Precinct Properties New Zealand Limited
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About Precinct Properties New Zealand Limited
Precinct Properties (PCT) is a major owner of premium CBD office buildings in New Zealand with a portfolio of 13 assets valued at over NZ$1.7bn. After recent Wellington asset sales, PCT's portfolio now has a 69% weighting to Auckland assets. The company is currently undertaking three major development projects with a combined cost of NZ$970m, including Commercial Bay, its flagship office tower and retail development in Auckland. PCT was listed in 1997 and in November 2010 it changed its legal structure from a trust to a company with an improved governance and fee structure. PCT is externally managed by AMP Haumi Management.