Developing the future.
Precinct Properties deliver buildings and precincts that help transform the city centres of Auckland and Wellington.
Our approach to development is to create precincts that our clients thrive in and that city centre residents, visitors and wider communities enjoy being in. We want our office buildings to be the preferred place to work in the Auckland and Wellington city centres.
The trend of centralisation and a resurgence of CBDs is something that we have observed globally. We aim to create world class real estate linked to the success of vibrant and prosperous cities around the world.
Auckland investment is viewed as highly desirable. With the City Rail Link underway and just under half of New Zealand’s net migration settling in Auckland, growth in the Auckland city centre is booming. To utilise the opportunities created by Auckland’s growth, we have increased our weighting to the Auckland market.
Our focus is on regeneration precincts such as Auckland’s Wynyard Quarter and well-connected properties such as Commercial Bay and Wellington’s Bowen Campus.
Precinct’s origins are as office specialists, but with several mixed-use developments in progress, we have shifted our focus to city centres to maximise the value potential of our work. This is particularly notable with Commercial Bay as a mixed-use precinct including retail, food and beverage and a hotel alongside the new PwC Tower, delivering high-performance office space.
We have an active development pipeline leveraging our scale, financial strength and management expertise. Currently, Precinct has a range of development projects underway with a combined value on completion of $1.2 billion.
At Precinct, we approach our development and regeneration projects as a long-term owner rather than a developer. We proudly own and manage all the projects we have completed since 2000. This approach is underpinned by a commitment to a long-term focus on quality design and construction.
Our development projects.
Wynyard Quarter Innovation Precinct
A smarter way to work.
Commercial Bay is set to be the most transformational project Auckland has ever seen.
Transforming Wellington's government precinct.