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.
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.
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.
CP Group Ltd (Charles Pandey) has bought the 247-room Novotel Ibis Auckland Ellerslie for a record price of just over $55 million.
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.
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.