Brief: Precinct Properties New Zealand Says Draft Revaluation Loss On Property Portfolio Of NZ$250 Mln
06/07/2023 22:14
July 7 (Reuters) - Precinct Properties New Zealand Ltd
PCT.NZ :
* REPORTED DRAFT REVALUATION LOSS ON PROPERTY PORTFOLIO OF
NZ$250
MILLION, A DECREASE OF 7.1%
* FORECAST VALUATION MOVEMENT WILL DECREASE VALUE OF
PRECINCT'S
PORTFOLIO TO AROUND NZ$3.2 BILLION AT 30 JUNE
* ON LFL BASIS, ASSET VALUATIONS FELL 8.6%, 5.3% IN AUCKLAND
AND
WELLINGTON RESPECTIVELY, VERSUS 30 JUNE FORECAST BOOK VALUES
Further company coverage: PCT.NZ
((Reuters.Briefs@thomsonreuters.com;))
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