Our Strategy

Designed to generate, and regenerate sustainable value for people and place.

Board & Leadership

Committed to your investment in Precinct.

Our History

Precinct has come a long way since our humble beginnings in 1997 when we first listed on the NZ Stock Exchange (NZX) as a unit trust owning just six properties. Today, Precinct is a listed Investment Entity (PIE) and proud owner and operators of over 20 properties with a portfolio value of $3.3 billion, spanning commercial office spaces to vibrant mixed-use hubs and a residential pipeline of $431 million. After almost 30 years in business, we are reminded time and time again that our city’s vibrancy isn’t found in the skyline, but in the people who call it home.
1997

ANZO listed on the NZX

2012

Rebranded to Precinct Properties New Zealand Limited.

This was also the year Precinct acquired the Downtown Shopping Centre site which would become Commercial Bay.

2013

Acquired One Queen Street.

This commercial asset was formerly occupied by Air NZ and subsequently was HSBC House before redevelopment began in 2021.

2014

Precinct secures Wynyard Quarter development.

Precinct was appointed the sole commercial developer in Wynyard Quarter to deliver the Wynyard Quarter Innovation Precinct in partnership with Council’s development body, Eke Panuku.

2016

Precinct commits to development of 75,000sqm of office space for Government.

This is the single largest leasing transaction in New Zealand.

2019

Precinct acquires remaining 50% ownership of New Zealand’s leading co-working business, Generator.

2020

Commercial Bay opens.

The Commercial Bay retail centre opened in June 2020, followed by the PwC Tower in August 2020 - bringing another 3,000 workers to the prime waterfront block.

2021

Management of Precinct internalised.

2022

Expanded the business to include residential development.

In addition to advancing a residential strategy, Precinct entered into commercial partnerships with global investors, GIC and PAG.

Precinct was also the first NZ property company to commit to World Green Building Council’s Net Zero Carbon Buildings Commitment.

2023

Appointed preferred developer for the Downtown Carpark site.

Precinct also entered into a Joint Venture with local iwi, Ngāti Whātua Ōrākei, to acquired assets in the eastern end of the city centre.

Precinct executed its strategy to form a stapled business structure.

Willis Lane, a premium hospitality destination in Wellington city centre opened.

2024

Precinct rebrand.

A better reflection of our business and our purpose to create spaces that enable people to make the most of city life.