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Precinct commits to One Queen St as office vacancies rise

JLL says Precinct’s premium assets are pulling tenants away from other CBD buildings. Following a year-long delay, NZX-listed Precinct Property has recommitted to its One Queen St development, but with a few tweaks. The development, integrated into Commercial Bay, will include a luxury   Choose your best value subscription option here. Already have an account? Login
Precinct Property Commercial Bay ப்ரீஸியெக்ட் ப்ராபர்டீ வணிகரீதியானது வளைகுடா
Source: nbr.co.nz

Paused property development pipeline causing headaches

Active management of firms, rather than waiting and hoping, the key says one. A string of high-profile developments have been paused in the wake of the Covid-19 pandemic, but it is likely to be just the beginning, according to one architect. Heading the list, Auckland Airport has suspended construction of its second runway, Domestic Jet Hub, a multi-storey carpark, and construction of a 146-room hotel, collectively worth more than $2 billion. Other projects on hold indefinitely include ...
New Zealand Goodman Property Auckland Airport Domestic Jet Hub Goodman Property Trust Precinct Property
Source: nbr.co.nz

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