Precinct Properties eyeing residential opportunities

Precinct's properties include PWC Tower at Commercial Bay. (Image: Getty)

Thu, 03 Nov 2022

One of the largest city centre developers and owners of commercial buildings, Precinct Properties, is eyeing potential residential opportunities. Listed on the New Zealand stock exchange, the development company has substantial holdings in central Wellington and Auckland, including Commercial Bay. Chief executive Scott Pritchard told shareholders at an annual general meeting in Auckland on Thursday that Precinct was considering entering the multi-unit residential market. “We see significant opportunity over time for institu...

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