PCT Annual General Meeting 2022

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
NZX announcement - 3 November 2022
Precinct Properties New Zealand Limited Annual General Meeting
11:30am (New Zealand time), Thursday 3 November 2022
Generator Commercial Bay, Toroa Room, Level 2, PwC Tower 15 Customs St West,
Auckland
Online attendance at https://meetnow.global/nz
Chairman’s opening address
Morena, Tena Koutou Katoa
Good morning and welcome to the Precinct Properties 2022 Annual General Meeting
of shareholders. I’m Craig Stobo, Independent Director and Chair.
It is a pleasure to be back in our Generator Commercial Bay Meeting & Event Suites
for today’s venue.
Today’s meeting has a hybrid format. So, in addition to the in-person meeting being
held, shareholders, proxies and guests can attend the meeting online via the
Computershare Online Meeting platform. Shareholders and proxies attending virtually
also have the ability to ask questions and submit votes online.
For online participants, if you have a question to submit during the live meeting, please
select the Q&A tab on the right half of your screen anytime. Type your question into
the field and press send. Your question will be immediately submitted. Should you
require any assistance, you can type your query and one of the Computershare team
will assist with the chat function and reply to your query. Alternatively, you can call
Computershare on 0800-650-034.
Please note that while you can submit questions from now on, I will not address them
until the relevant time in the meeting at the end of the presentations. Please also note

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
that your questions may be moderated or if we receive multiple questions on one
topic, amalgamated together.
Similar to previous years, we will try to get through as many questions as possible.
However, we do apologise in advance for any questions submitted online that we
are unable to answer due to time constraints. In this case, questions will be followed
up by email after the meeting.
Voting today will be conducted by way of a poll on all items of business. In order to
provide you with enough time to vote, I will shortly open the voting for all resolutions.
For those attending virtually, if you are eligible to vote at this meeting, you will be able
to cast your vote online under the Vote tab. Once the voting has opened, the
resolutions will allow votes to be submitted. To vote, simply select your voting direction
from the options shown on screen. You can vote for all resolutions at once or by each
resolution. Your vote has been cast when the tick appears. To change your vote,
simply select ‘Change Your Vote’. You have the ability to change your vote, up until
the time I declare voting closed.
I now declare voting open on all items of business.
For those physically attending today, we hope you will all stay and join us for some
light refreshments after the meeting is concluded this morning.
I would now like to introduce the members of the Board and executive team joining
us today. We have, Anne Urlwin, Graeme Wong, Nicola Greer, Mark Tume, Chris Judd,
Scott Pritchard, George Crawford and Richard Hilder.
We also have present with us representatives from our auditors, Ernst & Young, tax
advisors, KPMG, legal advisors, Chapman Tripp and our registrar, Computershare.
Now moving to the agenda of today’s meeting.

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
Meeting agenda
We will begin with reviewing the performance and activity of Precinct over the last
financial year. Following the conclusion of the presentation, we will then take any
questions you may have. We will start with any in-person questions before moving to
any online questions received. We welcome any feedback and will consider any
other matters that may properly be brought before the meeting today.
The meeting will then proceed to the formal business. There are two ordinary
resolutions put forward for shareholder approval today.
Resolution one considers the re-election of Independent Director, Anne Urlwin and
resolution two considers that the Directors be authorised to fix the remuneration of
Ernst & Young as auditor for the ensuing year.
Governance
Fostering and maintaining good governance and ethical business practices at
Precinct is something the Board takes very seriously. We want to ensure Precinct will
continue to benefit from a strong and stable governance regime into the future.
We continue to focus on the Board’s succession planning and are continually
reviewing this. Reflecting this, I would like to announce today that I will be stepping
down as Chair and Independent Director of the Precinct Board at the conclusion of
my current term in November 2023.
We expect to begin another process to identify a potential director appointment in
the coming months. The People and Performance Committee will also commence
the process for my replacement as Chair, ensuring a seamless transition and
handover. We look forward to announcing these appointments in due course.
As you would be aware, Mohammed Al Nuami has been appointed to the board as
a representative of Haumi Company Limited under a provision in the constitution
which allows a shareholder holding more than 15% of the Company's shares to
appoint one director. We have announced to the market this morning that he will be

