2 May 2013

Precinct allowed to buy Queen St property

12:23 pm on 2 May 2013

The Overseas Investment Office has allowed Precinct Properties to buy Number One Queen Street in Auckland.

The company, which was formerly known as AMP New Zealand Office Trust, says the purchase of the property for $103 million is now unconditional.

The purchase brings the total number of properties that Precinct owns in the central business districts of Auckland and Wellington to 16.