{"id":332245,"date":"2026-03-16T12:00:09","date_gmt":"2026-03-16T12:00:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/332245\/"},"modified":"2026-03-16T12:00:09","modified_gmt":"2026-03-16T12:00:09","slug":"wilson-parking-to-turn-derelict-albert-st-lot-into-67-space-carpark","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/332245\/","title":{"rendered":"Wilson Parking to turn derelict Albert St lot into 67-space carpark"},"content":{"rendered":"<p class=\"dmpeAfkwcv\" style=\"display:none\">A 167m office tower was once planned for the site in a design by Ignite Architects. The site is behind what was once called the West Plaza.<\/p>\n<p><img  alt=\"There are plans for Wilson Parking to operate the site at 5-15 Albert St in central Auckland.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>There are plans for Wilson Parking to operate the site at 5-15 Albert St in central Auckland.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\"><a href=\"https:\/\/businessdesk.co.nz\/article\/editors-picks\/fail-file-ryan-orchard-wilson-parking-ceo\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/businessdesk.co.nz\/article\/editors-picks\/fail-file-ryan-orchard-wilson-parking-ceo\">Orchard<\/a> said the upgrade came at a time when Auckland\u2019s CBD was experiencing a resurgence in activity.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">\u201cWe welcomed the opportunity to work with M&amp;L Group to activate this centrally located site and transform it into a premium carpark.\u201d<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">The two businesses had worked with Auckland Council to get consents, Orchard said.<\/p>\n<p><img  alt=\"Ryan Orchard, CEO of Wilson Parking.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Ryan Orchard, CEO of Wilson Parking.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">\u201cWe\u2019re looking forward to delivering 67 additional high-quality parking options for Aucklanders.\u201d<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">The site will be asphalted, have mature landscaping and public seating along the Albert St frontage, he said.<\/p>\n<p><img  alt=\"As it was in 2011: the former Yates Building sat between Link House and the Food Alley food court on the corner of Albert St and Wolfe St. Photo \/ Greg Bowker\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>As it was in 2011: the former Yates Building sat between Link House and the Food Alley food court on the corner of Albert St and Wolfe St. Photo \/ Greg Bowker<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">Improved lighting and CCTV security were also planned.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">Works would significantly improve the site, Orchard said, describing the changes as a pragmatic and positive interim use of the land. <\/p>\n<p><img  alt=\"The site between Albert St, Federal St and Wolfe St in Auckland's CBD. There are plans for 67 car parks there by Wilson Parking.\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>The site between Albert St, Federal St and Wolfe St in Auckland&#8217;s CBD. There are plans for 67 car parks there by Wilson Parking.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">\u201cWith City Rail Link works now complete and Albert St becoming increasingly accessible, this is great timing for Aucklanders.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">\u201cAs businesses continue to welcome people back to the office and foot traffic increases, the new carpark will provide a convenient and accessible option for customers visiting this part of the central city,\u201d Orchard said.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">Car parks were scheduled to be available from May. <\/p>\n<p><img  alt=\"Food Alley and the gift shop on Albert St were demolished by Ward Demolition. Photo \/ Ward Demolition\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Food Alley and the gift shop on Albert St were demolished by Ward Demolition. Photo \/ Ward Demolition<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">Wilson is New Zealand\u2019s largest private parking provider.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">The land is the flattened former site of the Asian Food Alley and Yates building.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">Earlier this decade, most of its buildings were <a href=\"https:\/\/www.nzherald.co.nz\/business\/demolition-of-albert-streets-pigeon-infested-building\/IYFSRNIY6GU2Q7OVYD2IHVFLWY\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/business\/demolition-of-albert-streets-pigeon-infested-building\/IYFSRNIY6GU2Q7OVYD2IHVFLWY\/\" target=\"_blank\">demolished<\/a> and the block was fenced with barbed wire on top to bar entry.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">M&amp;L is owned by Singapore\u2019s Kum family, which also owns Auckland\u2019s Hilton Hotel.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">In 2024, Auckland Deputy Mayor Desley Simpson <a href=\"https:\/\/www.nzherald.co.nz\/business\/companies\/construction\/ex-food-alley-yates-site-on-albert-st-in-auckland-cbd-stays-empty-fenced-singaporeans-ponder-future\/OJYYVGGL2NASZMN2H4DSUTJBYY\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/business\/companies\/construction\/ex-food-alley-yates-site-on-albert-st-in-auckland-cbd-stays-empty-fenced-singaporeans-ponder-future\/OJYYVGGL2NASZMN2H4DSUTJBYY\/\" target=\"_blank\">said it was very sad the site had been left in that state for so long<\/a>: \u201cAuckland deserves better,\u201d she said of the 4371sq m block.