PCT
30/09/2014 09:53
ASSET
REL: 0953 HRS Precinct Properties New Zealand Limited
ASSET: PCT: Precinct in negotiations for asset sales
Precinct Properties New Zealand (NZX: PCT) announced today that it is in
negotiations with Quattro Asset Management, an Australian fund manager, for
the sale of 125 The Terrace in Wellington and SAP Tower in Auckland. At
present no agreement for the sale of these properties has been entered into
and there is no certainty as to whether a transaction will proceed.
As at 30 June 2014 the properties had a combined book value of $159.4
million.
-ends-
For further information, contact:
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 17 New Zealand buildings - Auckland's PricewaterhouseCoopers
Tower, ANZ Centre, SAP Tower, AMP Centre, Zurich House, HSBC 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:00255857 For:PCT Type:ASSET Time:2014-09-30 09:53:53
