UPDATE: Precinct's Commercial Bay development faces more delays, higher costs

Tue, 28 May 2019

(Adds comment from Fletcher Building in the 14th paragraph, updates share price in final paragraph) By Rebecca Howard May 29 (BusinessDesk) - Precinct Properties New Zealand says its high profile Commercial Bay development being built by Fletcher Building will now take even longer and cost more. The total cost for the redevelopment of the former Downtown shopping centre at the bottom of Auckland’s Queen Street will now be $690million-$700 million, versus its February forecast of $690 million. It now expects the retail centre to b...

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