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 we have observed globally. We aim to create world class commercial real estate that brings vibrancy to spaces and enables our clients to thrive.
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, prime locations like Commercial Bay and Wellington’s Bowen Campus.
Precinct built its business focusing primarily on city centre office accommodation. Over the years it has diversified its portfolio to include mixed-use utility for example retail and hospitality offerings.
Most notably, Commercial Bay in Auckland is now a precinct that connects five commercial office towers. At its heart is a world-class retail centre that combines 130 local and international fashion brands, health and beauty amenity as well as bars, restaurants and eateries. The new PwC Tower, standing at 180 metres tall, has transformed Auckland's skyline and put Commercial Bay on the map.
Precinct has an active development pipeline leveraging its scale, financial strength and management expertise. Currently, Precinct has a range of development projects underway with a combined value on completion of $195 million.
We are a long-term owner of our assets and this approach influences the quality of design and construction of all our development and regeneration projects. We proudly own and manage all the projects we have completed since 2000.
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.