Forsyth Barr increases Precinct exposure with $1.18m note purchase

16th March 2026 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

Forsyth Barr Investment Management has increased its holding in convertible notes issued by Precinct Properties New Zealand, lifting its interest above the 10% threshold.

A disclosure to NZX Limited shows the firm now holds 6.9 million of Precinct’s 7.56% convertible notes due September 2026, representing 10.615% of the 65 million notes on issue.

The position rose from 8.814% previously after the purchase of about 1.17 million notes on-market between 23 February and 12 March for roughly $1.18m.