I bet this never gets built inside 10 years

Buying expensive property in New Zealand is easy if you know the game.

Simply buy – make your application to the OIO stating that you intend to invest millions, develop – blah, blah, etc – and then sit back and do sweet FA.

The key to buying when an OIO approval is needed – is to do enough to tick the boxes and convince people you intend to develop.

But the thing is – hardly any ever do. Like the Victoria St Bungy site. Not a smidgen has happened since they applied for Resource Consent. No sales. No building design work. No tendering. Zip razoo.

Of course Len Brown cracked a woody about that site but he couldn’t tell the difference between a con and something realistic.

A record-breaking new skyscraper is planned for Auckland.

The Weekend Herald can reveal detailed plans for “Customs Residential” – a spectacular 50-storey building in the heart of the CBD.

At an impressive 192m, the only part of the cityscape taller than the Customs St monster would be the top of the iconic SkyTower, which stands at 328m and is the tallest structure in the Southern Hemisphere.  

The ambitious high rise would still set a new benchmark as the tallest office or residential building in New Zealand.

The cost of the project is unknown, but plans show it is taller than both the $675 million One Mills Lane office block planned for Albert St and the $681 million Commercial Bay tower, tagged as the country’s most expensive office development.

A comprehensive resource consent application, including architectural drawings and an assessment of environmental effects, has been filed with Auckland Council.

If the project gets the green light, it will redefine the Auckland skyline.

So when will these purported buildings get developed? We are amidst a boom and at least a sales process with advertising and all that sort of carry on might be the signs that would confidently portray that the land owners are genuine.

But nothing is going on. And that’s because it’s all a con. The sites are nothing more than speculative land banking exercises dressed in a tutu.

Which is why I say this latest proposal is a load of horse shit.

And why the Herald is pimping the stories for the land owners.

 

– NZ Herald


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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