Precinct upbeat about Auckland, prefers government over corporate space in Wellington

Wed, 16 Nov 2016

By Paul McBeth Nov. 17 (BusinessDesk) - Precinct Properties New Zealand is upbeat about its tilt towards Auckland, where it sees downtown real estate underpinned by an expanding population, while in Wellington it prefers government tenancies over corporates. Chief executive Scott Pritchard told shareholders at today's annual meeting in Auckland that significant building work and a swelling population in the country's biggest city provided a number of opportunities for the property investor. "Auckland office vacancies are at historic l...

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