In November 2003, Cooper and Company entered into detailed negotiations with the Auckland City Council as the Council’s preferred developer to undertake the makeover of Auckland’s downtown waterfront area, known as Britomart. In March 2004, Cooper and Company secured the project ahead of rival developers – as a result of the successful completion of negotiations with the Council. In addition to this, Cooper and Company also purchased the land adjacent to Britomart, known as the Oriental Markets.
The agreement with Council provides for a construction period of up to 11 years. Cooper and Company's intention is to develop, actively manage and own Britomart for the long term.
The 5.2 hectare Britomart Precinct is located on Auckland’s waterfront and had been left mostly derelict for over 30 years. The master plan for the $350 million transformation of Britomart will see 17 heritage buildings renovated and 6 new buildings emerge to create a new precinct incorporating a variety of retail, lifestyle, commercial and residential uses. This mixed-use strategy will be sustained by the interaction of commuters, shoppers, tourists, inner city and suburban residents.
The plan for the site creates a quality low-rise heritage based precinct, which is integrated with the existing Britomart Transport Centre and is a vibrant, safe place for Aucklanders to live and work in.
Cooper and Company also manages the Mountain Landing development in
the Bay of Islands.
For more information visit www.mountainlandingnz.com