The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
2 WEEKS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE MORE THAN 550 ALREADY ATTENDING
2 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
10
print
Print
OfficeThu 16 Aug 18

InterContinental Signs On To Anchor Billion Dollar Mixed-Use Precinct in Auckland

96c5c8b6-cadf-4fc6-9546-87010c418d52

Auckland's evolution as a global city continues with one of the world's largest hotel chains signing an agreement for a major new hotel on the city's waterfront.

InterContinental Hotel Group has partnered with Precinct Properties, the largest city centre real estate owner in New Zealand, to launch a flagship InterContinental Auckland hotel as part of the Commercial Bay mixed-use development.

InterContinental Auckland comprises 244 guest rooms and is the final piece of the $1 billion development which also boasts a new 39-level premium office tower with 39,000 sq m of space.

According to Colliers International Hotel Market Snapshot April 2018, Auckland recorded an 11.4 per cent increase in RevPAR for the year ending March 2018.

"Many of New Zealand's markets are now outperforming key regions in Australia, with Queenstown and Auckland ranking first and second respectively in RevPAR growth over the past 12 months across Australasia," states Dean Humphries, Colliers International National Director of Hotels.

The project is designed by local architects Warren and Mahoney with interiors in collaboration with New York-based design firm AvroKO.

In addition to the InterContinental Auckland, One Queen Street will encompass 8,700 sq m of commercial space across seven levels.

The building is 75 per cent pre-committed including a signed heads of agreement across 3,700sq m of office.

LT McGuinness has been appointed as the main contractor with construction scheduled to commence in 2020 with completion in 2022.

HotelInternationalAustraliaReal EstateSector
ADVERTISEMENT
TOP STORIES
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Freecity Rouse Hill triple towers 2 Tempus Street
Exclusive

Freecity Takes Covers Off $330m Triple Towers in Sydney’s North-West

Leon Della Bosca
5 Min
Parallel Workshops Stockdale Housing PBSA project
Exclusive

Suburban Success Story Turns PBSA Thinking on its Head

Leon Della Bosca
7 Min
Exclusive

Interstate Developers Find Lots to Love in ‘Progressive, Affordable’ SA

Taryn Paris
5 Min
Bates Smart Richmond Sportslink HERO
Exclusive

BtR Focus Drives Bates Smart’s Richmond Sportslink Concept

Leon Della Bosca
6 Min
View All >
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
Income growth and price dips have done little to improve the situation, according to fresh data from the Urban Land Inst…
LATEST
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
Industrial

Inland Rail: Site at Rural Hub Comes to Market in Victoria

Lindsay Saunders
2 Min
Residential

Home Affordability Gap Widens Across Asia-Pacific

Lindsay Saunders
3 Min
Stockland's Triniti HERO
Build-to-Rent

Stockland $400m North Ryde BtR Approved on Appeal

Leon Della Bosca
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/intercontinental-signs-on-to-anchor-billion-dollar-mixed-use-precinct-in-auckland