Precinct Properties to buy Dominion Rd, Queen St sites

Precinct Properties has a conditional agreement to acquire this site fronting Dominion and Valley Rds for $13.25 million. (Image: Precinct Properties)

Oliver Lewis

Wed, 05 Jun 2024

Precinct Properties is extending its empire beyond the waterfront, announcing agreements to acquire properties on Queen St and Dominion Rd and move into the student accommodation sector.The NZX-listed developer behind the $1 billion Commercial Bay development in downtown Auckland notified the stock exchange on Wednesday morning of the move, saying it was the next step in a strategy it initiated 18 months ago to diversify into multi-unit residential development.The pivot started at the end of 2022 when Precinct entered into a joint venture (JV)...

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