New Zealand’s government has granted a commercial school a $2.9 million government grant to develop a commercial government project in Auckland.
The New Zealand Government’s Office of Economic Development and Business Transformation, the Government’s new commercial sector, has approved the commercial school’s commercial project.
The $2,9 million project was to build a commercial centre and retail space on the city’s north side.
Auckland-based commercial school operator, Oupa Commercial School, is responsible for running the centre, which is due to be complete in 2022.
The school will build commercial buildings, retail shops and offices in the area.
“We have a lot of work to do in the commercial sector and we need to make sure we get it right, so we are looking at a number of things that are in line with the commercialisation vision,” Auckland-based Oupas chief executive, Steve Kettler, said.
“It is going to be a centre of excellence in commercialisation, and it is a really exciting project for us.”
Mr Kettlers company will work with Auckland Council and Auckland Council, the City of Auckland and the Auckland Development Agency to develop the commercial development.
The centre will have retail, office and housing spaces and will be the first commercial development in Auckland to include commercial-style buildings.
It is the latest in a series of commercial developments to be approved by the Office of the Economic Development, Business Transformation and Regional Development.
The project has been a key part of Oupawas vision of developing a commercial economy, which aims to become a hub of commerce in the region.
“This project is a real opportunity for us to make a significant contribution to the economic development of the region,” Mr Ketters said.
The Government has approved a commercial project in a New Zealand commercial school.
Auckland Council and Oupare Commercial School have also secured Government funding for a commercial education centre to be built in Auckland’s south and north.
“These are significant government-led projects which we are delighted to be working with on,” Auckland Council chief executive officer, Tom Burden, said of the commercial schools.
“The council and OUP are pleased to be contributing to a successful project that will contribute to New Zealand becoming a hub for commercial development.”
Mr Burden said the government’s investment in commercial school sites would allow the schools to develop into an “enormous economic engine”.
“It means they can develop and provide a good experience for their students and also build capacity in the community and help local businesses and individuals thrive,” he said.