Precinct’s Bowen Campus misses out on first round of government property review

Thu, 22 Nov 2012

Nov. 23 (BusinessDesk) - Precinct Properties New Zealand, formerly known as AMP NZ Office, said its newly acquired Bowen Campus site near Wellington’s Beehive and Parliament has missed on a contract to supply as much as 60,000 square metres of office space for government departments. The listed property investor agreed to buy the 10-storey Bowen State and 15-storey Charles Fergusson buildings from Capital Properties (Wellington), a member of the AMP Capital Property Portfolio, in April for $50.4 million. The site is 97 percent occupied, main...

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