Precinct Properties New Zealand Ltd
Precinct Properties New Zealand Ltd is New Zealand’s only specialist listed investor in Premium and A-Grade commercial office property. Listed on the New Zealand stock exchange since 1997, Precinct is a NZX 20 company, with around 7,800 New Zealand shareholders who together own approximately 75% of Precinct (but do not guarantee the Bonds).
Precinct owns and operates 17 New Zealand buildings located in Auckland and Wellington collectively valued at $1.73 billion. 8 The Board believes that these buildings are some of New Zealand’s best known and highly regarded office buildings including PwC Tower and ANZ Centre in Auckland and Vodafone on the Quay and State Insurance Tower in Wellington.
The Board is pleased with Precinct’s high levels of occupancy and the relationships it has developed with its clients, many of which are leading New Zealand and international organisations. Major Government occupiers include The Treasury, Department of Corrections, Ministry for Primary Industries and New Zealand Qualifications Authority. Major corporate occupiers include ANZ Bank, PwC, AMP, Deloitte, IAG, Aon, Chapman Tripp, Russell McVeagh, Buddle Findlay and Bell Gully.
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