Ngāti Whātua launches investment platform for Auckland projects

The Auckland iwi is seeking co-investment in the Downtown Carpark redevelopment. (Image: Precinct Properties)

Wed, 31 Jul 2024

Ngāti Whātua Ōrākei has launched a new investment platform to direct iwi capital towards projects in Auckland, with the redevelopment of the Downtown Carpark pitched as the first opportunity.The Auckland iwi has partnered with New Zealand Exchange-listed (NZX) Precinct Properties on the project, which involves demolishing the carpark building and redeveloping the site with two mixed-use high-rise towers. Precinct, the developer behind Commercial Bay, entered a conditional agreement with Auckland Council regeneration agency Eke Panuku last...

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