Pacifica developer says tower wouldn't have been built under current rules

Mon, 31 Aug 2020

The skyline defining Pacifica, which at 178-metres will be New Zealand's tallest residential tower, dwarfed only by the Sky Tower in Auckland, wouldn’t have got off the ground under the current government’s regulatory settings, its developer has warned.Liz Scott, NZ general manager and director of Hengyi Pacific, said foreign investment confidence into NZ had “taken a knock” in the wake of Overseas Investment Act amendments and this with border entry limitations since construction started on the Auckland CBD site mea...

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