit and private organisations.
We provide them with a strict set of rules, including creating buildings that benefit neighbourhoods and guaranteeing all homes are healthy, energy efficient and better for the environment.
That’s why we insist on Homestar 6 rated homes in all our Transform and Unlock locations.
As well as our urban regeneration projects, we manage properties owned by Panuku and the council while they are not needed.
We buy property on behalf of Auckland Council for public services such as parks and open spaces, and public service projects such as stormwater upgrades. We also purchase land for urban renewal.
Auckland Council buys a lot more land on an annual basis than it sells, to support the growth of the region.
Land is purchased in line with the Auckland Council’s Long-term Plan requirements, which ensures good community outcomes.
We manage property for Auckland Council until it’s needed for a service such as a new road or park. Some are also managed until they’re sold. A number are held for the long-term, including industrial sites, shops, offices, homes, landfills, quarries and marinas.
Right now, we manage a portfolio of more than 2000 assets. This portfolio generates around $68 million for the city each year.
Where Auckland Council leases property for council purposes such as for a library, we also manage the relationship with the landlord.
Council owns properties which vary in quality.
In partnership with Auckland Council, we continuously review its property portfolio. This includes recognising when properties may no longer be required.
Once we identify that a property is potentially no longer needed for its current purpose, we go through a robust, multi-stage process to assess if the council may need it for another purpose, now or in the future.
This involves talking with Auckland Council including local boards, mana whenua groups and the Independent Māori Statutory Board.
If it’s considered not needed, then we propose to the council committee that it could be sold.
All sales must be approved by the Finance and Performance Committee.
Once approved for sale, a property may be offered back to its former owner, sold to a neighbour or sold on the open market.
In certain cases we set conditions on the sale to ensure a good outcome for the community, for example that houses must be built.
We sell properties in our urban regeneration locations in a different way.
Here we select a development partner and provide them with a set of rules, including creating buildings that benefit neighbourhoods and guaranteeing all homes are healthy, energy efficient and better for the environment.
Click here to see properties for sale or lease.