\u201cThese apartments will be individually rented,\u201d he said, describing plans to unload units individually on to the market.<\/p>\n
Ockham Residential and five-iwi collective Marut\u016b\u0101hu have developed the red Whet\u016b apartment block at Pt Chevalier in Auckland. This is on former Unitec land. Photo \/ Ockham<\/p>\n
New units will go from $500\/week for a studio to $700\/week for a two-bedroom place, he said.<\/p>\n
\u201cPeople will be able to move in over the coming weeks.\u201d<\/p>\n
Ockham Residential and five-iwi collective Marut\u016b\u0101hu collective have developed the red Whet\u016b apartment block and the green Toi at Pt Chevalier in Auckland. This is on former Unitec land. Photo \/ Ockham<\/p>\n
Asked when Whet\u016b would be opened, he said Thursday\u2019s event for about 100 people in the common residents\u2019 area of Toi was \u201cfor both buildings\u201d.<\/p>\n
Both buildings have been built by the Marut\u016b\u0101hu-Ockham Partnership<\/a>.<\/p>\n No separate opening for the larger Whet\u016b was planned, he said.<\/p>\n Housing Minister Chris Bishop<\/a> opened Toi on Thursday with Mayor Wayne Brown<\/a>.<\/p>\n CBRE\u2019s Tamba Carleton was at Thursday\u2019s opening. She has found<\/a> Auckland\u2019s apartment market sluggish but the build-to-rent sector busy.<\/p>\n Few projects are planned and many have been shelved.<\/p>\n \u201cMost of the abandonment[s] that have occurred in the past quarter are social housing projects that have experienced significant deferrals,\u201d Carleton found of this year\u2019s first quarter.<\/p>\n The size of the forward-work pipeline had shrunk by 15 projects lately.<\/p>\n In June, the Herald reported on the entire 46-unit Loxley Apartments in Takapuna up for mortgagee sale. The five-level block is at 32-34 Tennyson Ave.<\/p>\n The apartments have never been lived in but are owned by Tennyson GCO, which went into liquidation in April.<\/p>\n The title shows WFT Finance as holding a mortgage over the property, along with a list of other financiers.<\/p>\n Wayne Wright, co-founder and trustee of prominent charity the Wright Family Foundation<\/a> in Tauranga, is listed by the Companies Office as WFT Finance\u2019s sole director.<\/p>\n The family is assessed as being worth $400 million by the National Business Review, with the majority of their wealth derived from the sale of childcare operator Best Start.<\/p>\n The Loxley apartments remain unsold.<\/p>\n Gavin Lloyd of Bayleys is heading a new campaign for sales in the $300m unfinished Seascape apartments in the CBD. <\/p>\n Jillie Clarke, Shundi\u2019s director of sales and marketing, said<\/a> 55 units were unsold on levels eight to 20 and levels 41 to 45.<\/p>\n Clarke said Seascape units for sale are:<\/p>\n Studios from $880,000;One-bedroom and study from $1.6m;Two and three bedrooms from $2.5m+;Sub penthouses with three and four bedrooms from $9.4m.<\/p>\n Some in the sector estimate it could cost $300m to finish Seascape and take three years. <\/p>\n Others hope it will only be about $180m and done in 18 months.<\/p>\n But how much needs fixing before work resumes remains a concern to contractors.<\/p>\n Icon<\/a> is yet to sign the contract to finish the tower.<\/p>\n Extensive remediation of parts of that building will be needed, sources said. <\/p>\n Intumescent coating meant to protect steel was damaged by the building being exposed to the weather for more than a year since construction crews left when head contractor, China Construction, ordered tradies off, a source said.<\/p>\nOckham Residential CEO William Deihl at the opening of the new Ockham-Marut\u016b\u0101hu building Toi, in Pt Chevalier. Photo \/ Sylvie Whinray <\/p>\n
Frank Xu (Shundi), Gavin Lloyd (Bayleys), Tamba Carleton (CBRE) and Jillie Clarke (Shundi) on September 3 at an event to market Seascape apartments in Auckland. Photo \/ Mala Photography<\/p>\n
The opening of the new Ockham-Marut\u016b\u0101hu building Toi, in Point Chevalier. L-R Chair of Marut\u016b\u0101hu Paul Majurey, Mayor Wayne Brown, Housing Minister Chris Bishop, Ockham Residential CEO William Deihl. Photo \/ Sylvie Whinray <\/p>\n
The 46-unit finished Loxley Apartments, 32-34 Tennyson Ave, Takapuna went up for mortgagee sale on June 6, 2025. Photo \/ Colliers<\/p>\n
The 46-unit Loxley Apartments on 32-26 Tennyson Avenue, in Auckland\u2019s Takapuna, has been as a build to rent investment. Photo \/ Supplied<\/p>\n
Plans for the interior of a Loxley unit. Despite attempts to sell in June, the block is still on the market. <\/p>\n
Auckland\u2019s abandoned Seascape tower viewed from floor 34 PWC tower.
\nPhoto \/ Michael Craig<\/p>\nAt the September 3 event to market Auckland tower Seascape (left to right): Oscar McGeorge with Krishna Botica and Tony McGeorge. Photo \/ Mala Photography<\/p>\n
Dizzying heights at Seascape. Photo \/ Sylvie Whinray<\/p>\n
Inside the Seascape apartment tower, via a report of February 26. Photo \/ report from Leader Scaffolding to Auckland Council<\/p>\n