Auckland’s newly-built Takinini Village was crowned best in retail property at the latest Property Council of New Zealand awards. The village was created on rural land to satisfy the area’s need for a retail development and was completed in 2014.
The Property Council of New Zealand Rider Levett Bucknall Property Awards were held last week.
Ten developments were vying for the RCG Retail Property Award.
These developments were:
- 45 Queen Street Podium Redevelopment (Auckland)
- 819 Colombo Street (Christchurch)
- Auckland Council Customer Service Centre (Auckland)
- Bureta Park (Tauranga)
- Countdown Bridge Street (Hamilton)
- Millwater Central (Auckland)
- Nichols Garden Centre (Dunedin)
- Rolleston Square East (Christchurch)
- Takanini Village – Stage 1 (Auckland)
- Upper Queen Street Development (Nelson)
The awards were decided by evaluating which property had the most outstanding use of capital, as well as project design, innovation and construction.
Takinini Village was victorious.
The development was completed in 2014 and comprises food, retail and beverage, medical and office space on 2.9 hectares of land.
Some of the shops in its offering include Unichem, Warehouse Stationery and House of Travel.
The development was developed to meet demands for a quality retail offering in a rural area.
Plans for stage two of Takinini Village include a possible train station and library, as well as more residential housing.
Millwater Central in Silverdale, Auckland also received a merit award for Broadway Property Group’s new 2800 square metre development.
The development opened in March this year and has a mix of retail shops and professional services.
AMP Capital’s redevelopment of 45 Queen St Podium was also recognised with a merit award.
The development is home to 1500 square metres of luxury retail in the CBD, including Christian Dior, Prada and Swarovski.
The other merit award winner, Queen St Industries, got an award for its 11,000 square metre upper Queen St development in Nelson.
It replaced big box retailing with mixed-use retailing so that a greater variety of hospitality, office and service tenants could inhabit it.