'Competing bid': developer Ninety-Four Feet sought to sidestep Precinct Properties

A concept image of what could replace the earthquake-prone Downtown Carpark building. (Image: Precinct Properties)

Wed, 20 Mar 2024

Just days before Auckland council entered into a conditional agreement with another party, Australian developer Ninety-Four Feet submitted an unsolicited and higher bid to buy the Downtown Carpark building for $180 million.When the bid was received on Nov 21 last year, Auckland councillors were being lobbied by local developer Andrew Krukziener, who presented a submission seeking to stop the sale of the building to Precinct Properties. The council could be getting a better return, he argued, and it should only sell development rights above...

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