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Precinct Properties reignites $200m-plus Auckland waterfront block redevelopment


Precinct Properties reignites $200m-plus Auckland waterfront block redevelopment
7 Mar, 2021 09:00 PM
5 minutes to read
Precinct Properties has reignited $200 million-plus plans for an Auckland waterfront block, after deferring its scheme last year when Covid struck.
But a revised plan is now more in line with pandemic conditions: the new
hotel for the building is far smaller and more flexible office space will be offered to commercial tenants.
Scott Pritchard, Precinct chief executive, said plans were now in place to begin work in the next six months on the ex-HSBC House opposite the Ferry Building on Quay St.
All tenants had now been decanted or left, he said, ready for work to start. ....

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A review of things you need to know before you go home on Tuesday; no retail rate changes, confidence up, MM jumps, tractor sales low, eyes on bank dividends, swaps & NZD little-changed, & more


Aussie regulator ASIC has
investigated school banking programs. It found these programs claim to help children develop long term savings habits; however, providers were unable to demonstrate that in and of themselves they improve savings behaviour. They also found payments to schools for implementing school banking programs incentivise schools to encourage greater participation in the programs. Another finding is that young children are vulnerable consumers and are exposed to sophisticated advertising and marketing tactics by school banking program providers. And finally, ASIC said school banking program providers failed to disclose that a strategic objective of these programs is customer acquisition. ....

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