Developing the future.

We aim to create world class mixed-use commercial real estate - spaces that are vibrant and enable businesses to thrive. Our project locations are well-connected to major public transport routes and include a mix of retail, hospitality and office.

In 2020, we completed Commercial Bay in Auckland. This waterfront block between lower Queen and Albert Streets comprises five commercial office towers. Central to this office community is the Commercial Bay retail centre, filled with 120 local and international fashion brands, health and beauty amenity as well as bars, restaurants and eateries. Collectively, Commercial Bay is home to 10,000 workers, a third of those occupying the PwC Tower, as incredible building standing 180 metres tall and has transformed Auckland's skyline.

Precinct has an active development pipeline leveraging our scale, financial strength and management expertise. Current developments include Stage 3 of our commercial development in Wynyard Quarter, Auckland's innovation precinct.

We are excited to be advancing our living strategy recently entering the residential sector. In 2022, Precinct entered a JV with property developers Lamont & Co, and recently announced moving to 100% ownership of this business. The development activity is focused on build-to-sell midmarket to luxury residential, in city fringe and high-density urban locations along with high quality student accommodation. The multi-unit residential development market is a natural extension of Precinct’s core business, which is focused on high quality mixed-use precincts.