2025 Interim Results

“Precinct’s portfolio has continued to perform well over the first six months of the financial year, demonstrating the underlying resilience of our portfolio of assets against the backdrop of a prolonged weak New Zealand economy. Securing leasing transactions with a positive leasing spread reflects the quality of our office portfolio and the demand for premium-grade space. Trading performance at our Commercial Bay retail precinct has been encouraging with a consistent level of sales recorded demonstrating the high quality of the enhanced retail mix at the centre, a strengthening city centre and increased events taking place in Auckland.”