Auckland mayor Wayne Brown opposes sale of downtown car park building

Auckland mayor Wayne Brown opposes sale of downtown car park building
The downtown car park and Hobson St flyover, middle, could both be demolished as part of redevelopment plans. (Image: Eke Panuku)
Oliver Lewis
Negotiations are ongoing to develop what’s been called the most exciting site in central Auckland – but the new mayor isn’t a fan. In December 2020, the council’s finance and performance committee approved a competitive market process to select a developer to purchase and redevelop the downtown car park building on Customs St West. It followed an unsolicited offer earlier that year by Precinct Properties, the publicly-listed developer behind the nearby Commercial Bay development. Following the competitive...

More Infrastructure

CCHL directors resign en masse
Infrastructure

CCHL directors resign en masse

Four directors are leaving with immediate effect, citing dividend frontloading.

Oliver Lewis 15 May 2024
Big rewards for solar pioneers
Infrastructure Analysis

Big rewards for solar pioneers

Solar farm expert estimates the property is returning capital at more than 20% per annum.

Jevon Carding 15 May 2024
Inflation outpaces Auckland housing
Economy

Inflation outpaces Auckland housing

Prices trail inflation, especially in Auckland, while listings soar in Wellington.

Dileepa Fonseka 14 May 2024