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
resigning from the board as of today. Haumi have advised Precinct that they no
longer wish to appoint a director to the Precinct Board.
On behalf of my Board colleagues and Management, I would like to thank
Mohammed for his contribution to Precinct since 2013. I would also like to
acknowledge and thank Declan Walsh who has attended Precinct Board meetings
on behalf of Haumi Company Limited.
We are fortunate to have Abu Dhabi Investment Authority (ADIA) as a long-term
investor in Precinct who have supported our business strategy. We look forward to
ADIA’s ongoing support and will continue to benefit from their global outlook and
expertise.
Key governance items during the year include the establishment of a Board ESG
Committee and board succession planning.
The Board is very pleased with the progress we are seeing in relation to the
implementation and monitoring of Precinct’s strategic ESG objectives. I will share more
on Precinct’s ESG responses shortly.
Enabling growth
Precinct has continued to be supported by the quality and resilience of its portfolio
and its people during 2022. Our strategy is evolving but will continue to focus on our
three key pillars, our people and partners, operational excellence and developing the
future.
During the year, Precinct announced the establishment of a new strategic investment
partnership with Singapore sovereign wealth fund GIC. The transaction settled last
month in October following approval by the Overseas Investment Office and Precinct
obtaining certain consents in the initial portfolio of properties in September.
The partnership provides access to capital with an aligned partner and fully supports
Precinct’s future growth. This strategic decision to establish this platform also enables

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
Precinct to participate in market opportunities and in some instances, to do so on a
co-investment basis.
Scott will provide more detail on this transaction later in the presentation.
2022 results highlights
The 2022 financial year has presented many challenges. Auckland in particular has
spent considerable amounts of time in lockdowns and had various levels of restrictions
imposed on both our people and assets.
Despite these challenges, Precinct has delivered another pleasing result. The
performance of Precinct's core office portfolio has been very robust. This has been
supported by our high quality occupiers and a resilient office market.
Adjusted funds from operations (AFFO) was $101.5 million (June 2021: $85.3 million) or
6.51 cents per share (cps). Full year dividends paid to shareholders and attributed to
the 2022 financial year totalled 6.70 cps, representing a 3.1% increase. The quality of
our real estate is enabling our business to grow and create further value for our
shareholders and capital partners.
Supporting our clients
I would like to acknowledge the extent of COVID-related rental support provided to
our retailers and hospitality venues during the 2022 financial year. This totalled around
$8.3 million and included only a small amount of office-related contractual
abatements.
Adopting a long-term view and being able to support not only those in our portfolio
who were entitled to rent relief, but also to those occupiers who we believe needed
financial assistance has been the right thing to do for Precinct.
The Board and Management team are extremely proud of the performance of the
Precinct business and the performance of our people and decisions made to support

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
our occupiers, not only over the last year but since the pandemic started nearly three
years ago.
We believe this has positioned us well to benefit from an improving city centre retail
environment. With New Zealand’s COVID-19 Protection Framework (traffic lights)
having recently ended over a month ago, we are encouraged about the future as
we look ahead. While the recovery phase will continue to have its challenges, there
is a real sense of excitement in Commercial Bay with the return of overseas visitors – it
was great to see the arrival of the first cruise ship in August of this year.
Before I hand over to Scott, I would like to share with you some of our latest ESG
responses before declaring the first quarter dividend for FY23.
ESG responses
As I mentioned earlier, Precinct continues to advance its ESG initiatives across the
business. The Board ESG Committee is delighted with the progress the Precinct team
are achieving in relation to Precinct’s strategic ESG objectives.
Over the last year, Precinct has undertaken a comprehensive ESG review. This includes
a review of Precinct’s material sustainability topics and performance targets. Precinct
has lifted its targets around climate-related disclosures, with a focus on energy
efficiency and meeting or exceeding New Zealand’s excellence levels under
NABERSNZ and Green Star Ratings.
Precinct has also become a signatory to the World Green Building Council Net Zero
Carbon Buildings Commitment. This commitment is to minimise total emissions, both
operational and embodied over an asset lifecycle. As you would be aware, Precinct
has offset emissions relating to construction for several years now, however this
commitment goes further and will see the business focus on more sustainable design
and products to minimise upfront emissions by 2030.

