Precinct Properties NZ Ltd expects construction of its Commercial Bay project in downtown Auckland to be completed next month, but it’s put its neighbouring One Queen St redevelopment project on hold.
Read more →Customs St
Precinct Properties presents a long list of positives from development & in financial structure
Major commercial property owner – and nowadays developer – Precinct Properties NZ Ltd lifted its net profit after tax for the year to June by 57.2% to $254.9 million.
Read more →Rail tunnel excavation of Customs St intersection begins
Crossing the diagonal between the Old Customhouse & Quay Tower at Auckland’s downtown Customs-Albert St intersection, pedestrians can’t miss the rising Commercial Bay office tower and the barricades for tunnel construction.
Read more →52-storey Customs St tower gets consent
Architecture firm Peddle Thorp released details today of a 52-storey apartment tower on Customs St East, to be built within the next 3-4 years.
Read more →Pandeys buy Novotel Ibis at Ellerslie
CP Group Ltd (Charles Pandey) has bought the 247-room Novotel Ibis Auckland Ellerslie for a record price of just over $55 million.
Read more →2 plush cbd apartments sell
Both cbd apartments taken to auction at Bayleys yesterday were sold under the hammer – one in the Galleries overlooking the Viaduct precinct and the other atop the office building where Customs St meets Beach Rd, Emily Place & Fort St.
Read more →Precinct QEII Square plan change up for notification
Precinct Properties NZ Ltd’s private plan change 79, to incorporate the 1892m2 Queen Elizabeth II Square into its Downtown Centre redevelopment, goes to Auckland Council’s Auckland development committee on Thursday for a decision on how it should progress.
Read more →Spark Building D price settles at 7% yield
The price Shanghai Pengxin (Zhaobai Jiang) has paid for Spark City Building D (pictured) yoyo-ed for months before settling at a 7% yield.
Read more →Tracking ideas W25Mar15 – The art of making cities liveable
The art of making cities liveable
Read more →Wynyard Quarter dominates next office growth
Just over half the 100,000m² of office space forecast to be developed in the Auckland cbd over the next 5 years will be in the district’s Wynyard Quarter extension.
Read more →Precinct working on Innovation Precinct deal as it plans Downtown project and lifts profit
Precinct Properties NZ Ltd increased net profit after tax by 67%, announced that it’s in exclusive negotiations to become Waterfront Auckland development partner for commercial office within the Innovation Precinct, and is planning for a 2016 start on redevelopment at Downtown.
Read more →Precinct to tie in Downtown redevelopment with rail tunnel
NZX-listed Precinct Properties Ltd has entered negotiations with Auckland Council to co-ordinate the timing of works at the Downtown Shopping Centre with the building of a tunnel at the site for the city rail link. Precinct chief executive Scott Pritchard said on Monday, on the 10th anniversary of the Britomart station, it would obviously […]
Read more →Developer looks for speedy rise of new Customs St bank building
Published 27 January 2010 Customs St developer Tim Edney hopes to proceed quickly to consent for the 26-level commercial, retail & office tower which – still unofficially – will house ANZ Banking Group Ltd’s new Auckland headquarters, opposite Westpac’s Britomart office. Independent commissioner Greg Hill agreed to non-notification of the application to the Auckland […]
Read more →Commissioner rejects AMP trust’s attempt to force notification of development for ANZ
Published 22 January 2010 Planning commissioner Greg Hill has rejected an AMP NZ Office Trust attempt to force development of a new office block opposite Britomart on Customs St East to be publicly notified. The AMP trust itself fought strenuously – and successfully – in 2000 to prevent notification of its PWC Tower on […]
Read more →Accor brings Pullman brand to Auckland cbd
Published 5 March 2008 Accor Hotels will open its first New Zealand hotel in the new Pullman chain in Auckland in 2010, on what is currently a rundown side of town but one that’s fast changing. By the time site owner CP Group Ltd (Charles Pandey) has refurbished the former Reserve Bank building on […]
Read more →Old Seatrans House sold
Published 23 March 2006 CBD, 71-77 Customs St East, the 4-level glass sheathed ICL building, with ground-level retail and basement parking for 16 cars, has been sold for about $4 million with vacant possession. It’s likely to be redeveloped. The existing 1740m² building, on a 543m² site, was completed in 1986 at an estimated cost […]
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