Wilshire Group Forges Ahead With Richmond Development

19 December 2016

Wilshire Group Forges Ahead With Richmond Development

Auckland residential property developer Wilshire Group is forging ahead with its Richmond housing development in Mount Wellington, with over 50 unconditional sales in just 12 weeks.

“We are committed to being a long-term developer of affordable, quality homes for Aucklanders. The sales we’ve achieved to date total about $44 million so we’re looking at an average sale price of under $845,000,” says Christie Wrightson, Wilshire’s Sales Manager.

“In addition to those sales, our bank funding is in place and we have signed building contracts locking in our construction costs so we are full steam ahead.”

The first homes in stage one will be completed in the early 2017.

Wilshire GM Development, Mark Peldmanis, says the company is also well underway on the next stages of the development, which will ultimately comprise 600 to 700 homes by around 2020.

“Site works are now complete on stage two and different architects for several stages have been appointed to add variety and different designs.”

Architects involved in the project include AStudio, Isthmus, Brewer Davidson, Opus, HMA, Context and Sills van Bohemen, with masterplanning carried out by Isthmus.

Wrightson says the housing in Richmond Stage 1 ranges from two-bedroom terraced houses priced from $680,000 up to five- bedroom family homes from $955,000.

“We’re creating a vibrant community with well-landscaped open spaces and a range of interesting and well-designed housing.”

With Richmond forging ahead, Wilshire is now actively seeking more residential development opportunities across Auckland, with the aim of delivering 300 new homes a year.

ends

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