<\/p>\n<p><img  alt=\"The Albert St site where buildings have been demolished in the central city. Photo \/ Chris Keall\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>The Albert St site where buildings have been demolished in the central city. Photo \/ Chris Keall<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">One Aucklander contacted the Herald this month to say work had suddenly started at the site.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">He expressed unhappiness at how the owners had left it for some years.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">\u201cI think it is neglectful of the owners to have left the site in such a decrepit state for this period. It\u2019s an eyesore.<\/p>\n<p><img  alt=\"The former Yates Building, once between Link House and the Food Alley on the corner of Albert St and Wolfe St in Auckland's CBD. Photo \/ Brett Phibbs\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>The former Yates Building, once between Link House and the Food Alley on the corner of Albert St and Wolfe St in Auckland&#8217;s CBD. Photo \/ Brett Phibbs<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">\u201cThey could have installed attractive screening around the site to make this prime inner city site not show off as an abandoned wasteland. I am surprised the council do not have a beauty requirement for developers,\u201d he said.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">Action on the site included a large pile of rubble being removed.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">M&amp;L Group says its assets include Hilton Auckland, Chateau on the Park DoubleTree by Hilton in Christchurch and many Australian hotels, including Swissotel Sydney, Hyatt Regency Sydney, Hilton Melbourne Little Queen St and DoubleTree by Hilton in Melbourne.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">The family investment firm\u2019s name comes from founders Michael and Lynda Kum.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">It is active in hospitality, healthcare, shipping and other sectors.<\/p>\n<p><img  alt=\"Wilson Parking is New Zealand's biggest private car park operator. Photo \/ Sylvie Whinray\" class=\"article-media__image responsively-lazy\" data-test-ui=\"article-media__image\"\/>Wilson Parking is New Zealand&#8217;s biggest private car park operator. Photo \/ Sylvie Whinray<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">Wilson Parking New Zealand\u2019s latest available annual report for the year to June 30, 2025 is on the Companies Office website.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">That showed it made a $15.5 million net profit in 2025, down from $22.8m the previous year.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">Revenue rose from $239m to $243m. However, employee costs also rose from $103m to $115m, pushing down the net result.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">The New Zealand-incorporated company has $339m in total assets and is chaired by Raymond Ping Luen Kwok.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">The New Zealand business says it has more than 200 car-parking operations, offering space for more than 30,000 vehicles a day.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">\u201cWilson Parking started off as a family business with one carpark across the Ditch in Perth, Australia in 1962. The subsequent years saw rapid growth and we opened our first carpark in New Zealand in 1985.<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\">\u201cFast-forward a few years to today and we have become a household name and are the largest parking provider in New Zealand and, best of all, we continue as a family-owned business.\u201d<\/p>\n<p class=\"dmpeAfkwcv\" style=\"display:none\"><a href=\"https:\/\/www.nzherald.co.nz\/author\/anne-gibson\/\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/author\/anne-gibson\/\" target=\"_blank\">Anne Gibson<\/a> has been the Herald\u2019s property editor for 26 years, written books and covered property extensively here and overseas.<\/p>\n<p>Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our <a href=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\">Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"A 167m office tower was once planned for the site in a design by Ignite Architects. The site&hellip;\n","protected":false},"author":2,"featured_media":332246,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[178383,10049,178386,3952,1561,8613,138,26665,3088,86209,23778,178385,20588,296,178384,4462,3180,111,139,69,13692,30205,2171,18988,26699,11420,61,664,6845,6038],"class_list":["post-332245","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-67space","tag-albert","tag-alleyyates","tag-aucklands","tag-bay","tag-billion","tag-business","tag-carpark","tag-commercial","tag-derelict","tag-empty","tag-exfood","tag-hong","tag-into","tag-kongheadquartered","tag-lot","tag-near","tag-new-zealand","tag-newzealand","tag-nz","tag-offer","tag-parking","tag-plans","tag-sites","tag-spaces","tag-st","tag-to","tag-turn","tag-vehicle","tag-wilson"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/332245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=332245"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/332245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/332246"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=332245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=332245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=332245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}