Argument over whether lease is terminated.
Office tower's lower earthquake rating leads to row over "untenantable premises."
The funds raised will repay bank debt and be used for corporate purposes.
The indicative margin is 150-to-160 basis points above the seven-year swap rate.
Precinct increased annual profit 17% to $162.1 million in the latest financial year ended June 30.
It is upbeat on its development pipeline for 2018.
The Meeting Place of Intelligent Business