A land sale by Whillans Realty Group agents puts a price on the Springpark residential development site begun by local developer Tony Gapes and now under the control of Wilshire Group Ltd, 66% owned by Vincent Wan of Hong Kong.
A second land sale, on the corner of Jellicoe & Morrin Rds in Tamaki, has consent for a retail centre.
33 Panama Rd:
Features: 4.19ha of development land, part of Tony Gapes’ 10.5ha Springpark housing project site, consented for 178 dwellings and including substantial siteworks, roading & 16 partially completed townhouses
Outcome: sold for $25 million
Agents: Kathy Ying & Bruce Whillans
Corner Jellicoe & Morrin Rds:
Features: 6074m² mixed-use development site, consented for 1896m² retail centre
Outcome: sold for $4.08 million at $671/m²
Agent: Brice Clark
24 March 2016: Wilshire takes full control of Gapes’ Springpark development
27 June 2014: Gapes secures Singapore funding to regain Springpark control
2 May 2014: Crown Finance calls receivers into Gapes’ Springpark company
18 October 2013: Redwood’s Springpark gets consent
Attribution: Agency release.