Precinct Properties Group and the University of Auckland have signed a development agreement for a major new purpose-built student accommodation (PBSA) facility at 22 Stanley Street, next to the award-winning Stuart McCutcheon House in the Carlaw Park Student Village.
The new building will offer around 960 self-contained PBSA studio apartments, making it the largest PBSA facility in Aotearoa New Zealand to date.
“The development is part of the University of Auckland’s continued commitment to student wellbeing. We’re delighted to be partnering with Precinct to develop the next phase of our residential portfolio and strengthen the student community at Carlaw Park.
“Our goal is to provide safe, inclusive and vibrant accommodation that supports all students, from school leavers to postgraduates and international students. This new facility will help us meet growing demand and give more students the opportunity to enjoy the full University experience.”
Simon Neale, Chief Property Officer, University of Auckland
The project is being delivered through a funding and development model similar to that used for Stuart McCutcheon House, with no construction capital committed by the university. It is underpinned by a long-term lease agreement with Precinct Properties Group, and the university will contribute to the fit-out, furnishings and equipment (FF&E), with support from Precinct.
Construction is expected to begin shortly, with the aim of opening in early 2028. Haydn & Rollett, who worked on earlier stages of the Carlaw Park Student Village, has been appointed as the main contractor.
“We are thrilled to be working closely with the University of Auckland to deliver for them the largest student accommodation facility in New Zealand, comprising circa 960 self-contained studios.”
Scott Pritchard, Chief Executive, Precinct Properties Group
