Highlights

  • Kiwi Property receives approval for both stages of its Drury Town Centre project.
  • Fast-track consent enables retail, commercial, residential, and infrastructure development to proceed.
  • Stage 1 earthworks finished, and civil works are currently underway.

Kiwi Property (NZX:KPG) has confirmed approval for Stage 1 and Stage 2 of its Drury Metropolitan Town Centre project under the Fast-track Approvals Act 2024. The decision allows the multi-stage development in South Auckland to advance, marking a key step in establishing a mixed-use metropolitan hub designed to accommodate the area’s growing population.

The fast-track consent covers adjustments to the previously approved Stage 1 works and provides full approval for all components of Stage 2. The project is positioned to deliver a range of commercial, retail, residential, and community facilities integrated with transport and public amenities.

Scope of Approved Works

Under the updated approval, Kiwi Property is authorised to progress subdivision activity for Stage 1 land, enabling the creation of separate titles for development or sale. The decision also allows broader earthworks across the project and the construction of shops, office spaces, residential units, community facilities, and supporting infrastructure within Stage 2.

Additional works covered under the consent include road construction, car park development, and installation of essential services needed to support the future town centre.

Development Vision and Community Engagement

Kiwi Property has stated that its vision for Drury is centred on creating a metropolitan destination combining residential, commercial, and lifestyle elements within a connected environment. The company has emphasised its intention to collaborate with local communities and iwi throughout the development timeline to reflect shared aspirations and support long-term urban growth.

The business also noted that engagement with key stakeholders will continue as project milestones are completed and development activities advance.

Project Status and Next Steps

Earthworks for Stage 1 have been completed, and civil works are currently progressing on site. With the latest approvals now secured, development activities across both stages are positioned to move forward within the framework established by the Fast-track Approvals Act.

Share Performance of KPG

KPG shares were trading NZD 1.090 per share at the time of writing on 7 November 2025.