Precinct Properties NZ Ltd has acquired the remaining 50% of flexible office space provider Generator NZ Ltd for $7.4 million, after buying half the company in May 2017.
Orams Marine Services Ltd & Auckland Council company Panuku Development Auckland Ltd have signed a development agreement for a new marine refit facility next to Orams Marine Village in the Wynyard Quarter.
Precinct Properties NZ Ltd has secured the Media Design School as a tenant in its 10 Madden St development in the Wynyard Quarter, and law firm Bell Gully in the refurbished 1 Queen St.
The Goodman Property Trust’s sale of its interest in the owner of the VXV property portfolio Along Fanshawe St in Auckland, Wynyard Precinct Holdings Ltd, went unconditional last week.
Precinct Properties NZ Ltd committed yesterday to stage 2 of its Wynyard Quarter project, part of the wider Innovation Precinct on the Auckland waterfront.
Precinct Properties NZ Ltd increased its net profit after tax by 57.2% to $254.9 million (2017: $162.1 million) in the year to June.