Anne GibsonProperty Editor·NZ Herald·1 Nov, 2026 08:29 PM3 mins to readPrecinct Properties CEO Scott Pritchard on shelving the Downtown project, the impact on Auckland’s CBD and what comes next for development. Video / Herald NOW BusinessRising interest rates prompted Precinct Properties to park its $1.5 billion 55-level planned office tower on the Downtown Carpark site near Auckland’s waterfront. Speaking today on Herald NOW Business with Garth Bray, Precinct chief executive Scott Pritchard cited
Precinct Properties CEO says rising interest rates ‘ultimately’ parked $1.5b 55-level Downtown Carpark office tower
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