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PCT — Precinct Properties New Zealand News Story

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Brief: Precinct Properties New Zealand Says To Establish New Joint Investment Partnership With PAG

Nov 29 (Reuters) - Precinct Properties New Zealand Ltd
 PCT.NZ :
    * AGREED ON ESTABLISHMENT OF A NEW JOINT INVESTMENT
PARTNERSHIP
WITH GLOBAL PRIVATE INVESTMENT FIRM, PAG
    * PARTNERSHIP WILL ACQUIRE 40 AND 44 BOWEN STREET IN
WELLINGTON
FOR A TOTAL PURCHASE PRICE OF NZ$240 MILLION
    * PAG WILL HAVE  80% INTEREST WITH PRECINCT HOLDING A
MINORITY
INTEREST OF 20%

Further company coverage:  PCT.NZ 
 ((reuters.briefs@thomsonreuters.com;))

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