Page 32 - Precinct Properties News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Chris McKeen/Stuff Precinct Properties is the developer behind Commercial Bay, which sits adjacent to the downtown car park site. The successful developer must deliver a mixed-use development with “future-focused transport facilities”. Purchase conditions include a bus facility, support for e-scooters and bikes, and mobility parking. A 180-metre tower can be built at the site under regulations enforced by Auckland's Unitary Plan. An Eke Panuku spokeswoman said the competitive market process began on Monday with market testing. “Market testing is early engagement with a range of indu...

“Our lead has been taken from the Aussie market and that is based around what is happening with Covid,” said Craigs Investment Partners investment adviser Peter McIntyre. “Investors are tending to be a little bit wary. “There’s definitely a slightly more concerning feel about what may happen next and I think investors are just that little bit more cautious.” Air New Zealand/Facebook Tourism stocks weakened as investors were wary about the impact of Covid-19. Tourism stocks declined. Tourism Holdings fell 3.1 per cent to $2.52, Auckland International Airport dropped 2.2 per cent...

Aucklanders are about to experience a new downtown waterfront park which is 30 months in the making.

Commercial Bay's skyscraper office tower rises more than 10 per cent in value despite the disruption of the pandemic.

“It was pretty challenging times, we couldn't really believe what was happening,” he said. “But you just have to stay really level-headed, deal with facts and control what you can control. That was really the focus of the team at the time." Jason Dorday/Stuff Precinct Properties chief executive Scott Pritchard says the precinct had an “amazing” reception until Auckland went into lockdown due to Covid-19 two months later. Pritchard said it received an “amazing response” from the public in its first two months, but the second lockdown "knocked the stuffing” out of the industr...