Spinnaker projects

Ambury Park Lane

18 Houses $18,000,000

Mangere, Auckland

Ambury Park Lane is a development of 18 individual houses in Mangere, Auckland. Approximately 160m2 each, the project’s modern and architectural homes have an average value of $1.1 million. Spinnaker funded the project to roughly 80% of cost, with no presales. This helped the developer command a premium price on the project’s completion.

When the project’s finish date was pushed back due to construction and infrastructure delays, Spinnaker worked proactively with the developer. We were able to provide the additional time needed to complete the project, and see all 18 of the premium homes sold.

Royal Road

71 Houses $60,000,000

Massey, Auckland

This thriving multi-stage development in Massey, Auckland, has been in progress for more than four years. The $40million project’s numerous stages include the development of roughly 150 sections, and the construction of 71 homes.

The large-scale and complex project has seen a number of challenges over the years, including site works, stormwater, roading, and retaining issues. To help get each stage over the finish line, Spinnaker worked proactively to support the borrower throughout the process.

Central Mews

72 Townhouses $38,000,000

Mount Maunganui, Bay of Plenty

Central Mews is a large-scale development in Bayfair, Mount Maunganui. The 72 townhouses are valued at an average of $550,000 each, and range between 76m2 and 119m2. Spinnaker provided development finance to over 80% of cost, with roughly 50% of the homes pre-sold.

The staged project wasn’t without its complications, with construction uncovering some land contamination issues. The Spinnaker team worked with the developers throughout the project’s challenges, helping bring the striking development through to completion in 2018.

Swainston Terraces

20 Townhouses $20,000,000

St John's, Auckland

Spinnaker provided property finance for this project with no pre-sales, to approximately 77% of cost. The development in St John’s, just a 20 minute drive from central Auckland, comprises 20 three-level townhouses. Styled as boutique terraced housing, each home was valued at approximately $1.1million.

When working with the developer, we were able to provide funding without the need for a quantity surveyor’s initial and monthly reports. This flexibility saved the developer significant surveyor costs.

The Carlton Apartments, Christchurch

The Carlton Apartments, Christchurch

Luxury Apartment Refurbishment $5,000,000

Christchurch, Canterbury

Scott Terraces, Hobsonville Point

Scott Terraces, Hobsonville Point

16 Terrace Houses $12,000,000

Hobsonville Point, Auckland

Camelot Terraces, Glenfield

Camelot Terraces, Glenfield

13 Terrace Houses $9,400,000

Glenfield, Auckland

Livingstone St, Milford

Livingstone St, Milford

4 duplexes, completed April 2021 $5,500,000

Auckland

Blockhouse Bay Townhouses

Blockhouse Bay Townhouses

22 Townhouses $4,000,000

Blockhouse Bay, Auckland

Greenlane Townhouses

Greenlane Townhouses

5 Luxury Townhouses $2,200,000

Greenlane, Auckland

Man Street Townhouses

Man Street Townhouses

2 Luxury Townhouses $2,800,000

Queenstown, Otago

Senator Drive

Senator Drive

16 2-Bedroom Houses $10,000,000

Manurewa, Auckland

Westgate Subdvision

Westgate Subdvision

152 Lot Subdivision $60,000,000

Massey, Auckland

Otahuhu Subdivision

Otahuhu Subdivision

31 Lot Subdivison $12,000,000

Otahuhu, Auckland

Freemans Bay Houses

Freemans Bay Houses

3 Luxury Houses $10,000,000

Freemans Bay

Paratai Drive Townhouses

Paratai Drive Townhouses

5 Luxury Townhouses $6,000,000

Orakei, Auckland

Coatesville House

Coatesville House

Luxury House $7,000,000

Coatesville, Auckland

Taylor Street

Taylor Street

8 Houses $12,000,000

Blockhouse Bay, Auckland

Hurstmere Rd, Takapuna

Hurstmere Rd, Takapuna

3 Luxury Houses $10,000,000

Takapuna, Auckland

Pahland

Pahland

10 Townhouses $9,000,000

Papatoetoe, Auckland

Kolmar Road

Kolmar Road

14 Townhouses $10,000,000

Papatoetoe, Auckland

Westwood Terrace

Westwood Terrace

4 Luxury Houses $17,000,000

St Mary's Bay, Auckland

Taupuwae Way

Taupuwae Way

8 Townhouses $7,500,000

Mangere Bridge, Auckland

Park Lane Motel

Park Lane Motel

32 Unit Motel $11,000,000

Takapuna, Auckland

Makamaka Lane

Makamaka Lane

21 Townhouses $16,000,000

Albany Heights, Auckland

Fishwicke Lane, Albany

Fishwicke Lane, Albany

21 houses $26,000,000

Albany, Auckland