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Precinct Properties New Zealand ( (NZ:PCT) ) has provided an update.
Forsyth Barr Investment Management Limited has lifted its substantial holding in Precinct Properties’ stapled ordinary shares to 10.192%, equivalent to 188,848,611 securities out of a total 1,852,849,352 on issue. This marks an increase from 9.183% reported in October 2025, reflecting significant on-market purchases, participation in a capital raise, and portfolio transfers within its discretionary investment management services and managed funds, underscoring continued institutional support for Precinct’s listed property platform.
Between October 2025 and early May 2026, FBIM executed on-market sales and larger on-market purchases, alongside off-market transfers in and out of discretionary investment management accounts, and acquired more than 21 million securities through a capital raising. The enlarged position confirms FBIM’s role as a key institutional shareholder, potentially improving liquidity in Precinct’s securities and signalling confidence in the company’s long-term property investment strategy to other market participants.
More about Precinct Properties New Zealand
Precinct Properties New Zealand is a listed property company focused on commercial real estate, with its stapled securities representing interests in Precinct Properties NZ and Precinct Properties Investments. The group primarily invests in and manages premium office and mixed-use properties, targeting institutional and retail investors in the New Zealand market.
Average Trading Volume: 1,740,915
Technical Sentiment Signal: Sell
Current Market Cap: N$2B
Learn more about PCT stock on TipRanks’ Stock Analysis page.