Auckland's Queen Elizabeth Square re-zoned, paving way for Precinct purchase

Fri, 22 Jan 2016

By Sophie Boot Jan. 22 (BusinessDesk) - Auckland Council has approved the rezoning of the city's Queen Elizabeth Square, pushing forward its sale to Precinct Property Group. The Auckland-based property investor said the council publicly notified the approval of rezoning by the independent commissioners appointed to consider the request. Precinct agreed to a $27.2 million conditional purchase of the 1900-square-metre site in February last year, as part of a deal with the council to enable the construction of the City Rail Link. Barring...

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