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Will a developer’s $1b+ bet on Auckland pay off? | nzherald.co.nz

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Precinct Properties spent 12 years and more than $1b on its Commercial Bay development. How it expects to earn off the asset in this economic environment.

Videography / Editing | Carson Bluck | Corey Fleming | Kane Dickie

00:00 Intro
00:33 Commercial Bay development
02:16 Interview with Precinct GM
04:19 Mixeduse model
05:08 Value of development
06:19 Earning off the asset
07:16 Auckland economy
08:40 Tourism spend
09:41 Choosing vendors
11:46 Taking turnover
12:15 Celebrating completion
12:51 CBD crime
14:05 Outro

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