ICD Property, the Australian developer working on what could be Auckland’s tallest tower, has decided to depart from 65 Federal Street.

The managing director of ICD said that the sell would allow it to pursue other projects, including those that are underway already, citing uncertainty issues in the property market as well. 

The 1,461-square-meter site at 65-71 Federal Street, on the corner with Kingston Street was ICD Property’s first international acquisition and was granted planning permission with resource consent from the Environmental Protection Authority in August 2022.

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