Auckland Council

NZ Super Fund sees potential investment opportunity 'to be significant' with over $1 bln of land and vertical development opportunities over the next ...

If anything there is more likelihood the Superfund will use this as a chance to strip even more revenue out of Auckland, like they tried to do with the light rail scheme. ie This funding would go towards things that the Council should fund, but allowing Council to then continue wasting core ratepayer money on vanity non-commercial projects and social work. If anything there is more likelihood the Superfund will use this as a chance to strip even more revenue out of Auckland, like they tried to do with the light rail scheme. ie This funding would go towards things that the Council should fund, but allowing Council to then continue wasting core ratepayer money on ... Read more This level of indebtedness and growing population can only mean even more stretched infrastructure in future. It would then progress in partnership the urban regeneration plans already agreed with Auckland Council and provide opportunities to partner with others on individual projects. The Superfund seemed more interest in locking in returns for decades, regardless of what the actual need for transit in Auckland was. "All investment decisions will be based on thorough due diligence and made on a commercial basis and in line with set urban development outcomes. Each project is to be considered on a case-by-case basis with NZ Super Fund investments made in line with its commercial mandate. Alas, this sounds like a work around. Secure funding will be injected at the start of development projects, expediting, and providing assurance over, project delivery. All of those things make the Fund an excellent investor for Eke Panuku to partner with,” he said.