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

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 - Mixed-use 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
Watch more Markets with Madison episodes here: tinyurl.com/33z2d3nf
Follow Markets with Madison on Instagram: / markets.wit. .
Follow Markets with Madison on TikTok: / madison.reidy
Follow Madison Reidy on Twitter: / maddireidy
Check out our playlists: goo.gl/Swd249
Subscribe and be notified of breaking news: goo.gl/LP45jX
Check out our playlists: goo.gl/Swd249
Like NZ Herald on Facebook: goo.gl/tUC4oq
Follow NZ Herald on Instagram: goo.gl/oLicXe
Follow NZ Herald on Twitter: goo.gl/Wi6mbv

[@nzheraldtv]

No margaritas were had in the making of this episode - although I was tempted!
Interested in your thoughts on this development and the state of Auckland's economy. Drop them below.
Madison

[@ryanjohnsonhunt]

Looking forward to checking out that rooftop bar!

[@grizzz6884]

very interesting to see the other side of the coin .
also interesting that by taking a cut of sales , they will have skin in the game . so can't just say pay the rent and not my problem

[@rahuldsouza2855]

It will be interesting to see what will happen in NZ, once the Greens, Maori and Labour introduce their wealth tax. My prediction is,that this country's economy will collapse after all the big players move their investments elsewhere.