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
A recent example of this is the design of the Flowers Building in Wynyard Quarter in
Auckland. This building will utilise cross laminated timber for its structure, resulting in
whole lifecycle emissions being around 35% lower than a traditional development.
This project is targeting 6-Star Green Star and 5-Star NABERSNZ ratings on completion.
Reflecting the good progress we are achieving, Precinct continues to perform well
across its key ESG performance benchmarks.
During the year, Precinct achieved a Global Real Estate Sustainability Benchmark
(GRESB) score of 82. This was well above the global average of 73.
Today, we are also able to share our most recent 2022 GRESB results which were
published globally last month. Precinct achieved a score of 82, again placing us
above the current global average of 74 and we also maintained a public disclosure
level of ‘A’ .
Precinct has also validated its Toitū carbonzero certification for the year and
participated in the Carbon Disclosure Project (CDP), with results due in the coming
months.
FY23 dividend
The Board expects Precinct’s dividend for the 2023 financial year to be no less than
6.70 cents per share in total cash dividends to be paid to shareholders.
Payment of the 2023 first quarter dividend will be made on the 16th of December this
year.
On behalf of my Board colleagues, Management and wider Precinct team, I would
like to thank you all for joining us today. Precinct is in a strong position, and our business
is well placed to outperform and create more value for both our shareholders and
capital partners.
Thank you all again for your continued support in Precinct.
Nga Mihi Nui. I will now hand over to Scott. Thank you.

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267


Scott Pritchard, Chief Executive Officer opening address
E ngā mana
E ngā waka
E nga reo
E rau Rangatira mā
Tena koutou
Tena koutou
Tena Tātoua Katoa

Thank you, Craig, and good morning everyone. I am Scott Pritchard, Precinct’s Chief
Executive Officer. It is really great to see so many of you joining us here today.
The 2022 financial year has seen our business continue to perform well despite the
challenges of lockdowns and uncertainty with regards to city centres, office workers
and the lack of international visitors.
As Craig mentioned at the beginning of the presentation, Precinct has continued to
be supported by the quality and resilience of its portfolio and its people during 2022.
Let me share some 2022 highlights with you on the next slide.
Portfolio highlights
Pleasingly, our operating income has grown significantly in the period. We have also
recorded a total comprehensive profit of $108.8 million following a modest revaluation
gain of $19.4 million for the year.
Our portfolio continues to perform well with occupancy across our assets at 99% and
a long weighted average lease term of over 7 years. New leases secured during the

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
year recorded rental growth of 13.5% demonstrating the strength of the office market
and the benefits of owning premium assets. We remain focused on delivering
exceptional customer service and having long-lasting relationships with our occupiers.
Our markets
It is remarkable to think that from January 2021 to December 2021, Precinct recorded
its highest ever amount of leasing – right in the middle of the pandemic.
In total, we recorded more than 34,000 square metres which demonstrates the strong
demand from businesses wanting to occupy high-quality office space.
We are observing this in both Auckland and Wellington where office leasing demand
for high quality buildings in strategic locations continues to be elevated, especially as
we see working from home declining as more occupiers return to the physical office
environment. For example, our current assessment is that 80-85% of workers are now
back in our Auckland portfolio.
Strategy execution
Moving to our strategy.
Since the decision to internalise our management function in March 2021, our strategy
has been refined to now include the ability to partner with direct investors offering the
opportunity for joint investment into our high-quality assets and large-scale
development opportunities.

Following on from what Craig mentioned earlier, this has been advanced during the
year with the formation of a strategic investment partnership.

The establishment of the Partnership represents an important milestone in delivering
on our strategy. Building on Precinct’s high quality portfolio created from our
development pipeline, we are committed to creating further long term value for our
capital partners and Precinct shareholders.

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
We anticipate growing this partnership to around one billion dollars in total value
over the next 12 months.

Looking ahead and building on our success - I would like to acknowledge the huge
contribution our people have made to the continued execution of our strategy.
Precinct’s success is truly underpinned by the quality of the people who are part of
our organisation. With a constrained labour market, we have taken a proactive
approach to ensure our Precinct and Generator teams are engaged and retained
within the business.
As a business, we will leverage Precinct’s capabilities and apply our learnings of the
past 6 years to take advantage of market opportunities.
In addition, we are continuing to advance our thinking about entering the multi-unit
residential market. We see significant opportunity over time for institutional
participation in this market and believe that the current market dynamics will support
this.

