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Precinct unlocks $153 million after shelving Downtown redevelopment
6:30am on Friday 30th of October, 2026 AEDT
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Real Estate
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Precinct unlocks $153 million after shelving Downtown redevelopment
6:30am on Friday 30th of October, 2026 AEDT
Key Points
Downtown redevelopment halted despite consent and pre-leasing progress
NZ$103 million special capital distribution at 5.555092 cents per stapled share
17-for-16 consolidation will cut securities on issue by 5.9%
On-market buyback capped at NZ$50 million or 60 million stapled shares
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Precinct Prop NZ Ltd & Invest (NZX:PCT)
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