CMP Construction and Hyundai Engineering & Construction have partnered to develop The Strand, a 219-unit apartment project in Takapuna, Auckland.
The scheme will occupy the former Colman Brunton building site, overlooking Takapuna Beach. The agreement was signed this month in Auckland and confirmed by Hyundai from Seoul last week.
The South Korean firm described the arrangement as “an early contractor involvement agreement” with CMP.
“Hyundai E&C has officially embarked on expanding its presence in the global housing construction market through a high-end residential complex development project in New Zealand,” the company said in a statement.
The development will consist of four buildings ranging from seven to ten levels, supported by three basement floors. It spans 6–10 The Strand and 21, 31, 33–45 Hurstmere Road. Hyundai said it would “leverage its innovative design and construction know-how, specialising in high-end residential spaces, in co-operation with CMP, a top-tier local construction firm in the housing sector, and design firm ASC Architects.”
The project will feature Korean-style housing adapted for New Zealand, as well as community spaces, solar panels, and electric vehicle charging.
The signing ceremony was attended by Hyundai executives Kim Tae-hee, head of its building division, and Kim Kyung-soo, head of its global business unit. CMP was represented by chief executive Ron Macrae, with Andrew Moore and Tony Howard also part of the firm’s leadership.
The land is owned by HND TS, directed by Hobsonville-based Yaxun Zhang. Zhang, who also founded HND Holdings, was present at the signing.
Hyundai framed the Takapuna project as part of a wider change in New Zealand’s housing supply. “As the New Zealand real estate market shifts from small-scale, low-rise housing towards large-scale, mid-rise developments, this project is a symbolic venture that will allow us to prove the competitiveness of Hyundai E&C’s housing brand in New Zealand,” it said.
The company has also worked with Kāinga Ora through its local agent Ensen Developments, signing a memorandum of understanding last year to explore projects in Northcote.
Campbell Brown Planning secured non-notified consent in February on behalf of HND. The firm described the journey as “long and often challenging” but welcomed the outcome.
“Overall, the consented development is the result of multiple design iterations in response to a thorough design-led process, and we are proud to have achieved this result with an exceptional consultant team and a client willing to ensure the best outcome for the site and this iconic location,” it said.