Before I give you an update on our development projects, I am delighted to share
with you this morning that Eke Panuku has selected Precinct as the preferred
development partner for the Downtown Car Park Site. This was announced to the
market last month and we are incredibly excited to continue work on this
opportunity.
Precinct has partnered with Ngāti Whātua Ōrākei as part of the proposal for the site,
with the relationship encompassing cultural, design and commercial elements.
Precinct and Eke Panuku have now entered a period of commercial negotiations
with the intent to agree and document final terms, which will remain subject to
Precinct and Eke Panuku Board approval.

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
Wynyard Quarter Stage 3
Now focusing on our projects in Auckland.
Just over a month ago, we are pleased to have announced that New Zealand's
biggest engineering and consulting firm, Beca will be relocating to the Wynyard
Quarter Innovation Precinct. This is on a 12-year lease term over 14,000 square metres.
The leasing to Beca has required Precinct to commit to 117 Pakenham Street, the final
building of the Wynyard Quarter Innovation Precinct.
117 Pakenham Street comprises 7 floors of commercial office space and continues to
follow the Wynyard Quarter Innovation Precinct’s market-leading sustainability
outcomes to date. Designed in accordance with the Wynyard Quarter Sustainability
Standards, the building will target 6-star Green Star and 5-star NABERSNZ.
Securing an occupier like Beca so early in the development is a great result which
reinforces the value that businesses are placing on being located in high-quality,
centrally located office spaces. We continue to observe this as we see more and
more employees returning to the office environment.
Precinct is also underway with construction of 124 Halsey and the Flowers Building
within Wynyard Quarter Stage 3. The addition of 117 Pakenham increases the lettable
area of the stage by 8,600 square metres to 21,100 square metres.
Pre-committed leasing now represents 65% of Wynyard Stage 3.
Deloitte Centre
One Queen Street, to be known as the Deloitte Centre, also continues to progress well
with construction advancing. The project remains on track to complete in late 2023
and is currently 86% pre-committed with the high-rise office floors fully leased.
Leasing of the additional retail and F&B tenancies is advancing well with good interest
in this world class development.

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
Façade installation to the hotel levels is now complete giving a sense of the impact
that the building will have on the Auckland waterfront. The reopening of international
hotel markets is also encouraging and something we are very excited about upon
completion.
30 Waring Taylor Street
Now moving to Wellington.
I would like to first show you all some pictures of the successful opening of our
Generator offering in Wellington, at 30 Waring Taylor Street. The redevelopment was
completed during the FY22 period and the site is performing very well.
As you can see from the images – 30 Waring Taylor has set the standard for flexible
office space in Wellington. Earlier this year, Generator Waring Taylor won the Heritage
and Adaptive Reuses Property Award and the Commercial Office Award at this years
Property Industry awards. In addition, the building has also received excellence in the
Green Building Property Award. The Precinct and Generator team are very proud of
these achievements and the recognition received.
Bowen Campus Stage 2
Now turning to Bowen Campus - we are very excited to have officially opened 40
Bowen Street last month.
The new seismically resilient building provides generous office floor plates across six
levels and incorporates viscous damper technology to provide business continuity in
case of a seismic event. It will be the new home to EY, Fujitsu, Simpson Grierson,
Dentons, Aspect Furniture, Little Astoria restaurant and Nam Nam with Generator
occupying the first two floors.
The next stages of Bowen Campus include F&B operators opening in January 2023
and 44 Bowen Street on schedule to complete in mid-2023.

Precinct Properties New Zealand Limited Head Office Wellington Office
E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Generator, 30 Waring Taylor Street, Wellington T 0800 400 599
W www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267
Once complete, Bowen Campus will be home to over 5,000 clients across four
buildings.
Conclusion and outlook
To conclude, I am personally very proud of the performance of the business and the
people during another year which has presented many challenges. As Craig said at
the beginning of his address, being able to support those occupiers within the Precinct
portfolio who we believe needed support in order to continue operating over the last
couple of years is something we believe was the right decision for our business.
Precinct is well placed. With strong demand for high-quality space, solid rental growth
and an increasing set of transaction and development opportunities to add value
during this economic cycle, we remain optimistic about the position of Precinct and
the opportunities that this market will present us with.
Notwithstanding this optimism, we are very aware of the current economic situation.
Interest rates are now at its highest level in over seven years, and we expect that this
will have an impact on valuations. Therefore, our view remains that it is critical we
continue to actively manage the portfolio and the business and manage this risk.
Thanks everyone for joining us today.
Huri noa i te whare
Tēnā Koutou
Tēnā Koutou
Tēnā Tātou Katoa
-ends-

