Precinct sells SAP tower to Bob Jones for $97 million

Sun, 23 Nov 2014

By Suze Metherell Nov. 24 (BusinessDesk) - Precinct Properties New Zealand, formerly known as AMP NZ Office, has sold its SAP Tower in Auckland to property mogul Bob Jones for $97 million, $1.4 million above its book value. The Auckland-based property investor sold the Auckland building to Robert Jones Holdings, a private Wellington-based company owned by knighted New Zealand businessman Bob Jones, the company said in a statement. According to Precinct's annual report the SAP Tower was valued at $95.6 million as at June 30. The company...

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