We are city centre specialists.
Precinct is the largest owner and developer of premium inner-city business space in Auckland and Wellington.
We are committed to delivering a premium offering and have a strong belief that our properties need to both contribute to the life of a city and be places where people and businesses can thrive.
The quality of our buildings is matched only by our passionate team who strive to ensure Precinct’s clients have the best amenities and service available.
Our strategy in action.
First listing in 1997, we were a unit trust owning just six properties. Today, Precinct is a listed PIE and owns 14 properties with a portfolio value of $2.8 billion, and is ranked in the NZX Top 30.
We corporatised in 2011 and adopted our new name, Precinct Properties New Zealand Limited in 2012. Precinct reflects our evolution as a business. We are city centre specialists committed to transforming spaces to deliver premium property solutions in Auckland and Wellington. Our clients include many of country’s leading businesses and government organisations.
We want to create precincts that our clients thrive working within, and that city centre residents, visitors and wider communities enjoy being in.
Our ambition is to control or own strategic city centre precincts, enabling us to create vibrant environments which attract occupiers. While predominantly invested in office buildings, Precinct may invest in other city centre real estate including land, retail, hotel and value add properties where there is opportunity to create value. Precinct's development activities are enhancing our portfolio while attracting and retaining high quality clients.
We recognise the importance of each of our stakeholders. Understanding their requirements, expectations and opinions is important to us and to the overall success of our business. Precinct have an active management approach in everything we do.
Precinct is led by a Board of non-executive directors and management team. The original owner of the buildings we began with, AMP, retains a 50% interest in our Manager, AMP Haumi Management Limited.
Our approach and strategy.
Precinct understands that the operational aspects of its business, as an owner and developer of property, are responsible for having an external impact on a number of environmental, social and economic issues. By recognising this, and that we operate in a changing global environment, Precinct aims to conduct its business as a responsible corporate citizen and therefore places great importance on operating in the most sustainable way it can.
Reviewed annually, Precinct's strategy focuses on three distinct areas, our people and partners, operational excellence and developing the future. The primary objective being to create sustainable value from city centre real estate. We have a well-defined strategy, it has evolved materially since 1997 when the company was first established. Our strategy includes a prominent integration of sustainability across all areas of the business and a renewed focus on Enviromental, Social and Governance (ESG). It provides clear direction for both the Precinct team and our investors. Having targets across our business is helping us drive performance and achieve results.
Establishing our 2020 vision in 2014 has seen our business transform significantly. As we execute our long-term strategy, we are continuing to drive meaningful growth in our operating income while also transforming the portfolio into a higher quality set of assets
We are now realising the benefits of its strategic design.
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