Dunedin’s Stavely Building Redevelopment Recognised as One of New Zealand’s Finest

The redevelopment of Dunedin’s historic Stavely Bond Building has been recognised at the country’s premiere property development awards.

This week’s Property Council New Zealand Rider Levett Bucknall Property Industry Awards gave the Stavely Building Apartments an Excellence Award in the Arrow International Multi-Unit Residential Property category.
The Stavely Building was the only Dunedin project to receive recognition at the awards, which were held in Wellington at a gala dinner on Friday night.
The 135-year-old Stavely Building - on the corner of Bond and Jetty Streets in the heart of Dunedin’s warehouse precinct - is owned by Purvis Investments Ltd, which with the support of Arrow International has redeveloped the building, transforming it into apartments with urban chic.

Following fire damage to the roof and interior in 2008, the Stavely building was left to the elements before being purchased by Purvis Investments in 2010. Over the following three years it was refurbished in an extensive programme of works that concluded late in 2014.

The building's roof was replaced, its facade was restored and seismically strengthened and the interior was refurbished to create 11 designer city apartments, all facing onto an inner open courtyard, several with rooftop balconies.

Property Council chief executive Connal Townsend said the awards were increasingly difficult to judge as the bar was raised every year.

Winners are assessed on a range of criteria, including an analysis of all factors that have influenced the individual projects. This includes; economic factors, design and construction, efficiency of operation, owner and user satisfaction, contribution to the community, potential cultural and social benefits, degree of difficulty associated with the development and any environmentally sustainable features and seismic measures incorporated into the project, he said.

“Considerations like environmental sustainability and seismicity have become increasingly important, all within a financially prudent and development environment focused on efficiency and quality.”

ENDS.

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