One of Aotearoa's largest property company's says it is a big believer in Auckland and its potential, but the time is just not right for a mega downtown development. Precinct's plan for a $1.5 billion tower block in the CBD has been put on hold. It was planned to be 55 stories, accomodating 7000 workers, alongside retail and hospitality space. The project had fast track consent, and was in advanced negotiations to lease 50 percent of the office space. Precinct Property CEO Scott Pritchard spoke to Lisa Owen.
