{"id":170640,"date":"2026-02-26T03:55:41","date_gmt":"2026-02-25T20:55:41","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-profit-drops-on-property-devaluations-as-auckland-tower-advances\/"},"modified":"2026-02-26T04:28:21","modified_gmt":"2026-02-25T21:28:21","slug":"precinct-properties-profit-drops-on-property-devaluations-as-auckland-tower-advances","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-profit-drops-on-property-devaluations-as-auckland-tower-advances\/","title":{"rendered":"Precinct Properties profit drops on property devaluations as Auckland tower advances"},"content":{"rendered":"


\nPrecinct has 97% occupancy in its portfolio. Planning new 56-level Auckland twin-towers.
\n
\nSource : nzherald.co.nz\/Property
\nRead more…Precinct Properties profit drops on property devaluations as Auckland tower advances<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Precinct has 97% occupancy in its portfolio. Planning new 56-level Auckland twin-towers. Source :...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-170640","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Iog","jetpack-related-posts":[{"id":134917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-nz-drives-up-revenue-but-devaluations-push-profit-down\/","url_meta":{"origin":170640,"position":0},"title":"Precinct Properties NZ drives up revenue but devaluations push profit down","date":"February 23, 2023","format":false,"excerpt":"\r Big Auckland downtown retail complex and Defence House in Wellington were devalued.\r \r Source : nzherald.co.nz\/Property\r Read more...Precinct Properties NZ drives up revenue but devaluations push profit down","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172450,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-aims-for-50-office-pre-commitment-of-auckland-downtown-carpark-towers\/","url_meta":{"origin":170640,"position":1},"title":"Precinct Properties aims for 50% office pre-commitment of Auckland Downtown Carpark towers","date":"August 27, 2026","format":false,"excerpt":"\r Property devaluations pushed the company to an $8.2m net after-tax annual loss.\r \r Source : nzherald.co.nz\/Property\r Read more...Precinct Properties aims for 50% office pre-commitment of Auckland Downtown Carpark towers","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118208,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/income-up-but-precinct-properties-nzs-valuations-hit-by-pandemic-drop-66-3m\/","url_meta":{"origin":170640,"position":2},"title":"Income up but Precinct Properties NZ's valuations hit by pandemic, drop $66.3m","date":"August 13, 2020","format":false,"excerpt":"\r Precinct Properties' operating income rose in the past year but net profit after tax fell due to devaluations from the pandemic, particularly on big inner-city Auckland office blocks.The NZX-listed landlord with real estate valued...\r \r Source : nzherald.co.nz\/Property\r Read more...Income up but Precinct Properties NZ's valuations hit by pandemic,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172452,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-delays-second-tower-at-auckland-downtown-carpark-site-on-sluggish-residential-property-market\/","url_meta":{"origin":170640,"position":3},"title":"Precinct Properties delays second tower at Auckland Downtown Carpark site on sluggish residential property market","date":"August 28, 2026","format":false,"excerpt":"\r Scott Pritchard, Precinct: 'The residential market continues to be quite sluggish.'\r \r Source : nzherald.co.nz\/Property\r Read more...Precinct Properties delays second tower at Auckland Downtown Carpark site on sluggish residential property market","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/precinct-properties-wins-fast-track-draft-decision-for-twin-tower-auckland-skyscrapers\/","url_meta":{"origin":170640,"position":4},"title":"Precinct Properties wins fast-track draft decision for twin-tower Auckland skyscrapers","date":"July 8, 2026","format":false,"excerpt":"\r Towers of 55 and 45 levels are proposed on the Downtown Carpark site, on Fanshawe St.\r \r Source : nzherald.co.nz\/Property\r Read more...Precinct Properties wins fast-track draft decision for twin-tower Auckland skyscrapers","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23229,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/profit-up-13pc-for-precinct-properties\/","url_meta":{"origin":170640,"position":5},"title":"Profit up 13pc for Precinct Properties","date":"August 18, 2016","format":false,"excerpt":"\r Precinct Properties New Zealand, the listed commercial property investor, increased annual profit 13 per cent and lifted its guidance as it shifted its weighting to Auckland, where it sees long-term growth.Net profit rose to $138.2...\r \r Source : nzherald.co.nz\/Property\r Read more...Profit up 13pc for Precinct Properties","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/170640"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=170640"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/170640\/revisions"}],"predecessor-version":[{"id":170641,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/170640\/revisions\/170641"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=170640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=170640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=170640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}