Precinct Properties NZ Ltd has acquired the remaining 50% of flexible office space provider Generator NZ Ltd for $7.4 million, after buying half the company in May 2017.
The 2-year task of reinstating Albert St began last week while, over at Britomart, excavation for the city rail link tunnel can now proceed at full speed.
Cooper and Co NZ said on Monday construction of the 104-room hotel it will build in the middle of the Britomart precinct in downtown Auckland to take 20 months.
Precinct Properties NZ Ltd has conditionally acquired a 50% interest in the Generator business, which operates 3000m² of co-working space at 3 areas in Britomart.
Britomart Station’s Queen St entrances closed yesterday. The new entrance is at the back of the station building, on Commerce St.
After disruption on many streets around central Auckland to prepare for the city rail link, contractors will start the first phase of work on the project at the Britomart transport centre this week.