One of the world's biggest clothing retailers has signed up for Auckland's new $681 million 39-level waterfront tower, Commercial Bay.
Scott Pritchard, Precinct Properties NZ chief executive, this morning told the NZX that H&M had leased space in the tower, about to rise on the Downtown shopping centre site between Lower Queen St and Lower Albert St. HSBC is moving into one of the existing buildings on the site.
On Saturday, the 70-store Downtown Mall shut to make way for construction of the new tower, which forms part of the wider Commercial Bay development.
"H&M and HSBC are both internationally recognised brands and we're delighted with their early commitment to Commercial Bay," said Pritchard.