Net property income: at $68.9m, down on the comparable $71.4m
Fair value: a net loss in the fair value of properties of $29.3m
Main takeaway: Developer says it's receptive to bringing in a capital partner on its Downtown Carpark, while an institutional investor was already doing due diligence on the PwC office tower.
Precinct Properties has opened the door to bringing in a capital partner on its biggest development, the 56-level, $1.5 billion mixed use Downtown Carpark.
That's while the NZX-listed commercial landlord and developer said it was in "exclusive negotiations" with a global institutional investor to
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Key points
Net property income: at $68.9m, down on the comparable $71.4m
Fair value: a net loss in the fair value of properties of $29.3m
Main takeaway: Developer says it's receptive to bringing in a capital partner on its Downtown Carpark, while an institutional investor was already doing due diligence on the PwC office tower.
