09 Dec 2020
Port Adelaide Plaza opened the second stage of its $50 million redevelopment on Thursday 3 December, with a new line up of specialty and food retailers offering customers convenience, choice and variety with fresh produce and free parking in one convenient location.Read More ⟶
18 Nov 2020
Financial Review Rich Lister Shaun Bonett's online gift card business Prezzee has launched in the US after inking 'white label' deals with companies such as Macy's, UberEats and Spotify.Read More ⟶
29 Sep 2020
Precision Group will soon switch on a second solar installation at Port Adelaide - at the Customs House commercial hub adjacent to Port Adelaide Plaza.Read More ⟶
14 Sep 2020
Rich Lister shopping centre billionaire Shaun Bonett has boosted his stake in the nation's biggest virtual gift card group, Prezzee, which has benefited from surging sales as the pandemic drives more consumers online.Read More ⟶
13 Sep 2020
Shore City, the North Shore of Auckland’s original major shopping centre, has secured a 15-year lease renewal from anchor tenant Farmers, and is welcoming back bookseller Whitcoulls as a major tenant. Read More ⟶
09 Sep 2020
A dozen new retail and food businesses are coming to Port Adelaide Plaza in November – as part of the ongoing $45m revamp – overcoming the uncertainty created by COVID-19 and buying into the area’s boom prospects. SEE THE LIST OF WHO’S COMINGRead More ⟶
23 Jul 2020
Billionaire shopping centre owner Shaun Bonétt wants Prime Minister Scott Morrison to start wearing a face mask and for their use to be mandatory in all public places nationwide to help battle the pandemic and remove confusion created by some retailers demanding their use while others do not.Read More ⟶
15 Jun 2020
Billionaire shopping centre owner Shaun Bonett has warned that Australia's relationship with China is in danger of deteriorating further unless "wise heads" on both sides reset the tone.Read More ⟶
28 May 2020
Precision Group launched their WELCOME BACK campaign last week to celebrate the reopening of more and more retail stores and to ‘welcome back’ both customers and retailers to their five shopping centres. Read More ⟶
21 May 2020
Billionaire shopping centre owner Shaun Bonett has accused large Australian and multinational retail groups seeking to abandon the traditional retail rent model in the commercial property sector of “reprehensible behaviour” that will damage the nation’s banks and undermine the superannuation system.Read More ⟶
11 May 2020
Retail property magnate Shaun Bonett says the post-COVID-19 crisis world will sharply accelerate the demise of “out of touch”, old-world retail behemoths as shoppers challenge retail stores like never before to offer unique customer experiences instead of just being transactional venues.Read More ⟶
01 May 2020
There’s a whiff of freedom in the air and Shaun Bonett is hoping for the best. The landlord, whose tenants include Apple, David Jones, JB Hi-Fi, Lululemon and Tiffany & Co, believes there’s a pent up demand.Read More ⟶
21 Feb 2020
After having passed almost 2 months in 2020, and another season of holiday shopping has gone by. With eCommerce slowly providing meaningful options to visiting traditional retail stores, more customers are turning to online shopping for its convenience and broader access to various products.Read More ⟶
Samantha McInnes, Centre Manager Port Adelaide Plaza said “Precision Group have identified their electricity usage as the most important contributor to their total greenhouse gas emissions. Because we own and manage our assets, we are not only focused on the operational requirements, we also understand the importance of strategic thinking and investing in our assets for today and tomorrow. The rooftop solar system at Port Adelaide Plaza will deliver measurable and long-lasting results.” Read More ⟶
18 Feb 2020
Precision Group has completed the installation of more than 2,000 solar panels atop of its Port Adelaide Plaza shopping centre complex. It will reduce CO2 emissions by 962 tonnes each year.Read More ⟶
28 Jan 2020
Aussie rich-lister Shaun Bonett, whose Precision Group owns Adelaide Central Plaza, has warned many of Australia’s retail stores are stuck in “bland land” and the uncompetitive will not survive. Read More ⟶
23 Dec 2019
Our CEO Shaun Bonétt says that our purpose is more than making a profit – it must be about investing in relationships, and embracing an ethical approach and commitment to excellence in all that we do.Read More ⟶
09 Dec 2019
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07 Dec 2019
Want to know what will work for retailing in the future? Read More ⟶
05 Dec 2019
Prezzee has revolutionised the way Australians shop for presents and now it’s set to take the world by storm.Read More ⟶
02 Dec 2019
We were delighted to give 7News Adelaide a behind the scenes look at the second stage of construction of the new Port Adelaide Plaza.Read More ⟶
25 Nov 2019
Property owner Precision Group has recently welcomed a New World Metro store in its shopping centre Shore City in Auckland. Read More ⟶
01 Oct 2019
A solar system spanning the size of nine tennis courts is the latest addition to the burgeoning retail scene in Port Adelaide.Read More ⟶
26 Sep 2019
This year marks Precision Group’s 25th anniversary in business, and we have a lot to celebrate. Read More ⟶
