On 15 September 2022, Precinct Properties New Zealand Limited (NZX: PCT) (Precinct) announced the sale of three of the initial portfolio properties to Precinct Pacific Investment Limited Partnership (PPILP).
Today, the properties Mayfair House, 10 Madden Street, and 12 Madden Street have settled, and the settlement of Charles Fergusson Building will follow.
Precinct will manage the properties under an investment management agreement and has a 24.9% ownership interest in the Limited Partnership.
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