Precinct Properties NZ Ltd. & Precinct Properties Investments Ltd. 2016 AR2
The report highlights Precinct Properties New Zealand Limited's strong performance for the fiscal year ended June 30, 2016, with net profit after tax increasing 12.9% to $138.2 million. The company advanced its long-term strategy by committing to major development projects, including Commercial Bay and Wynyard Quarter Stage One in Auckland, and securing long-term leases with the Crown for the Wellington Accommodation Project. Operationally, the investment portfolio maintained a high occupancy rate of 98% and extended its weighted average lease term to 8.2 years including developments. Additionally, the company implemented a new sustainability policy, establishing the 2016 financial year as its baseline for tracking energy consumption and carbon emissions across its portfolio.
Company: Precinct Properties NZ Ltd. & Precinct Properties Investments Ltd.
Sector: Real estate
Country: New Zealand
Year: 2016
Type: AR2
Pages: 64
Back to company
Precinct Properties NZ Ltd. & Precinct Properties Investments Ltd.
Annual Report
The report highlights Precinct Properties New Zealand Limited's strong performance for the fiscal year ended June 30, 2016, with net profit after tax increasing 12.9% to $138.2 million. The company advanced its long-term strategy by committing to major development projects, including Commercial Bay and Wynyard Quarter Stage One in Auckland, and securing long-term leases with the Crown for the Wellington Accommodation Project. Operationally, the investment portfolio maintained a high occupancy rate of 98% and extended its weighted average lease term to 8.2 years including developments. Additionally, the company implemented a new sustainability policy, establishing the 2016 financial year as its baseline for tracking energy consumption and carbon emissions across its portfolio.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2016
Reporting Period
Jul 1, 2015 - Jun 30, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees