Precinct Properties plans to funnel over $300 million into housing in Auckland CBD.

The company has announced it'll build student accommodation of 500 units on Queen Street, to boost housing in the city centre.

CEO Scott Pritchard says moving toward residential property is a natural next step.

"For a long time now, we've been developing commercial office - and in the last few years, we've sort of moved into mixed-use development where you add retail and other uses to offices."

LISTEN ABOVE