Following the announcement made on 9 February 2021, Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) is pleased to announce that the conditions of sale for the remaining 50% interest in the ANZ Centre have now been satisfied and accordingly the agreement is now unconditional.
Settlement is scheduled for mid-May 2021.
The sales form part of a wider growth plan.
The super fund now has more than $85 billion under its control.
The Southland project was rejected under a different fast-track process six months ago.
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