$55 Billion APAC Private Equity Group PAG Buys 50% Stake in New Zealand Auckland PwC Tower at $344 Million (NZD 600 Million) Valuation from New Zealand $1.1 Billion Precinct Properties Group in New Investment Partnership, Precinct Properties Group Will be Investment & Asset Manager
19th June 2026 | Hong Kong
Asia-Pacific private equity group PAG ($55 billion AUM) has announced to buy 50% stake in New Zealand Auckland PwC Tower at $344 million (NZD 600 million) valuation from New Zealand Precinct Properties Group ($1.1 billion market value) in a new investment partnership. Precinct Properties Group will be the investment & asset manager. PAG – PAG is a leading alternative investment firm focused on APAC with three core businesses: Credit & Markets, Private Equity, and Real Assets. PAG Real Assets is one of Asia-Pacific’s largest and most experienced real estate investment platforms. It aims to deliver attractive risk-adjusted returns by focusing on sectors and markets where it has local presence and a demonstrated track record of success. Founded in 1997 as Secured Capital Japan, PAG Real Assets has invested more than $48 billion in Asia-Pacific, acquiring and managing over 7,800 properties. PAG manages capital on behalf of nearly 300 institutional fund investors, including some of the most sophisticated global asset allocators. PAG has 15 key offices globally, and over USD55 billion in assets under management. Precinct – Listed on the NZX, Precinct is a long-term owner, developer and manager of real estate in New Zealand’s largest city centres, Auckland and Wellington. Precinct is dedicated to enabling sustainable and successful businesses through the combination of its development expertise, city centre knowledge, residential development experience and capital partnering platform. As long-term owners we recognise the importance of creating places where people want to spend time which is why we are committed to delivering premium, mixed-use places that contribute to a vibrant, inclusive city.
“ $55 Billion APAC Private Equity Group PAG Buys 50% Stake in New Zealand Auckland PwC Tower at $344 Million (NZD 600 Million) Valuation from New Zealand $1.1 Billion Precinct Properties Group in New Investment Partnership, Precinct Properties Group Will be Investment & Asset Manager “
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$55 Billion APAC Private Equity Group PAG Buys 50% Stake in New Zealand Auckland PwC Tower at $344 Million (NZD 600 Million) Valuation from New Zealand $1.1 Billion Precinct Properties Group in New Investment Partnership, Precinct Properties Group Will be Investment & Asset Manager
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