Tag: downtown_car_park
-
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