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Eke Panuku
Eke Panuku Development Auckland (Eke Panuku) is one of four council-controlled organisations (CCOs) of Auckland Council in Auckland, New Zealand. Eke Panuku manages a NZD$2.3bn property portfolio of non-core Auckland Council assets. Eke Panuku buys, manages and sells property on behalf of Auckland Council and its CCOs. It does not develop the sites directly, but acts as the "master developer" to "unlock development potential for others", leveraging Auckland Council landholdings for urban regeneration and social outcomes. It has portfolios that range from small housing developments to long-term regeneration such as the Wynyard Quarter on Auckland's waterfront, and to redevelopment of town centres and malls. History Eke Panuku was established on 1 September 2015 with a board of nine members plus the Chief Executive. It was formed from a merger between Waterfront Auckland and Auckland Council Property (ACPL). The merged entity was briefly referred to as Development Auckland pri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Council-controlled Organisation
Council-controlled organisations (CCOs) and council-controlled trading organisations in New Zealand are what were formerly known as '' local-authority trading enterprises'' (''LATEs''). Introduced under Sections 6 and 7 of the ''Local Government Act 2002'', they are essentially any company with a majority council shareholding, or a trust or similar organisation with a majority of council-controlled votes or council-appointed trustees, ''unless'' designated otherwise. More than one council may be represented in a council-controlled organisation. They are used for widely varying purposes by councils. For example, the Wellington City Council uses trusts to hold museums and its zoo, while in 1996 the Horowhenua District Council transferred its library functions to the Horowhenua Library Trust. In the past, the erstwhile for-profit LATEs were seen as the local government equivalent of state-owned enterprises (SOEs). Many of these, which included bus companies, diagnostic laboratories, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
