Precinct looking for capital partners for PwC Tower

Precinct looking for capital partners for PwC Tower
PwC Tower is the tallest office building in New Zealand. (Image: Supplied)
Gregor Thompson
Precinct Properties is looking to form a new capital partnership involving Auckland's PwC Tower to fund further developments.Alongside Precinct's full-year result on Wednesday, chief executive Scott Pritchard said the initiative is “consistent with Precinct’s long-standing business strategy”.“It enables the recycling of capital to support Precinct’s strategic growth opportunities, including the Downtown Car Park redevelopment project, while growing its capital partnerships over the medium term.”PwC To...

More Property

Most Du Val investors unlikely to get anything
Property

Most Du Val investors unlikely to get anything

The statutory manager has released its latest report into the failed property group.

Maria Slade 16 Sep 2025
Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

Gregor Thompson 16 Sep 2025
Ryman pulls $240m retirement village plans, lists premium Christchurch land for sale
Property

Ryman pulls $240m retirement village plans, lists premium Christchurch land for sale

CBRE described the property as a ‘generational’ development opportunity. 

Staff reporters 15 Sep 2025
Real estate industry wants AML levy exemption
Finance

Real estate industry wants AML levy exemption

The real estate industry is warning an AML levy will drive up costs in the sector.

Michael Neilson 15 Sep 2025