Precinct Properties still backs Fletcher as Commercial Bay development pushed out

Wed, 15 Aug 2018

By Rebecca Howard Aug. 16 (BusinessDesk) - Precinct Properties New Zealand says the Commercial Bay project in downtown Auckland will be completed a little later than scheduled but is still backing contractor Fletcher Construction to complete the $1 billion development. The listed commercial property investor has already signalled that its Commercial Bay project might be delayed as Fletcher Building's construction unit - like many building companies - faces escalating costs largely due to capacity constraints. Precinct chief executiv...

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