The Precision Group was founded in 1994 by Shaun Bonétt, and has grown to become one of the most successful private property investment companies in Australia and New Zealand.
Following the initial purchase, development and sale of smaller retail properties, in 1998 Precision Group purchased Port Canal Shopping Centre and the adjacent Customs House office building in Port Adelaide. Subsequently in 1999, Precision Group acquired Adelaide Central Plaza as a development project, with the Centre completed in 2000 incorporating a five level David Jones department store.
Precision Group began to diversify its property holdings in 2003/4 with the acquisition of commercial properties in Brisbane at 144 Edward Street and 160 Ann Street, followed by the purchase of the Victory Hotel in Brisbane’s CBD and the White Horse Hotel in Sydney’s Surry Hills.
In the largest ever commercial property swap to be undertaken in Australia at that time, Precision Group swapped 160 Ann Street in exchange for Brisbane's MacArthur Central Shopping Centre in 2006. In the same year Precision Group acquired Pran Central Shopping Centre in Melbourne, bolstering the company’s retail property portfolio.
Precision Group has progressed over the last decade with a primary focus on retail property, undertaking various redevelopments and acquisitions.
Precision’s Vision is to develop and perfect our expertise in property ownership, development and management techniques. We will aspire to ‘Best Practice’ in all areas and become leaders in all our chosen business endeavours. We will deliver innovative branding and marketing strategies that capitalise on what we do well.
The relationships we foster with our tenants, industry peers and the wider community are important to us. We will actively strive to enhance them all and to keep, and be known for keeping, integrity and the ‘human touch’ in all our business and community dealings.
We are committed to providing strong leadership with clarity, focus and encouragement to our people. We will provide each other with effective communication of organisational values, goals and business results and instil in each other a common sense of purpose and pride in being part of our business now and in the future.