Panuku Development Auckland is one of the five

council-controlled organisations 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 Ac ...

(CCOs) of

Auckland Council Auckland Council ( mi, Te Kaunihera o Tāmaki Makaurau) is the local government council for the Auckland Region in New Zealand. It is a territorial authority that has the responsibilities, duties and powers of a regional council and so is ...

Auckland Auckland (pronounced ) ( mi, Tāmaki Makaurau) is a large metropolitan city in the North Island of New Zealand. The List of New Zealand urban areas by population, most populous urban area in the country and the List of cities in Oceania by po ...

, New Zealand. Panuku buys, manages and sells property on behalf of the council and its CCOs. It does not develop the sites directly, but acts as the "master developer" to "unlock development potential for others." It has portfolios that range from small housing developments to long-term regeneration such as the

Wynyard Quarter The Wynyard Quarter (historically also known as the Western Reclamation, Wynyard Point, Wynyard Wharf or Tank Farm) is a reclaimed piece of land on the Waitematā Harbour at the western edge of the Auckland waterfront, New Zealand. It is lo ...

on Auckland's waterfront, and to redevelopment of town centres and malls. Panuku came into existence on 1 September 2015 with a board of 10 members. It was formed from a merger between Waterfront Auckland and Auckland Council Properties Limited (ACPL). The merged entity was briefly referred to as Development Auckland prior to its rebranding as Panuku. In October 2016, Panuku began limiting the amount of information it released about discussions behind its closed door board meetings. At that time, it was managing $1 billion worth of council-owned land and buildings. Panuku worked with the council's transport CCO

Auckland Transport Auckland Transport (AT) is the council-controlled organisation (CCO) of Auckland Council responsible for transport projects and services. It was established by section 38 of the Local Government (Auckland Council) Act 2009, and operates under ...

to re-house owners and tenants prior to the demolition of more than 60 properties in preparation for the construction of the

Eastern Busway The Eastern Busway is a bus-only road running from the University of Queensland's St Lucia campus to Langlands Park busway station in Queensland, Australia. Development The Eastern Busway was built and opened in stages. The first section bet ...

. As of , Panuku is involved in construction of a new mall in

Ormiston Ormiston is a village in East Lothian, Scotland, near Tranent, Humbie, Pencaitland and Cranston, located on the north bank of the River Tyne at an elevation of about . The village was the first planned village in Scotland, founded in 1735 ...

in south Auckland, in conjunction with Todd Property. Nearby, 700 homes are being built by the partnership. On 1 November 2019, it was announced that CEO Roger MacDonald had resigned after a period of leave. The reason for the leave has not been made public. Mayor of Auckland

Phil Goff Philip Bruce Goff (born 22 June 1953) is a New Zealand politician. He was a member of the New Zealand Parliament from 1981 to 1990 and again from 1993 to 2016. He served as leader of the Labour Party and leader of the Opposition between 11 N ...

, who was re-elected in October 2019, had expressed dissatisfaction with MacDonald over an $80,000 increase in his salary, an executive bonus scheme introduced by him, and his acceptance of hospitality from a company which bought the council's former headquarters building through Panuku.

Chief executive officers

*John Dalzell – interim CEO from 1 September 2015, formerly head of Waterfront Auckland *Roger MacDonald – November 2016 – 1 November 2019 *David Rankin (acting) – November 2019 –

References

{{reflist Auckland Council Municipally owned companies