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.
Precinct Properties NZ Ltd committed yesterday to stage 2 of its Wynyard Quarter project, part of the wider Innovation Precinct on the Auckland waterfront.
Major commercial property owner – and nowadays developer – Precinct Properties NZ Ltd lifted its net profit after tax for the year to June by 57.2% to $254.9 million.
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.