Filed under “Building Updates”
It's official, Daisy is open and has achieved a perfect 10 Homestar rating, making it New Zealand's 'greenest' apartment building! We are thrilled with the result and would like to thank everyone who has been involved for their dedication and hard work and also, Mayor Phil Goff for doing the honours in cutting the ribbon.
We are progressing well at Tuatahi in Mt Albert. The carpark ramps are in position and ready for the concrete pour as is the second floor slab. Despite the cloud, we have a great view of the Waitakere Ranges and look forward to some superb sunsets! Take a look at some more photos on our Facebook page.
Subset A is painted, the decorative panels are in place and Subset B is following closely. The roof will be finished today and the soffit and balustrades to the North East corner are complete. The scaffolding will start coming down next week and Subset A will be revealed!
We are motoring ahead at Tuatahi and the steel framework is being hoisted into place on Building 1. We can’t wait to see what the views will be like from the top – peeks of the upper harbour are anticipated. Construction has commenced on Building 2 - site prep is underway and piling is about to begin!
Building 1 is 50% sold, with fantastic and affordable options available, all priced below $650,000. With completion of Building 1 expected in September 2018 you could be in your new home next Summer. Click here to find out more.
Bernoulli Gardens is a hive of activity and work is progressing well on all five buildings. Building 1 is nearing completion - check out the photo it looks just like the model and renders! The roof is on and the exterior of the building is 75% complete, with external stairs, entries and residents lounge in progress. The interior fit out is speeding along with kitchens and tiling mostly done. Building 2 is not far behind with roof framing going up and exterior bricks 60% complete. In Building 3 the block work is complete and ground floor windows are going in. The first floor slabs have been poured and blockwork is progressing rapidly in Buildings 4 and 5. We are currently 75% sold, but have some fantastic and well-priced options available. Click here to find out more.
We reached another milestone at Daisy this week - the crane came down.
There’s a lot of activity on site with balustrades going up, the scooter lift going in, the last of the kitchens are ready to be installed next week and the exterior painting is almost complete. And the best part … the scaffolding is due to come down in the coming week which means Daisy will be revealed in all her glory.
The views are amazing and with only two apartments still available call one of our sales team on 09 378 8011 to secure your new home at Daisy.
SET – 26 Racecourse Parade, Avondale - Building Update
The buildings are taking shape on-site at Set and if you pass by you will see the block work is mostly complete and the windows are being installed in Subsets A & B. Subset B’s roof is on with A’s to follow in the next couple of weeks.
Subset C’s fourth floor is poured with only the top to go. Carpentry, framing, fit out and decks are progressing well across the development. The views up there are amazing - twilight sunsets will be magical from the west facing balconies.
If your dream is to be settled in a new home in 2018 then please contact us today.
Call 09 378 8011 or visit the Set page for full details.
We are excited to share a bird’s eye view on progress at Bernoulli Gardens – check out the new drone footage here on Vimeo.
You will see all five buildings are well defined. Building 1’s roof is now complete and Buildings 2 to 5 are following fast.
The central residents garden will be a stunning space and this footage truly shows how the approximate 300m2 space will complement these homes.
Completion begins from April 2018 and will progress consecutively across the development.
You too could have a new home in 2018 – call one of our sales team on 09 378 8011 or visit the Bernoulli Gardens page for full details.
We have broken ground to begin the creation of Hypatia situated at the heart of Auckland’s University and Medical precincts, and on the doorstep Of Auckland domain. Hypatia is ideally located to maximize the possibilities of modern urban living. Hypatia is also zoned for our best Grammar Schools and the adjacent Grafton Train Station will have electric passenger trains connecting you to the CBD, Newmarket, and Britomart at completion. Auckland has never been so vibrant and forward looking as it is today. A truly Cosmopolitan City is being created by a collective ambition to make Auckland’s urban streetscapes as beautiful and diverse as its world class natural environment. Hypatia, Ockham residential latest building, embodies Auckland’s transformational spirit. The striking architecture of her unique façade confidently looks to the future while proudly acknowledging the strong Maori connection to her environment.
