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Will a developer’s $1b+ bet on Auckland pay off?

Precinct Properties spent 12 years and more than $1b on its Commercial Bay development. How it expects to earn off the asset in this economic environment. Subscribe to Markets with Madison:    / @marketswithmadison   00:00 - Intro 00:33 - Commercial Bay development 02:16 - Interview with Precinct GM 04:19 - Mixed-use model 05:08 - Value of development 06:19 - Earning off the asset 07:16 - Auckland economy 08:40 - Tourism spend 09:41 - Choosing vendors 11:46 - Taking turnover 12:15 - Celebrating completion 12:51 - CBD crime 14:05 - Outro Videography / Editing | Carson Bluck | Corey Fleming | Kane Dickie Follow Markets with Madison on Instagram:   / markets.wit.  . Follow Markets with Madison on TikTok:   / madison.reidy   Follow Madison Reidy on Twitter:   / maddireidy   Check out our playlists: https://goo.gl/Swd249 Subscribe and be notified of breaking news: https://goo.gl/LP45jX Check out our playlists: https://goo.gl/Swd249 Like NZ Herald on Facebook: https://goo.gl/tUC4oq Follow NZ Herald on Instagram: https://goo.gl/oLicXe Follow NZ Herald on Twitter: https://goo.gl/Wi6mbv

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