PHOTO: SUPPLIED Melbourne developer ICD Property hopes to complete the 180 metre, 46-storey tower across from Sky Tower “sometime during 2024”.

Chinese-backed ICD Property aims to have its $200 million-plus, 46-storey “cheese grater” tower in downtown Auckland across from the Sky Tower completed “sometime during 2024.”

In its first move into the New Zealand market, the Melbourne-based developer has recently settled the $40m purchase of a seven-storey car park from Sky City Entertainment Group as the site for the 180-metre high hotel and apartment tower at 65 Federal Street.

“Subject to collaboration with our local team and Auckland Council, building consent is anticipated by end 2020,” ICD Property managing director Matthew Khoo said.