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Precinct Properties New Zealand, widely recognised as Precinct Properties, stands as the leading owner, manager, and developer of premium commercial real estate across New Zealand. Headquartered in NZ, the company's core operations focus on prime central business district (CBD) locations, primarily in Auckland and Wellington.
Established in 1994, Precinct specialises in delivering sophisticated office and retail environments. It provides comprehensive real estate services including property ownership, innovative development, and expert leasing, setting industry benchmarks with iconic projects like Auckland’s Commercial Bay and Wynyard Quarter.
As New Zealand's only listed property company dedicated to premium CBD assets, Precinct prioritises sustainable design and long-term value creation. The firm’s commitment to providing exceptional business and retail premises solidifies its position as a dominant force in the NZ commercial property market.
+15 vs industry average
Precinct Properties New Zealand’s score of 44 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Real Estate Services has above-average carbon intensity
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Scope 3 accounts for ••• of total emissions.
Precinct Properties New Zealand, a real estate services company headquartered in NZ, reported total carbon emissions of approximately 51.1 million kg CO2e in 2025. This included about 1.7 million kg CO2e from Scope 1 emissions, and approximately 49.1 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 were capital goods (about 29 million kg CO2e), use of sold products (approximately 14.2 million kg CO2e), and downstream leased assets (about 7.4 million kg CO2e). In 2024, the company's Scope 1 emissions were approximately 2.4 million kg CO2e, Scope 2 market-based emissions were about 14,000 kg CO2e, and Scope 3 included significant contributions from purchased goods and services (about 4.2 million kg CO2e) and downstream leased assets (approximately 1.8 million kg CO2e). For 2023, Scope 1 emissions were about 1.55 million kg CO2e and Scope 2 location-based emissions were approximately 1.38 million kg CO2e, with downstream leased assets being a notable Scope 3 category at about 2.41 million kg CO2e. Earlier data shows total emissions of approximately 4.2 million kg CO2e in 2022 and about 4.8 million kg CO2e in 2021, though detailed scope breakdowns are not available for these years.
Precinct Properties New Zealand has demonstrated climate commitment by committing to a near-term Science Based Target initiative (SBTi) target and a net-zero target, as reported on 2024-03-07. This commitment is specific to Precinct Properties NZ Ltd & Precinct Properties Investments Ltd.
No climate goals have been disclosed for Precinct Properties New Zealand yet.
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