Commercial Bay to reopen on June 11 | NZ Market Update

  • May 30, 2020 NZST
  • Team Kalkine

The New Zealand Transport Agency (NZTA) will pay $14 million to the builders of Transmission Gully as the beleaguered project looks to get back on track following the coronavirus crisis. The $1 billion road is a Public-Private Partnership between NZTA, the contractor, Wellington Gateway Partnership and the builder, CPT HEB Joint venture.

Commercial Bay, the $700 million shopping centre in downtown Auckland, will open on June 11 after an 8 month delay. The centre was scheduled to open on March 28, just days after New Zealand moved into the level 4 lockdown. The Precinct Properties development includes a 39,000 square-metre office tower and 18,000sqm of retail space.

Houses went unsold with some attracting no bids at the first large post-Covid property auction in Queenstown. Bayleys Queenstown auctioned residential 19 properties from their Frankton office on Friday. Three sold early in the auction including a three-bedroom, two-bathroom home at Lake Hayes Estate fetching $800,000 and two homes with attached units at Shotover Country, one selling for $800,000 and the other for $1.25 million.

#Realestate #NZTA #realestatenews #Kalkine


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