As the city’s economic growth agency, Auckland Tourism, Events and Economic Development (ATEED) leads the region’s various programmes to attract international investors on behalf of Auckland Council.
In the past year, ATEED and its public and private sector partners have engaged with international institutional investors through a series of targeted activities and built relationships with investors from the US, UK, China, India, Singapore and Australia.
ATEED Chief Executive Brett O’Riley says the programmes have resulted in a number of recent visits by investors to Auckland, and a strong pipeline of investment interest.
In addition, ATEED is well on the way to meeting its 2014/15 financial year target of directly facilitating $252 million in new business attraction and investment for Auckland, and has already exceeded its target of facilitating the arrival or major operational expansion of five multi-national companies in the region.
“This financial year, our work has so far directly resulted in six multi-nationals coming to Auckland or expanding here, and $152 million investment by companies in high-tech manufacturing, ICT, and financial and professional services,” says Brett O’Riley.
Mayor Len Brown says it is great to see Auckland Council’s strategic direction paying dividends: "Auckland is engaging with investors who have proven track records across a range of world-leading developments – from affordable housing through to mixed-use intensified projects which create a sense of vibrancy, attractive urban environments, and directly stimulate economic growth".
Len Brown says the strategic direction outlined in the Auckland Plan and the Draft Unitary Plan, the current residential supply demand pressure, and Auckland's forecast growth, have combined to create a compelling investment case.
“Auckland is clearly in the thinking of major investors, and that can only provide more impetus to our growing economy.”
Brett O’Riley says that following various successful investor visits, ATEED is working on project feasibility and turning interest into concrete emerging investment activity.
“We are attracting investors keen to build hotels, residential and commercial developments. They are highly experienced at developing integrated precincts for industries such as ICT and screen production which can provide a range of benefits for Auckland, such as areas of relatively affordable housing, and reducing demand pressure on transport infrastructure by bringing new jobs into local communities.