Eke Panuku

Australians who wanted to sell Auckland and Christchurch malls worth around $300 million earlier this year now plan to expand the northern one by developing ...

The revitalisation of its town centre is a priority for Eke Panuku. We did test market interest but have chosen to remain invested in the asset and are focused on evolving it to meet the needs of our customers. Lendlease first tried to sell back in 2019. Stiassny expressed "our serious concerns at the conflicts of interest on the board of Eke Panuku and the potential impact of those conflicts on the fairness of its process for sourcing and evaluating development proposals". "Onehunga is a critical area for Auckland's growth. [has asked](https://www.nzherald.co.nz/business/perceived-conflicts-of-interest-in-eke-panuku-board-probed-in-pwc-inquiry/6OBOEURZ4SNNVEVIPYDV2IQCR4/) consultant firm PwC to examine the potential conflict of interest allegations levelled at Eke Panuku over land dealings in the city. A Panuku spokesperson said it sold the site to Lendlease in 2019 but that deal has only recently settled. Lendlease said its carpark project plans had been done "in consultation and co-ordination with Panuku" but made no mention of buying the site from the council. "We now have an opportunity for the centre to grow and build on the success it's had over the years and to meet expansion demand from both existing and new retailers," he said. Bowyer said today: "Plans for the expansion have been considered for some time and entering into a development agreement with Eke Panuku is a key step in realising the centre's full potential. Today's expansion announcement is a turnaround on the Lendlease statements in February, saying it was trying to sell Auckland and Christchurch Dress Smarts in a deal expected to be worth around $300m. Matt Bowyer, Lendlease Investment Management retail and logistics head, said a new 7060sq m building was planned for an outdoor area between the centre and Onehunga Mall.