
Construction Finance
15 Nugent Street, Grafton
Auckland
Value at completion
$115.9m
$69m
Funding Secured
5.35%
BKBM
15 Nugent Street, Grafton is a landmark $115 million apartment development in Auckland’s fringe CBD. Designed by Leuschke Group Architects, the six-storey project delivers 98 premium residences supported by two basement levels of secure carparking and a ground-floor commercial space. The development offers a considered mix of two and three-bedroom apartments, each incorporating high-quality finishes, enclosed winter gardens and generous outlooks across the city and Mt Eden.
Atlas Capital successfully arranged NZ$69 million in construction funding for the project, sourced from a leading Sydney finance partner. The facility was structured at BKBM + 5.35%, with drawdown conditional on achieving 35% of presales. This outcome reflects Atlas’ strength in structuring cross-border finance at scale, matching Australasian capital with New Zealand’s largest urban living projects.
Located in the sought-after suburb of Grafton, 15 Nugent Street benefits from proximity to Auckland’s CBD, Newmarket retail, tertiary campuses, and key transport links including the City Rail Link. The development capitalises on Auckland’s ongoing demand for quality housing supply in prime fringe-city locations, appealing to both investors and owner-occupiers.
When others can't secure finance, we can.
Finance shouldn't be the barrier between you and your project's completion. Contact us to explore your options - because where there's a will (and a property to develop), there's a way. We offer a free strategy session to explore your options and plot a course to financing success.