Precinct Properties New Zealand Limited
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About Precinct Properties New Zealand Limited
Precinct Properties (PCT) is a major owner of prime CBD office buildings in New Zealand with a current portfolio of 12 assets valued at NZ$1.5bn. After recent Wellington asset sales, PCT's portfolio now has a 72% weighting to Auckland. The company is currently undertaking two major development projects with a combined cost of ~NZ$900m, including Commercial Bay, its flagship office and retail precinct in Auckland's CBD. PCT was listed in 1997 and in November 2010 it changed its legal structure from a trust to a company. PCT is externally managed by AMP Haumi Management.
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