Precinct secures extended tax ruling for stapled structure

Precinct Properties Group received a binding tax ruling from Inland Revenue on November 24, 2025, extending the terms of its existing ruling related to the stapled structure until November 24, 2030. This follows the corporate restructuring completed on July 3, 2023, which formed a stapled group comprising two listed parent companies whose shares are held and traded together.

As of June 30, 2025, Precinct's directly-held portfolio was valued at $3.2 bn, with an additional $1.6 bn in capital partnering assets under management. Of these, $1.2 bn represents assets where Precinct holds a minority interest. Precinct is a prominent owner, manager, and developer of city centre real estate in Auckland and Wellington, with investments spanning office buildings, retail, and residential development.