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$53m Apartment Development Set For Ahuriri Napier

Construction of $53 Million Apartment Development at Port Ahuriri, Napier to begin in July

Having gained resource consent, construction of Napier’s first purpose-built waterfront apartment development is scheduled to begin this July. The West Quay development, designed by leading architects Craig Craig Moller, will comprise 103 apartments on Port Ahuriri’s West Quay.

The development is being undertaken by Globe Holdings, the company responsible for ‘The Waterfront Seatoun’ and ‘Latitude 41’; a waterfront development on Nelson’s Wakefield Quay.

“Waterfront sites are becoming increasingly scarce as New Zealanders recognise the premium such property can command. This has resulted in significant interest in the development with 50 apartments, valued at over $25 million, either already sold or under contract,” says Andrew Fawcet, Director of Globe Holdings.

“Given the special characteristics afforded by the site’s expansive harbour views, the innovative design and quality of the materials we have specified, and the features incorporated into West Quay; the interest shown to date is in line with expectations and highlights the inherent value in this development.”

Globe Holdings objective for West Quay was to make the most of the harbourside site with views through the marina to the sea and create a relaxed environment that will suit a variety of lifestyles.

The development complex contains four separate but integrated buildings. Those familiar with maritime history will be aware that the development’s buildings take their names from ships associated with the area; HMS Veronica, Lorna Doone, The Frank Guy, and The Northumberland.

The design incorporates a large outdoor plaza with a central swimming pool, and on-site facilities include a gymnasium, café restaurant and beauty spa, to meet the needs of intending owner-occupiers and those wanting a weekend retreat in the Hawkes Bay.

One, two and three bedroom apartments are available, with the design giving careful consideration to the privacy of the owners. Each apartment has its own secluded, outdoor area and secure undercover carpark; with two carparks for the larger two and three bedroom properties.

The apartments range in price from $285,000 for a one-bedroom Northumberland apartment up to $965,000 for a three-bedroomed HMS Veronica apartment.

Globe Holdings’ developments have been recognised for the high quality of their design and architecture and have won two prestigious awards recently; the ‘NZIA 2003 Wellington Urban Design Award’ for The Waterfront Seatoun development; and the ‘NZIA Resene Local Award for Architecture in Multiple Housing for the Inner City’ Croxley Mills apartments on Frederick Street, Wellington.

Other current Globe Holdings developments include Latitude 41 on the Nelson waterfront, Coburg in Remuera, Auckland; The Summit, an apartment development on Molesworth Street in Thorndon, Wellington; The Waterfront Seatoun; and Croxley Mills, on Fredrick Street, Wellington.

Craig Craig Moller, the architectural practice chosen for West Quay are known for their work which includes the Wellington Airport terminal, Victoria University’s School of Architecture building, Auckland’s Sky City, the Macau Entertainment Centre, Wellington’s Mary Potter Hospice, The Point apartments in Auckland’s Viaduct Basin, and the redevelopment of the Municipal Building in Wellington’s civic square.

Hawkes Bay real estate specialist Simon Tremain of Tremain Real Estate will shortly begin marketing the West Quay development in conjunction with Globe Holdings.

“Achieving contracts for sale of over $25 million at this point, before we go to market or begin construction is a vote of confidence for both Napier and the wider Hawkes Bay property market,” Mr Fawcet said.

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