What’s at stake:The CBD development company has shifted its focus to residential and believes the future is in build-to-sell, versus adopting an institutional build-to-rent model.
Background: Precinct Properties wants to bring 200 new residential units on stream every year as part of its latest residential strategy, a steer away from its focus on vertical office towers and upmarket retail developments, notably at its Commercial Bay waterfront development.
Main players:Precinct Properties, Scott Pritchard, Eke Panuku, Auckland Council, Kiwi Property, Ngati Whatua Orakei, Andrew Krukziener.
Listed property company Precinct Properties says it will settle its latest purchase at 256 Queen St by end of June, as its newfound residential strategy gains momentum.
The site, which formerly fed students as the city’s McDonald’s, will now house them, with plans for more than 500
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What’s at stake:The CBD development company has shifted its focus to residential and believes the future is in build-to-sell, versus adopting an institutional build-to-rent model.
Background: Precinct Properties wants to bring 200 new residential units on stream every year as part of its latest residential strategy, a steer away from its focus on vertical office towers and upmarket retail developments, notably at its Commercial Bay waterfront development.
Main players:Precinct Properties, Scott Pritchard, Eke Panuku, Auckland Council, Kiwi Property, Ngati Whatua Orakei, Andrew Krukziener.
