Precinct Annual General Meeting – Voting Result

The annual general meeting of shareholders of Precinct Properties New Zealand Limited was held today. Voting was conducted by poll and shareholders passed all four resolutions.


Advancing next stage at Wynyard’s Innovation Precinct

Following on from the successful completion of Wynyard Quarter Stage One last year, Precinct Properties New Zealand Limited is pleased to announce today that it has now committed to the development of Wynyard Quarter Stage Two, part of the wider Innovation Precinct.


Precinct Properties’ green buildings deliver environment and economic benefits for occupiers

Precinct Properties, is leading the charge in the green building market, with occupants reporting increased productivity and employee attendance since moving into the portfolio.

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Wellington’s Bowen Campus set for innovative expansion

Precinct Properties announces two new high-performance work spaces

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PCT delivers strong profit result and launches One Queen Street

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) reported its financial results for the 12 months ended 30 June 2018 today, with net profit after tax (NPAT) up 57.2% to $254.9 million (2017: $162.1 million). The quality of Precinct’s portfolio including its active development pipeline has resulted in a significant portfolio revaluation gain of $208.7 million or 9.0% for the period. This has contributed to our increase in NPAT this year. Net operating income (distributable earnings) which adjusts for a number of non-cash items has also increased by 2.5% to $76.6 million over the period (2017: $74.7 million). On a cents per share (cps) basis, this equates to 6.32 cps and was in line with guidance (2017: 6.17 cps).