adsense
  • While local developers struggle to get large-scale apartment building projects off the ground, foreign funded investment groups are filling the gap in the Auckland market.

A recently announced $300 million apartment building, The Pacifica, is expected to be built in Auckland by 2020, and another large apartment tower is planned for Custom St East. Both will be funded by international property developer Hengyi and  Auckland-based developer Shundi Customs.

READ MORE VIA STUFF

DAVID MACKAY/FAIRFAX NZ
Steve Bielby says restoration of the St James theatre in Auckland will go ahead despite the apartment project being halted.