Kiwi Property gets fast-track approval for Drury town centre development
Kiwi Property Group Limited announced it has secured Fast-track Approvals Act 2024 approval for Stage 1 and Stage 2 of its Drury Metropolitan Town Centre project. This milestone enables the company to advance one of New Zealand's key mixed-use developments, poised to become a vibrant metropolitan hub in South Auckland featuring retail, commercial, and residential spaces with integrated transport and public amenities.
According to chief executive Clive Mackenzie, this approval is a "major milestone" for Kiwi Property and for South Auckland, allowing the creation of a "thriving town centre" with world-class retail, office spaces, new homes, and essential infrastructure. The approval specifically covers changes to Stage 1 and full consent for Stage 2, which includes subdividing Stage 1 land, enabling earthworks, and constructing shops, offices, homes, and community spaces on Stage 2 land, alongside essential infrastructure like roads and car parks.
Stage 1 earthworks are complete, with civil works currently underway. Kiwi Property is committed to engaging with local communities and iwi to ensure the development supports sustainable growth and reflects shared aspirations.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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