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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