Malaysian Resources Corporation (MRCB) and New Zealand’s Panuku Development Auckland have announced a collaboration on the Aotea Central Over Station Development (OSD) in the Auckland central business district (CBD).

The urban regeneration development above the Aotea station at City Rail Link will involve a gross development value of NZD452m ($323m).

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Spread across 1.08 acres, MRCB’s 21-storey development will be designed to revitalise midtown and support the busiest train station in Auckland.

The building will feature a mix of retail, commercial and residential space, along with a striking terraced planting design, connecting to the surrounding area with laneways.

MRCB International CEO Ravi Krishnan said: “Aotea Central will be an exemplar mixed-use, transport-oriented development that positively contributes to and enhances Auckland’s midtown and the city centre more generally.”

Previously a car park used for Auckland Council fleet parking, the 4,780m² site is currently being used to support the City Rail Link construction.

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MRCB and RCP have partnered on the development of the project. RCP’s team, which includes global architecture studio Woods Bagot, will work together to realise the Aotea Central development vision.

Auckland Mayor Phil Goff said: “The project will replace what was once a car park with modern, well-designed and high-density housing, as well as shops and commercial spaces in the heart of our city.

“The apartments and businesses it creates will have a great location, situated above the City Rail Link Aotea Station.”

The development is set to start following the City Rail Link’s Aotea Station construction, which is scheduled for completion in 2024.