NZ Urban Development news from the media | 31 Mar | The $700m Commerical Bay opening delayed again, this time by lockdown


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 24 March 2020.

Provided by Rockhopper Development Advisory, a member of:                             

The $700m Commerical Bay opening delayed again, this time by lockdown

Large building owner Precinct Properties is shutting all its buildings and building sites delaying the completion of its much-anticipated $700 million Commercial Bay development in Auckland because of the Government's four-week coronavirus lockdown.

"Following the announcement made by the New Zealand Government that New Zealand has been placed in Covid-19 alert level 3 and it will be rising to level 4 on Wednesday, Precinct Properties New Zealand Limited advises that all of its buildings and construction sites are in the process of being safely and securely closed," chief executive Scott Pritchard said.

The Housing Dashboard - February 2020

The Government housing programme dashboard is published by the Ministry of Housing and Urban Development, using publicly available information from various government agencies and partners. The February 2020 dashboard shows the latest facts on housing progress across the housing system.

Millenniun & Copthorne shutting some hotels and cutting jobs because of the Covid-19 pandemic

TThe second biggest hotel chain is closing some hotels on Thursday, the start of the four-week Government-ordered nationwide lockdown, and talking to staff about redundancies.

The news follows the Millennium & Copthorne Hotels chain saying last week it was in crisis as border restrictions and the impact of coronavirus Covid-19 impacted the tourism industry.

Millennium & Copthorne managing director BK Chiu said the company would be closing some hotels from Thursday but did not say how many and which ones, in an update to its shareholders.

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