Precinct announces settlement of Investment Partnership

NZX announcement – 13 October 2022
Precinct announces settlement of Investment Partnership
Further to the announcement made on 15 September 2022, Precinct Properties New Zealand
Limited (NZX: PCT) (Precinct) is pleased to confirm that the sale of three of the initial portfolio
properties to Precinct Pacific Investment Limited Partnership (PPILP) has now settled.
The properties that settled today comprise of Mayfair House, 10 Madden Street and 12
Madden Street. Precinct will continue to manage the properties under the terms of an
investment management agreement and has a 24.9% ownership interest in the Limited
Partnership.
The settlement of Charles Fergusson Building will follow once new titles have been issued.
Ends
For further information, please contact:
George Crawford
Deputy Chief Executive Officer
Mobile: +64 21 384 014
Email: george.crawford@precinct.co.nz

Richard Hilder
Chief Financial Officer
Mobile: +64 29 969 4770
Email: richard.hilder@precinct.co.nz

About Precinct (PCT)
Precinct is New Zealand’s only listed city centre specialist investing predominantly in premium
and A-grade commercial office property. Listed on the NZX Main Board, PCT’s portfolio
includes Auckland’s HSBC Tower, AON Centre, Jarden House, Deloitte Centre, 204 Quay Street,
Mason Bros. Building, 12 Madden Street, 10 Madden Street, PwC Tower and Commercial Bay
Retail; and Wellington’s AON Centre, NTT Tower, Central on Midland Park, No. 1 and No. 3 The
Terrace, Mayfair House, Charles Fergusson Building, Defence House, Bowen House, Freyberg
Building and 30 Waring Taylor Street. Precinct owns Generator NZ, New Zealand’s premier
flexible office space provider. Generator currently offers 15,770 square metres of space across
nine locations in Auckland and Wellington.