A new apartment and retail complex will join the Park Hyatt on Auckland’s waterfront. Fu Wah New Zealand has filed for resource consent with the Auckland Council to build the 435-unit $400 million project on Wynyard Quarter.
The Fu Wah group is run by Chan Laiwa, one of the wealthiest women in China with an estimated net worth of US$4billion. It caused an uproar earlier in the year when it announced it would bring in Chinese workers to build the Park Hyatt, which is expected to finish around June.
The newly announced developments will take a bit longer to come to fruition, with work not expected to commence on the project until 2020.
