Precinct Properties New Zealand Says To Establish New Joint Investment Partnership With PAG

November 29, 2022 11:40 AM AEDT | By Reuters
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Nov 29 (Reuters) - Precinct Properties New Zealand Ltd :

* AGREED ON ESTABLISHMENT OF A NEW JOINT INVESTMENT PARTNERSHIP WITH GLOBAL PRIVATE INVESTMENT FIRM, PAG

* PARTNERSHIP WILL ACQUIRE 40 AND 44 BOWEN STREET IN WELLINGTON FOR A TOTAL PURCHASE PRICE OF NZ$240 MILLION

* PAG WILL HAVE 80% INTEREST WITH PRECINCT HOLDING A MINORITY INTEREST OF 20% Further company coverage:


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