Precinct kicks off $310m equity raise, targets $3.7b pipeline
Commercial Bay owner says proceeds will help fund its $201 million foray into student digs in Auckland and help progress its residential aspirations.
Precinct owns the $1b Commercial Bay on Auckland's downtown waterfront.
Commercial and residential developer Precinct Properties has rolled out a $310 million equity raise to help fund a $201m student accommodation development on Queen Street and help pay down debt.
Trading in stapled shares of Precinct Properties and Precinct Investments went into a trading halt on the
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