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- Release Date: 08/07/13 10:30
- Summary: GENERAL: PCT: Precinct CRL negotiations with Auckland Council
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PCT
08/07/2013 08:30
GENERAL
REL: 0830 HRS Precinct Properties New Zealand Limited
GENERAL: PCT: Precinct CRL negotiations with Auckland Council
Scott Pritchard, the Chief Executive of Precinct Properties, said today the
company has entered negotiations with Auckland Council with a view to
coordinating the timing of works at the Downtown Shopping Centre with the
building of a tunnel at the site for the City Rail Link.
"We welcome the chance to work together with the Council as obviously it
would make a lot of sense to coordinate timing so they can advance works for
the CRL tunnel at this site at the same time as we develop the Downtown
Centre."
While it was still early days, he said the company's work at the Centre would
deliver on a long-held vision of building on the natural advantages of the
location to create an attractive new precinct with quality office space and a
new level of retail experience.
"We have had a strategy of focussing on the harbour-front area for some time.
This is a unique location right on the waterfront and near Auckland's
transport hub. It offers an exciting opportunity to create a special area in
the heart of the city to attract people into Queen St."
Precinct has been a long-standing supporter of the City Rail Link and the
Council's City Centre Masterplan.
Precinct will seek world-class input into planning for the location. But the
process is still at a very early stage, with actual physical works not
expected to begin until 2016.
For further information, contact:
Scott Pritchard
Chief Executive Officer
Office: +64 9 927 1640
Mobile: +64 21 431 581
Email: [email protected]
George Crawford
Chief Financial Officer
Office: +64 9 927 1641
Mobile: +64 21 384 014
Email: [email protected]
About Precinct (PCT)
Precinct is New Zealand's only specialist listed investor in prime and
A-grade commercial office property. Listed on the New Zealand Exchange, PCT
currently owns 17 New Zealand buildings - Auckland's PricewaterhouseCoopers
Tower, ANZ Centre, SAP Tower, AMP Centre, Zurich House and Downtown Shopping
Centre; and Wellington's State Insurance Tower, Vodafone on the Quay, 171
Featherston Street, 125 The Terrace, No. 1 and 3 The Terrace, Pastoral House,
Mayfair House, 80 The Terrace, Deloitte House and Bowen Campus.
End CA:00238286 For:PCT Type:GENERAL Time:2013-07-08 08:30:03