---

3 November 2022
Precinct
Annual General
Meeting

Welcome
and good morning
Craig Stobo,
Independent Director and
Chair

Online questions and voting
•Questions can now be
submitted through the
webcast
•Questions will be addressed
at relevant time in meeting
•Opening of voting

Board and Executive Team
Board of Directors
Nicola Greer
Independent Director
Mark Tume
Independent Director
Chris Judd
Independent Director
Executive Team
George Crawford
Deputy Chief Executive Officer
Scott Pritchard
Chief Executive Officer
Richard Hilder
Chief Financial Officer
Craig Stobo
Independent Director and Chair
Graeme Wong
Independent Director
Anne Urlwin
Independent Director

Meeting agenda
•Review Precinct performance and activity
•Shareholder questions and discussion.
•Consider and vote on twoordinaryresolutions

Governance
•Best practice governance structures
•Board succession
•Established Board ESG Committee

Enabling growth
•Quality portfolio and
people
•Strategy is evolving
•Establishment of new
strategic partnership
•Expected long-term value
to shareholders

2022 results highlights
6.51cps
AFFO
+3.1%
DividendIncrease
7.1 year
WALT
99%
Occupancy
Photo credit: Simon Devitt

Supporting our clients
$8.3 million rental
support provided to
our clients in FY22
•included only a small
amount of office-related
contractual abatements
Photo credit: Simon Devitt

ESG responses
•Precinct has undertaken a
comprehensive ESG review
•Lifted targets around climate-
related disclosures
- focus on energy efficiency
Precinct is a signatory to the World
Green Building Council Net Zero
Carbon Buildings Commitment
Photo credit: Simon Devitt

Sustainable timber
construction
Flowers Building
featuring a timber-
frame structure

Current performance benchmarks
•GRESB score of 82
−global average 74
−public disclosure level “A”
•Toitūcarbonzerocertified
•CDP results in coming months

6.70cps
FY23 minimum dividend guidance
16 December 2022
FY23 Q1 dividend payment
FY23 dividend

The quality of our real
estate is enabling our
business to grow and
create value for our
shareholders and
partners.
Strong operating
performance

Portfolio highlights
Photo credit: Simon Devitt
$108.8m
Total comprehensive income after tax
99%
Portfolio occupancy
13.5%
Rental growth on new leases

Our markets
•Strong leasing performance supports FY22 result
•Demand from businesses wanting to occupy high-
quality office space in Auckland and Wellington
+34,000sqm
Leasing transactions completed

Strategy execution
•Strategic investment
partnership established
•Grow to ~$1.0 billion
•Building on Precinct’s portfolio
•Create further long term value
Delivering
on our
strategy

Building on our success
•Focus on our people
•Continue to explore
third-party capital
•Leverage Precinct’s
capabilities

Downtown
carpark site
Precinct selected as
the preferred
development partner
i
Photo credit: Simon Devitt

Wynyard Quarter Stage 3
•New 12-year lease to
Beca
•14,000 square metres
•Target 6-star Green
Star and 5-star
NABERSNZ

Deloitte Centre
•Project remains on
track to complete in
late 2023
•Progressing well
•86% pre-committed

Bowen Campus Stage 2
•40 Bowen Street
officially open
•F&B operators opening
January 2023
•44 Bowen Street on
schedule to complete
mid-2023

Conclusion and outlook
•Precinct remains well placed
•Strong demand for high-quality space
•Focused on progressing future opportunities
•Continue to actively manage the portfolio

Shareholder Q&A

Formal Business

Resolution 1
That Anne Urlwin be re-
elected as a director of
Precinct
The Board unanimously
recommend that
shareholders vote in favour

Resolution 2
That the directors be authorised to fix the
remuneration of Ernst & Young as auditor
for the ensuing year.

Voting and closure
•We will now proceed to a poll and conclude the
meeting
•The results will be announced to the NZX

Thank you
Thank you