Brief: Precinct Properties New Zealand Says Will Shortly Start Construction Of Bowen Campus Stage 2 Office Development
03/06/2020 22:03
June 4 (Reuters) - Precinct Properties New Zealand Ltd
PCT.NZ :
* WILL SHORTLY BE COMMENCING CONSTRUCTION OF BOWEN CAMPUS
STAGE 2
OFFICE DEVELOPMENT IN WELLINGTON
* DEVELOPMENT PROJECT HAS EXPECTED TOTAL PROJECT COST OF
NZ$90.2
MILLION
* COMPLETION OF PROJECT SCHEDULED FOR LATE 2022
* DEVELOPMENT PROJECT EXPECTED TO GENERATE YIELD ON COST OF
6.6%,
ONCE FULLY LEASED
Source text for Eikon: urn:newsml:reuters.com:*:nNZW63h7NX
Further company coverage: PCT.NZ
((Reuters.Briefs@thomsonreuters.com;))
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