Precinct completes downtown car park acquisition

Precinct Properties Group (Precinct) has confirmed the settlement of its acquisition of the Downtown Car Park, effective December 18, 2025. The car park will continue its normal operations in the immediate future.

Precinct, listed on the NZX Main Board, is a prominent owner, manager, and developer of premium city centre real estate in Auckland and Wellington. As of June 30, 2025, Precinct's directly-held portfolio was valued at $3.2 bn, complemented by $1.6 bn in capital partnering assets under management.

In 2023, Precinct restructured into a stapled group, where shares in Precinct Properties New Zealand Limited and Precinct Properties Investments Limited are held by the same shareholders and must be dealt with together. The ticker code for these stapled shares remains PCT.