Large Scale Development / Investment
Tāmaki Regeneration Company (TRC) ran a procurement process to find a large-scale developer that had the capability and experience to redevelop approximately 1000 existing social homes into about 2500 new state, affordable and private market homes.
After a robust procurement and evaluation process, the shortlisted parties have not met the requirements to become our large-scale development partner.
TRC has a strong track record in delivering new houses and working with the community to transform the lives of Tāmaki people. We will continue to work with the Government, and our building partners, to ensure the future delivery of our housing programme.
The proposals submitted by the Exemplar Communities Consortium and the Tūhono Tāmaki Consortium progressed through the evaluation process in late 2017.
The evaluation process found that several procurement objectives would not be met if the proposals were taken forward and because of this, the decision was made to terminate the Large Scale Development Procurement.
Request for Proposal
On 9 December 2016, TRC announced the shortlisted respondents to the Large Scale Development Expression of Interest (EOI) process. The three shortlisted respondents were:
Exemplar Communities Consortium
The Exemplar Communities Consortium members are AV Jennings, Classic Builders, Universal Homes, Spotless, AMP Capital and Capella Capital.
Ngāti Paoa Consortium
A Ngāti Paoa-led consortium with support from local and international constructors and financiers.
(Note: Since this announcement the Ngāti Paoa-led consortium has exited the procurement process.)
Tūhono Tāmaki Consortium
The Tūhono Tāmaki Consortium members are Fletcher Residential, Fletcher Building, Ngāti Whātua Ōrākei Whai Rawa Limited, Programmed FM NZ Ltd, Macquarie Capital (New Zealand) Ltd and Public Infrastructure Partners II LP.
The Request for Proposal (RFP) stage will commence in December 2016, with shortlisted respondents required to submit their Proposals in May 2017. It is anticipated that the Preferred Bidder will be selected in September 2017, with construction expected to be underway in late 2017.
10 August: Expression of Interest
On 10 August 2016, TRC issued an Expression of Interest (EOI) invitation for Phase One of the Large Scale Development, redeveloping about 1,000 existing social homes into about 2,500 new, mixed tenure homes. This included a development partner responsible for design, delivery and the sale of housing; and an investment partner to take on long-term investment and management of the rebuilt social houses.
The timeframe to submit an EOI has now closed.
TRC held a briefing on 17 August 2016 to speak to the Invitation for Expressions of Interest. Questions and answers from this briefing were recorded and have been clarified further. These can be found here, together with all other Expression of Interest clarification questions which have been asked to date.
29 July: Programme Update
TRC held a briefing on 29 June 2016 in Auckland to provide an update on the programme of work to advance the Tāmaki regeneration.
Speakers included TRC Chief Executive John Holyoake, General Manager Assets and Development Tracey Wadsworth, and Procurement Strategy lead Rachael Cole.