Ann: GENERAL: FBU: Plans Lodged for New Dwellings at Three Kings

• Release Date: 19/09/14 14:03
• Summary: GENERAL: FBU: Plans Lodged for New Dwellings at Three Kings
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					FBU
19/09/2014 14:03
GENERAL

REL: 1403 HRS Fletcher Building Limited

GENERAL: FBU: Plans Lodged for New Dwellings at Three Kings

Fletcher Residential files two private plan change applications with Auckland
Council

Auckland - 19 September 2014

Fletcher Residential has lodged two private plan change applications with
Auckland Council for the redevelopment of Three Kings Quarry. These
applications outline two ways to transform the area into a new urban
precinct.

The quarry is located at the southern end of Mt Eden Road, eight kilometres
from Auckland's central business district. New links will be created to
connect the development's housing precincts with Three Kings town centre and
the volcanic cone
Te Tatua a Riukiuta Maunga (Big King).

The Three Kings development promotes housing diversity with a range of high
quality dwellings including two-to-three storey terrace homes, three-to-four
storey apartments and 10-storey cascading apartments set against the quarry
slope.

Fletcher Residential's preferred plan change application involves exchanging
land to better utilise surrounding Crown land. This will create significant
recreational space with two sports fields, a Town Square connecting the
precinct to the Three Kings town centre, a convention centre and the historic
Three Kings Oval.

Steve Evans, Chief Operating Officer of Housing at Fletcher Building says two
plan changes have been submitted to the Auckland Council to provide options
of how best to develop the site holistically and in keeping with its
surroundings.

"This is one of the last significant blocks of land close to the city and can
deliver diverse housing solutions at scale that will help to alleviate
Auckland's need for high quality housing. It's important that we provide an
integrated residential, recreational and retail precinct for this community,"
says Evans.

In addition to the Town Square, the preferred proposal on the 21.6 hectare
site also features open spaces including two sports fields, recreational
parkland and a wetland terrace for residents and the surrounding community.
The sports fields would complement the existing Three Kings Park and support
cricket in the summer and soccer in the winter.

Fletcher Residential's preferred option is supported by a range of community
groups. Steven Reid, General Manager at Three Kings United Football says
Fletcher Residential's preferred proposal will deliver new amenities to the
local community.

"The comprehensive plan for the development at Three Kings Reserve will bring
much needed football pitches for all of our members and families at Three
Kings United Football. It will allow a space that's currently underutilised,
to be developed in a way that offers benefits to the wider community for
recreation and year-round sports," says Reid.

Fletcher Residential's second private plan change option would see
development only on the company owned 15.2 hectare Three Kings Quarry site.
This option presents the same housing precincts however, it delivers less
extensive community spaces and sports fields than the preferred proposal.

It is anticipated that the plan changes will be heard by Auckland Council in
early 2015. Further information is available at www.three-kings.co.nz.

ENDS

Attached is an artist's impression of the development. A high res file is
available on request.

For further information contact:

Philip King
Group General Manager, Investor Relations & Capital Markets
Fletcher Building Limited
Phone: 09 525 9043
Mobile: 027 444 0203
Email: [email protected]
End CA:00255469 For:FBU    Type:GENERAL    Time:2014-09-19 14:03:59