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Plans lodged to develop national convention centre

Contributor:
Fuseworks Media
Fuseworks Media

Wellington, Aug 26 NZPA - Infratil Infrastructure Property (IIP) and the Public Infrastructure Partners Fund (Pip Fund) have lodged proposals with the Crown to develop the national convention centre in Auckland's Viaduct Basin.

Both companies are managed by Wellington-based investment company Morrison and Co.

If the proposal progresses IIP may sell its interest in the site in Halsey Street to Auckland City, with the Pip Fund undertaking the development in partnership with the city and crown.

Pip Fund recently announced it was making a $39 million investment in the Melbourne Convention and Exhibition centre via a joint venture with Plenary Group, a Melbourne-based public-private partnership firm which has expressed interest in expanding in New Zealand.

It said then that it was interested in developing a national convention centre in New Zealand, but did not give details.

IIP is also moving on development options for its other land holdings at Mt Roskill and New Lynn in Auckland, and Kilbirnie in Wellington.

The rundown in its business was contained in monthly update issues by Infratil, an infrastructure investment company run by Morrison & Co.

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