Precinct Properties NZ Ltd & Precinct Properties Investments Ltd 2024 AR2
The report highlights Precinct's strategic transition and growth in the living sector, including its entry into the student accommodation sector and expansion of its residential Build-to-Sell pipeline. Financially, the company achieved a net property income of $139.3 million for FY24, despite a net loss after tax of $22.1 million due to property devaluations. On the sustainability front, Precinct achieved a GRESB score of 86 out of 100 and became the first real estate company in Oceania to receive a WELL Equity rating for its corporate office. Additionally, the company secured its first green bank facility of $168 million to fund the 61 Molesworth Street development.
Company: Precinct Properties NZ Ltd & Precinct Properties Investments Ltd
Sector: Real estate
Country: New Zealand
Year: 2024
Type: AR2
Pages: 139
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Precinct Properties NZ Ltd & Precinct Properties Investments Ltd
Annual Report
The report highlights Precinct's strategic transition and growth in the living sector, including its entry into the student accommodation sector and expansion of its residential Build-to-Sell pipeline. Financially, the company achieved a net property income of $139.3 million for FY24, despite a net loss after tax of $22.1 million due to property devaluations. On the sustainability front, Precinct achieved a GRESB score of 86 out of 100 and became the first real estate company in Oceania to receive a WELL Equity rating for its corporate office. Additionally, the company secured its first green bank facility of $168 million to fund the 61 Molesworth Street development.
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Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 30, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Net Zero Target
Employees