Our brand new Hypatia showroom based in Khyber Pass has been buzzing with excitement as we prepare to launch this weekend (9th of April) to showcase to you all possibilities of Hypatia Living. Our Ockham team are really excited with a huge amount of interest to date. Enjoy our city. Enjoy your life.
Developers of a new Auckland apartment block are building without pre-sales and offering 15% interest-free 10-year vendor finance to owner-occupiers. The 60-unit Hypatia residential development in the central suburb of Grafton is being developed by Ockham Residential and Ockham Foundation, a not-forprofit charity focused on education.
One-third of the apartments will be sold under the interest-free vendor package for the six-level development. The interest-free loan is for the amount equal to 15% of the purchase price. Ockham Residential director Mark Todd says the development can start without presales as the company is well funded by private equity and the vendor finance package is a genuine business deal.
“We have set up a facility, so owner-occupiers who have a 20% deposit can take the interest-free loan, go to the bank and negotiate a 65% mortgage, instead of the usual 80% mortgage. “This will result in a weekly reduction of 18.75% on their mortgage servicing costs for up to 10 years,” Mr Todd says. The vendor finance package can be paid back at any time within the 10-year time limit either at the greater of the issued value or 15% of the apartment’s value at the time of repayment. Mr Todd says vendor finance can only be offered in a charitable environment and it has been done to benefit the Ockham Foundation. “We have been working on this concept for 18 months with tax lawyers and charity specialists.”
“The objective is to build a capital base through property, such as Dilworth has done over the past 20 years, to carry on charitable work in the education field. It was always our intention to do this when we set the business up.” Mr Todd says he and his business partner Benjamin Preston want to prove they can do something different as well as show apartment development can be profitable.
“If we are successful in proving this concept, we will use it on other projects. It is a sensible piece of business and banks like it as it lowers funding costs for buyers. Potentially it will allow us to scale up the foundation."
Entry prices for the two levels of basement parking and four levels of one, two and three bedroom 48sq m to 145sq m apartments start at $427,000, going up to $2 million for the most expensive. There will only be eight apartments at the most in the development under 50sq m. Many banks will not lend on apartments under 50sq m. Mark Todd and Ben Preston set up Ockham Investments the day after Lehman Bros crashed at the beginning of the global financial crisis. They named their company after Ockham’s Razor (a principle devised by mediaeval monk William of Ockham who suggested the simplest answer is often correct). In keeping with their theme, they have given their developments the names of famous mathematicians and physicists. The latest development is called Hypatia after a 5 century Greek philosopher and mathematician.
Mr Todd says the foundation’s money is spent on scholarships to foster a sense of justice in students for social problems. “There are myriad solutions for social problems but debate has been narrowed on the subject largely as a result of the wealth gap. “We want to encourage students to think for themselves on these and other issues,” Mr Todd says.
Sunday 30th November, 12 - 4pm
2 Ariki Street, Grey Lynn
Ockham is pleased to invite our online community to an open day at The Turing Building. We would love everyone to have the opportunity to take a first-hand look at the lifestyle a world class apartment building can offer its residents.
We understand that the development of Grey Lynn Ridge is a topical issue that many followers of Ockham Residential will have a view on. This is your chance to take a close up look at merits of the newest building in the area and to exchange views with Ockham staff and other members of your community.
We will be providing refreshments all afternoon in the stunning Rooftop Residents Lounge Bar with breath-taking city and harbour views. Perhaps you may want to enjoy a frame of snooker on the full sized antique table? Or just come and relax on the huge outdoor deck.
A wide selection of apartments will be available for viewing all day to allow you to imagine the range of possibilities in apartment living. So make the most of this unique laid-back opportunity and experience Auckland’s future now.
For sales enquiries please contact Maria Salmon on 027 274 0573 or
If you would like to attend the open day, please RSVP to Zara to assist us with catering requirements. 09 378 8011 or 021 162 4451 or