NZ's Precinct Properties eyes best day in 3-wks on posting revaluation gain

Precinct Properties New Zealand

08/02/2021 22:41

** Shares of Precinct Properties  PCT.NZ  rise as much as 3%
to NZ$1.73, marking their best day since Jan. 19
    ** The property developer posts HY prelim revaluation gain
on property portfolio of about NZ$149 mln ($107.58 mln) or 5.1%
 urn:newsml:reuters.com:*:nFWN2KE153
    ** Co also enters agreement for sale of 50% stake in ANZ
Centre in Auckland for NZ$177 mln
    ** PCT says revaluation gain will increase value of co’s
portfolio to around NZ$3.1 bln, post disposal of PCT’s 50%
interest in the ANZ Centre
    ** Stock hits highest in a week
    ** PCT has fallen 4.6% this year, as of last close vs a 4.1%
fall in 2020
    



($1 = 1.3850 New Zealand dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))