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Shoebox neighbour for towering Vero Centre

Plans are in hand for three high-rise Auckland apartment towers which would bring an extra 843 units to the inner-city - including one in front of the country's best office block.

Sunday, June 6th 2004, 7:53AM

by The Landlord

Australian apartment specialist First City Developments yesterday made its latest planning move for its proposed 38-level, 378-unit tower opposite the Vero Centre at 48-56 Fort St.

The tower was approved in 2002 but the company has since bought more land and wants to alter it.

The 21,388sq m tower is planned for a block of land near the intersection of Fort and Gore Sts, rising directly in front of the 40-level, $200 million Vero Centre, New Zealand's tallest office tower and home to a top line-up of tenants in commercial property, including law firms Russell McVeagh and Bell Gully, and stockbrokers Goldman Sachs JBWere and ABN Amro.


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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 6.39 4.75 5.45 5.45
ANZ 6.29 5.59 6.09 6.19
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.99 5.49 5.59
ASB Bank 6.29 4.99 5.45 5.45
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.85 - - -
Avanti Finance - Specialised 8.00 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 6.44 - - -
BNZ - Rapid Repay 6.44 - - -
BNZ - Std 6.34 ▲5.19 ▼5.35 ▲5.59
BNZ - TotalMoney 6.44 - - -
CFML 321 Loans 4.20 - - -
CFML Home Loans 6.55 - - -
CFML Prime Loans 6.70 - - -
CFML Standard Loans 7.20 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - 4.89 5.29 5.59
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 5.69 4.99 5.45 5.69
Co-operative Bank - Standard 5.69 5.49 5.95 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.09 5.49 -
First Credit Union Standard 6.49 5.69 6.09 -
FMT 7.15 - - -
FMT Development 7.90 - - -
Heartland Bank - Online 6.35 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 4.99 5.25
Lender Flt 1yr 2yr 3yr
Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 6.25 ▲6.05 6.29 ▲6.39
Kiwibank - Offset 6.25 - - -
Kiwibank Special ▲6.25 ▲5.15 5.39 ▲5.59
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society 6.99 5.19 5.49 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 6.34 5.39 5.89 5.89
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.69 5.29 5.29
SBS Construction lending for FHB 3.79 - - -
SBS FirstHome Combo 3.29 4.29 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 7.09 5.65 6.29 6.49
TSB Special 6.29 4.85 5.49 5.69
Unity First Home Buyer special - 4.15 - -
Unity Special 6.04 4.80 5.29 -
Unity Standard 6.04 5.60 6.29 -
Wairarapa Building Society 6.25 5.15 5.65 -
Lender Flt 1yr 2yr 3yr
Westpac 6.39 ▲5.79 ▼5.89 ▲6.19
Westpac Choices Everyday 6.49 - - -
Westpac Offset 6.39 - - -
Westpac Special - ▲5.19 ▼5.29 ▲5.59
Median 6.39 5.15 5.49 5.59

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