Auckland councillors backed Downtown Carpark legal fight

Auckland councillors backed Downtown Carpark legal fight
A render of the new tower development on the Downtown Carpark site. (Image: Precinct Properties)
Oliver Lewis
Six Auckland councillors submitted affidavits in support of a judicial review against the sale of the Downtown Carpark that cost their council up to $300,000 in external legal fees and other costs.Councillor Mike Lee said it was disgraceful the council had spent so much on legal bills before the matter was heard in court (the council previously said the sum reflected the complex nature of the proceedings).He added that the council would have incurred costs regardless of whether councillors submitted supporting affidavits, and he made no apology...

More Property

Summerset hastens care model pivot; govt subsidy 'suboptimal'
Property

Summerset hastens care model pivot; govt subsidy 'suboptimal'

Summerset wants 75% of its care units to have an upfront license-to-occupy payment.

Gregor Thompson 28 Aug 2025
Precinct looking for capital partners for PwC Tower
Property

Precinct looking for capital partners for PwC Tower

Precinct Properties wants to finance its last Commercial Bay development.

Gregor Thompson 27 Aug 2025
PFI boss expects NTA discount to close
Property

PFI boss expects NTA discount to close

Property for industry is trading at a 50-cent discount to the net value of its assets.

Gregor Thompson 25 Aug 2025
Banks carry almost $1b of unseen flooding risk: research
Economy

Banks carry almost $1b of unseen flooding risk: research

The fresh academic research came as the reporting season opened.

Staff reporters 25 Aug 2025