{"id":172870,"date":"2026-11-02T03:29:19","date_gmt":"2026-11-01T20:29:19","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-ceo-says-rising-interest-rates-ultimately-parked-1-5b-55-level-downtown-carpark-office-tower\/"},"modified":"2026-11-02T03:38:44","modified_gmt":"2026-11-01T20:38:44","slug":"precinct-properties-ceo-says-rising-interest-rates-ultimately-parked-1-5b-55-level-downtown-carpark-office-tower","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-ceo-says-rising-interest-rates-ultimately-parked-1-5b-55-level-downtown-carpark-office-tower\/","title":{"rendered":"Precinct Properties CEO says rising interest rates \u2018ultimately\u2019 parked $1.5b 55-level Downtown Carpark office tower"},"content":{"rendered":"


\nCompany will keep Downtown Carpark going: rising interest rates made the tower not viable.
\n
\nSource : nzherald.co.nz\/Property
\nRead more…Precinct Properties CEO says rising interest rates \u2018ultimately\u2019 parked .5b 55-level Downtown Carpark office tower<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Company will keep Downtown Carpark going: rising interest rates made the tower not viable. ...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-172870","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-IYe","jetpack-related-posts":[{"id":148822,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aucklands-tallest-office-apartment-tower-planned-for-downtown-carpark-site-by-precinct-properties\/","url_meta":{"origin":172870,"position":0},"title":"Auckland\u2019s tallest office, apartment tower planned for downtown carpark site by Precinct Properties","date":"January 17, 2025","format":false,"excerpt":"\r Details revealed in application approved under new Fast-Track Approvals act.\r \r Source : nzherald.co.nz\/Property\r Read more...Auckland\u2019s tallest office, apartment tower planned for downtown carpark site by Precinct Properties","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172452,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-delays-second-tower-at-auckland-downtown-carpark-site-on-sluggish-residential-property-market\/","url_meta":{"origin":172870,"position":1},"title":"Precinct Properties delays second tower at Auckland Downtown Carpark site on sluggish residential property market","date":"August 28, 2026","format":false,"excerpt":"\r Scott Pritchard, Precinct: 'The residential market continues to be quite sluggish.'\r \r Source : nzherald.co.nz\/Property\r Read more...Precinct Properties delays second tower at Auckland Downtown Carpark site on sluggish residential property market","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-wins-fast-track-draft-decision-for-twin-tower-auckland-skyscrapers\/","url_meta":{"origin":172870,"position":2},"title":"Precinct Properties wins fast-track draft decision for twin-tower Auckland skyscrapers","date":"July 8, 2026","format":false,"excerpt":"\r Towers of 55 and 45 levels are proposed on the Downtown Carpark site, on Fanshawe St.\r \r Source : nzherald.co.nz\/Property\r Read more...Precinct Properties wins fast-track draft decision for twin-tower Auckland skyscrapers","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-delays-massive-downtown-carpark-project\/","url_meta":{"origin":172870,"position":3},"title":"Precinct Properties delays massive Downtown Carpark project","date":"October 30, 2026","format":false,"excerpt":"\r Precinct will keep the Downtown Car park, targeting a yield on cost of around 5%.\r \r Source : nzherald.co.nz\/Property\r Read more...Precinct Properties delays massive Downtown Carpark project","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172450,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-aims-for-50-office-pre-commitment-of-auckland-downtown-carpark-towers\/","url_meta":{"origin":172870,"position":4},"title":"Precinct Properties aims for 50% office pre-commitment of Auckland Downtown Carpark towers","date":"August 27, 2026","format":false,"excerpt":"\r Property devaluations pushed the company to an $8.2m net after-tax annual loss.\r \r Source : nzherald.co.nz\/Property\r Read more...Precinct Properties aims for 50% office pre-commitment of Auckland Downtown Carpark towers","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-insider-st-ignatius-of-loyola-catholic-college-to-open-ryman-result-messy-downtown-carpark-alternative-new-41-level-tower-topped-off\/","url_meta":{"origin":172870,"position":5},"title":"Property Insider: St Ignatius of Loyola Catholic College to open; Ryman result \u2018messy\u2019; Downtown Carpark alternative; new 41-level tower topped off","date":"December 4, 2023","format":false,"excerpt":"\r St Ignatius of Loyola to have nearly 340 pupils when it opens in February.\r \r Source : nzherald.co.nz\/Property\r Read more...Property Insider: St Ignatius of Loyola Catholic College to open; Ryman result \u2018messy\u2019; Downtown Carpark alternative; new 41-level tower topped off","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172870"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=172870"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172870\/revisions"}],"predecessor-version":[{"id":172871,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/172870\/revisions\/172871"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=172870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=172870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=172870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}