reveal the company booked a $44.9 million impairment<\/a> in 2025 after deciding “not to continue with the planned development of the site.”<\/p>\nThe write-down related to land holdings, which were reduced to a recoverable value of about $62.7 million.<\/p>\n
While the filing does not explicitly name the location, Amazon’s only publicly disclosed greenfield development in New Zealand had been a proposed hyperscale data centre in Westgate, Auckland.<\/p>\n
The scale of the write-down and the reference to undeveloped land implies the impaired site relates to that project.<\/p>\n
The impairment drove the subsidiary to a pre-tax loss of $36 million in 2025, reversing a profit a year earlier. It was recorded within operating expenses and accounted for the bulk of the decline.<\/p>\n
Despite the write-down, Amazon appeared to be continuing to invest heavily in its New Zealand footprint, with total assets above $650 million.<\/p>\n
Those investments appear to be being redirected into new servers, networking gear and leasing capacity in other data centres, rather than new builds.<\/p>\n
Between December 2024 and December 2025, the value of equipment on its books surged to more than $250 million from about $5 million, while lease assets climbed to about $285 million from roughly $244 million, with a further $162 million in future lease commitments yet to begin.<\/p>\n
At the same time, assets under construction have dropped to zero.<\/p>\n
Rather than building its own sites, it looks like Amazon in New Zealand is shifting to a “lease-and-equip” model – buying capacity and filling it, rather than building from scratch.<\/p>\n
Sign up for Ng\u0101 Pitopito K\u014drero<\/a>, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.<\/p>\n","protected":false},"excerpt":{"rendered":"The site which was planned to be used by Amazon in Westgate, Auckland. Photo: Google Maps \/ Screenshot…\n","protected":false},"author":2,"featured_media":410445,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[48,47,42,43,49,46,44,45,40,38,41,39],"class_list":["post-410444","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-audio","tag-current-affairs","tag-headlines","tag-news","tag-podcasts","tag-public-radio","tag-radio-new-zealand","tag-rnz","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/410444","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=410444"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/410444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/410445"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=410444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=410444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=410444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"The](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/05\/4JP5TI6_Amazon_png.jpeg\")
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