Precinct Properties launches $310m raise to pay debt and fund pipeline

Precinct Properties is raising equity to pay down debt. (Image: Supplied)

Mon, 13 Oct 2025

Precinct Properties Group is looking to raise $310 million to strengthen its balance sheet and accelerate development projects. On Monday, the NZX-listed property firm announced a fully underwritten institutional placement of $285m and a $25m share purchase plan (SPP), offering eligible retail shareholders the opportunity to purchase up to $50,000 worth of new shares.The placement, priced at $1.23 per share, represents a 7.5% discount to Precinct’s closing price of $1.33 on Friday.A trading halt was granted to facilitate the offer, w...

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