Tag: auckland_commercial_property
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Precinct Abandons Downtown Car Park Development, Returns $153m to Shareholders
Precinct Properties will not proceed with its Downtown Car Park development, citing inflation and high long-term interest rates, and will return about $153 million to shareholders through a capital return and buyback.
BusinessReal EstateFinancial MarketsEconomy Precinct PropertiesDowntown Car Parkshare buybackcapital returnshare consolidationAuckland commercial propertydividend