The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
UPCOMING EVENT - INDUSTRIAL AND LOGISTICS SUMMIT 16 OCTOBER, SYDNEY
INDUSTRIAL AND LOGISTICS SUMMIT - TICKETS NOW ON SALE
LEARN MOREDETAILS
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
a land lease community home in white at a gemlife development, a type of home which could be the answer to the housing crisis
Residential

‘We are the Solution’: Land Lease Shake-Up Stirs into Life

Renee McKeown
5 Min
Korean coliving hero
Exclusive

Disconnection by Design: Why ‘Untech’ is the Next Big Amenity

Clare Burnett
5 Min
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
7 Min
Salta MD Sam Tarascio
Exclusive

Why Salta Won’t Break Ground on $400m Pipeline

Leon Della Bosca
7 Min
Exclusive

Precinct Proposals Bloom as Brisbane Middle-Ring Sheds its Past

Phil Bartsch
8 Min
View All >
Darwin Sentinel Industrial East Arm Deal hero
Industrial

Sentinel Property Expands NT Portfolio with $57.4m Buy

Phil Bartsch
Legal

Court Freezes Assets as $160m Property Scheme Unravels

Vanessa Croll
a land lease community home in white at a gemlife development, a type of home which could be the answer to the housing crisis
Residential

‘We are the Solution’: Land Lease Shake-Up Stirs into Life

Renee McKeown
Policy framework is in place, land is available, but there’s one hurdle to clear before the sector can works its magic..…
LATEST
Darwin Sentinel Industrial East Arm Deal hero
Industrial

Sentinel Property Expands NT Portfolio with $57.4m Buy

Phil Bartsch
2 Min
Legal

Court Freezes Assets as $160m Property Scheme Unravels

Vanessa Croll
2 Min
a land lease community home in white at a gemlife development, a type of home which could be the answer to the housing crisis
Residential

‘We are the Solution’: Land Lease Shake-Up Stirs into Life

Renee McKeown
5 Min
Industrial

Centennial’s Paul Ford: From Vision to Industrial Vanguard

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