Ex-Todd Property shopping centre in east Auckland put up for sale by new owners

6 February 2020

The new owners of Stonefields Market, an Auckland neighbourhood shopping centre, are selling the property a few months after buying it in mega-property deal with the billionaire Todd family.

NZ Prop Co, the consortium of local and overseas investors that bought the majority of the Todd family’s residential land development and property assets, has put the open air shopping centre servicing the new Stonefields suburb up for sale.

NZ Prop Co’s directors include well-known property developers Nigel McKenna of Auckland and Christchurch rich-lister Ben Gough of the wealthy Gough family.

The centre is at the entrance to Stonefields in eastern Auckland which was developed by Todd Property, the property development arm of family-owned Todd Corporation, over the past ten years. It has transformed 110 hectares of a disused quarry in Mt Wellington into an urban village where the modern houses stand shoulder to shoulder on small sections.