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- Release Date: 23/04/13 12:07
- Summary: ASSET: PCT: Precinct Board approve acquisition of No1 Queen Street
- Price Sensitive: No
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PCT
23/04/2013 10:07
ASSET
REL: 1007 HRS Precinct Properties New Zealand Limited
ASSET: PCT: Precinct Board approve acquisition of No1 Queen Street
The Precinct Properties New Zealand Limited board has approved the
acquisition of No1 Queen Street (HSBC House) in Auckland for $103 million.
The acquisition remains conditional only on Overseas Investment Office
approval.
Precinct has increased its syndicated bank facilities by $100 million in
order to fund the acquisition. Settlement of the acquisition is expected to
take place in approximately four months' time.
For further information, contact:
Scott Pritchard
Chief Executive Officer
Office: +64 9 927 1640
Mobile: +64 21 431 581
Email: [email protected]
George Crawford
Chief Financial Officer
Office: +64 9 927 1641
Mobile: +64 21 384 014
Email: [email protected]
About Precinct (PCT)
Precinct is New Zealand's only specialist listed investor in prime and
A-grade commercial office property. Listed on the New Zealand Exchange, PCT
currently owns 16 New Zealand buildings - Auckland's PricewaterhouseCoopers
Tower, ANZ Centre, SAP Tower, AMP Centre, Zurich House and Downtown Shopping
Centre; and Wellington's State Insurance Tower, Vodafone on the Quay, 171
Featherston Street, 125 The Terrace, No. 1 and 3 The Terrace, Pastoral House,
Mayfair House, 80 The Terrace, Deloitte House and Bowen Campus.
End CA:00235453 For:PCT Type:ASSET Time:2013-04-23 10:07:16
