{"id":37580,"date":"2025-09-23T00:17:08","date_gmt":"2025-09-23T00:17:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/37580\/"},"modified":"2025-09-23T00:17:08","modified_gmt":"2025-09-23T00:17:08","slug":"builder-cmp-signs-deal-with-south-koreas-hyundai-ec-for-219-unit-takapuna-apartment-project","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/37580\/","title":{"rendered":"Builder CMP signs deal with South Korea\u2019s Hyundai E&C for 219-unit Takapuna apartment project"},"content":{"rendered":"

The signing ceremony was held last Tuesday with officials from both companies. Hyundai\u2019s newsroom issued a statement on Thursday.<\/p>\n

The project is to be built on the site of the former Colman Brunton building across from the beach.<\/p>\n

\"TheThe signing ceremony on September 16 for Hyundai E&C to develop Takapuna apartments. Pictured are (from left): Hyundai’s Kim Tae-hee, HND Holdings’ founder Yaxun Zhang and CMP Construction CEO Ron Macrae. Photo \/ Hyundai E&C<\/p>\n

Hyundai E&C\u2019s building division head Kim Tae-hee, global business division head Kim Kyung-soo, HND Holdings\u2019 founder Yaxun Zhang and CMP CEO Ronald Macrae of Auckland attended.<\/p>\n

CMP is headquartered at Victoria Park Markets and is one of New Zealand\u2019s busiest builders.<\/p>\n

CMP bosses include Andrew Moore and Tony Howard.<\/p>\n

The Takapuna land is owned by HND TS. Yaxun Zhang of Hobsonville is a director.<\/p>\n

\"CMP'sCMP’s Ron Macrae. Photo \/ CMP Construction<\/p>\n

The Strand is to be seven to 10 levels high, with three basement levels.<\/p>\n

\u201cBased on this early contractor involvement agreement, Hyundai E&C will leverage its innovative design and construction know-how, specialising in high-end residential spaces, in co-operation with CMP, a top-tier local construction firm in the housing sector, and design firm ASC Architects,\u201d the manufacturer said.<\/p>\n

Hyundai plans to bring Korean-style housing here, which it said was adaptable to the local lifestyle, including community facilities, solar panels and electric vehicle charging stations.<\/p>\n

\"PlansPlans for the latest apartment project announced for Takapuna on land owned by HND off The Strand and Hurstmere Rd. Photo \/ Campbell Brown Planning<\/p>\n

\u201cAs the New Zealand real estate market shifts from small-scale, low-rise housing towards large-scale, mid-rise developments, this project is a symbolic venture that will allow us to prove the competitiveness of Hyundai E&C\u2019s housing brand in New Zealand,\u201d Hyundai said.<\/p>\n

Hyundai also mentioned it had already established a partnership with the Government\u2019s K\u0101inga Ora<\/a> agency to develop housing on state land at Northcote.<\/p>\n

\"OtherOther parts of Takapuna are earmarked for intensification too. This image shows a new planned rental tower (right) with the existing Sentinel apartment tower (left) in the heart of Takapuna. Photo \/ McConnell<\/p>\n

Last September, K\u0101inga Ora said it had signed a memorandum of understanding with Hyundai through its local agent Ensen Developments to build on two large-scale Northcote project sites.<\/p>\n

\u201cThe memorandum allows Hyundai to undertake due diligence on these sites for a period of six months, after which they will confirm the feasibility and move towards signing a development agreement with K\u0101inga Ora. The two sites cover 10,031sq m and have a target yield of 200 apartment units,\u201d the New Zealand state agency said.<\/p>\n

Hyundai E&C was one of the leading construction companies in Asia and one of the largest developers in South Korea and had recently established an office in Sydney, K\u0101inga Ora said.<\/p>\n

In February, the Herald reported<\/a> Campbell Brown Planning saying it had won non-notified consent for the Takapuna apartment scheme for its client, HND.<\/p>\n

HND is also the developer<\/a> of Remuera\u2019s 3.2ha former Caughey Preston rest home site.<\/p>\n

\"TheThe 3.1ha ex-Caughey Preston site. There are big plans proposed for this prime $90 million site. Photo \/ Colliers<\/p>\n

HND Upland<\/a> and St Andrews Village Trust Inc sought approval via Te Mana Rauh\u012b Taiao\/The Environmental Protection Authority under the Covid-19 fast-track recovery law to develop the Remuera site, where 11 buildings of two to four levels are planned.<\/p>\n

On Takapuna\u2019s The Strand plans, the planners said it had been a long and often challenging process that achieved a highly positive level of support from the Auckland Urban Design Panel.<\/p>\n

Campbell Brown cited an independent review by Isthmus Architecture and a strong collaborative relationship with the council\u2019s planning team.<\/p>\n

\u201cOverall, the consented development is the result of multiple design iterations in response to a thorough design-led process, and we are proud to have achieved this result with an exceptional consultant team and a client willing to ensure the best outcome for the site and this iconic location,\u201d the planner said of The Strand plans.<\/p>\n

Anne Gibson<\/a> has been the Herald\u2018s property editor for 25 years, written books and covered property extensively here and overseas.<\/p>\n","protected":false},"excerpt":{"rendered":"The signing ceremony was held last Tuesday with officials from both companies. Hyundai\u2019s newsroom issued a statement on…\n","protected":false},"author":2,"featured_media":37581,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[34549,15494,16200,8988,138,10748,6799,34545,8615,3468,34548,1888,2082,34547,34546,111,139,1536,69,3263,5652,1240,18477,1533,102],"class_list":["post-37580","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-219unit","tag-apartment","tag-apartments","tag-builder","tag-business","tag-came","tag-cars","tag-cmp","tag-come","tag-deal","tag-ec","tag-first","tag-for","tag-hyundai","tag-koreas","tag-new-zealand","tag-newzealand","tag-next","tag-nz","tag-project","tag-signs","tag-south","tag-takapuna","tag-will","tag-with"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/37580","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=37580"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/37580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/37581"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=37580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=37580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=37580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}