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Year
2018
2018-07-10

Precinct refinances bank facilities

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) announced today that it has refinanced its $760 million bank debt facility which was due to expire in November 2020.


2018-06-29

50% sale of ANZ Centre agreed

Following the announcement made on 23 April 2018, Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) announced today that it has now entered into a binding agreement with a fund controlled by Invesco for the sale of a 50% interest in ANZ Centre in Auckland for $181 million.


2018-06-25

Precinct announces $202 million revaluation gain

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) today reported a draft revaluation gain on its property portfolio of approximately $202 million (2017: $77.5 million) or 8.8% uplift, increasing the value of Precinct’s portfolio to around $2.5 billion. Precinct’s NTA per share will increase from $1.23 to around $1.41 cents per share.



2018-04-23

Precinct capital transactions update

Precinct Properties New Zealand (NZX: PCT) announces progress on the previously announced sale process for a 50% interest in ANZ Centre and an agreement to sell 10 Brandon Street in Wellington for $10.2 million.


2018-02-28

Strong revenue growth drives PCT interim results

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) reported its financial results for the six months ended 31 December 2017 today, with net operating income, which adjusts for a number of non-cash items, of $38.2 million or 3.15 cents per share (cps), consistent with the previous comparable period (2017: $38.8 million or 3.20 cps). Net profit after tax (NPAT) of $17.7 million compares with $39.1 million for the same period last year, with the difference mainly attributable to the fair value movement of 10 Brandon Street in Wellington and movement in financial instruments this period. Scott Pritchard, Precinct’s CEO, said “It has been an active six-month period. We have continued to focus on our long-term strategy as city centre specialists and have achieved strong rental growth across our investment portfolio”.



2017