Buyer sought for unfinished Seascape tower on Auckland waterfront
The enormous $300 million Seascape tower has been unfinished since construction stalled in 2024 but Bayleys real estate agency says it's on track to choose a preferred buyer within the next month.
A costly, unfinished tower on Auckland's waterfront could be up for sale soon. The $300 million Seascape tower has been left idle since work halted in 2024. Bayleys, a local real estate agency, says they are close to selecting a preferred buyer within the next month. Neighbour Judy Rawhiti finds the 56-storey structure unsightly and disruptive, blocking her former view of Devonport.
When the wind blows, she says, it sounds like a train passing, a haunting noise she refers to as the "ghost building." Construction began in 2017 and was supposed to finish by 2021, but Covid-19 delays pushed it to 2024. A dispute between developer Shundi Customs and contractor China Construction NZ brought the project to a standstill.
Rawhiti would prefer the tower be demolished, but if a new owner steps in, she'd be more content. She hopes the building will be dismantled if purchased, especially the top levels that have no windows and are exposed to the elements. Bayleys' managing director, Mike Bayley, believes the degradation concerns are overstated and that the structure's appearance won't be as bad as some speculate.
They have received positive interest from potential buyers, and a shortlist made it to the next phase of the sale. The agency has until August 28th to review the details and submit a preferred offer, which the receivers will then assess before engaging with the chosen party. Bayley anticipates a decision around the 28th of August, after which a resolution could follow promptly.
Written by urgent.news from RNZ Business's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