20 Sep 2019
Port Adelaide's first major retail investment in four decades is delivering with 98 per cent of the retail area and all six dining spots in the first stage of the $45 million expansion now leased.Read More ⟶
31 Jul 2019
A class action litigation funder backed by billionaire property developer Shaun Bonett, media investor John B. Fairfax and former NAB Executive Andrew Hagger is considering floating on the Australian Securities Exchange to enhance its ability to bank roll social justice causes.Read More ⟶
19 Mar 2019
A new Aldi supermarket will open in Port Adelaide tomorrow as part of the $45 million redevelopment of a major shopping centre.Read More ⟶
28 Feb 2019
Somebody forgot to tell Rich Lister shopping centre owner Shaun Bonett that he is supposed to be feeling gloomy.Read More ⟶
25 Feb 2019
The first stage of the new $45 million Port Adelaide Plaza shopping centre is set to open in April with six restaurants.Read More ⟶
22 Oct 2018
Former David Jones executive Tony Karp is aiming to more than double sales at e-gift card business Prezzee after being appointed chief executive and managing director.Read More ⟶
29 Aug 2018
PORT Adelaide was the humble beginnings of Australian rich-lister Shaun Bonett’s $1 billion property portfolio — two decades later, the city has the “best positive indicators” since 1998 and he’s returning to the Port to reinvest in his first major purchase.Read More ⟶
14 Jun 2018
One of Australia's wealthiest private landlords, Shaun Bonett, has launched a $45 million redevelopment of a Port Adelaide mall, one of the larger assets held by his Precision Group and acquired two decades ago.Read More ⟶
12 Apr 2018
The Australian retail sector is feeling the pain of tech-savvy global competitors that have set up in the local market and needs to transform or risk being left behind, rich-lister Shaun Bonett says.Read More ⟶
20 Feb 2018
As the owner of several large shopping malls around Australia, I know that retail stores cannot compete with the internet giants on their terms.Read More ⟶
22 Nov 2017
A technology company that boasts the likes of billionaire Bruce Gordon, Kathmandu founder Jan Cameron, the multi-millionaire White Family and Kerry Stokes’s former right hand man Peter Gammell among its investors has welcomed another rich lister to its ranks: property tycoon Shaun Bonett.Read More ⟶
24 May 2017
Sydney-based Precision Group has launched a process to find a joint venture partner on its two prized CBD retail assets, MacArthur Central in Brisbane and Adelaide Central Plaza, which are worth about $800 million in total.Read More ⟶
23 May 2017
Precision Group, owned by BRW Rich Lister Shaun Bonétt, is selling a $400 million, 50 per cent stake in two of Australia's best and most highly sought after CBD retail assets, saying the time is right to take some money off the table and reinvest.Read More ⟶
19 Jan 2017
BRW Richlister Shaun Bonett's Precision Group has snared two top-end retailers to launch flagship stores in Adelaide Central Plaza.Read More ⟶
23 Nov 2016
Clarification of Past "Precision Group" UsageRead More ⟶
01 Aug 2016
Property rich-lister Shaun Bonett's Precision Group is looking to make further investments offshore after finalising the $NZ90 million ($85m) purchase of an iconic shopping centre in New Zealand's biggest city.Read More ⟶
31 May 2016
Precision Group, owned by Sydney-based property entrepreneur Shaun Bonétt, has made its first New Zealand purchase, buying from Aviva Investors Asia Property fund. The deal was funded by Bank of China.Read More ⟶
21 Apr 2016
BRW Rich Lister Shaun Bonétt's Precision Group is in final due diligence to buy Shore City Shopping Centre in Auckland, New Zealand for more than $NZ90 million ($81 million).Read More ⟶
24 Feb 2016
Appointments: Rich-lister and property tycoon Shaun Bonétt’s Precision Group has beefed up its board with the appointment of former Westfield and Brambles chief financial officer Greg Hayes as a non-executive director.Read More ⟶
10 Feb 2016
BRW Rich lister Shaun Bonétt's Precision Group has joined the cluster of Brisbane office tower landlord's spending money to upgrade their buildings and attract tenants in a difficult market.Read More ⟶
18 Dec 2015
Australia faces a potential infrastructure crisis. There are concerns that our infrastructure services, a key determinant of growth, may not meet future economic challengesRead More ⟶
01 Dec 2015
Rich-lister and property tycoon Shaun Bonétt's Precision Group is investing a multi-million-dollar sum in a new application he believes will revolutionise the gift-card market in Australia.Read More ⟶
02 Sep 2015
One of Australia's wealthiest young property developers, Shaun Bonétt, is pleading with political interests to support the country's free trade agreement with China saying such foreign investment could be essential for underpinning property values.Read More ⟶
01 Jul 2015
BRW Rich Lister Shaun Bonétt's Precision Group has appointed a senior Chinese official and former non-executive director of the Bank of China, Dr Danhan Huang, to its board.Read More ⟶
28 May 2015
BRW Rich Lister Shaun Bonétt's Precision Group has purchased the Chevron Renaissance shopping centre on the Gold Coast - the last retail asset managed by Morgan Stanley's Arena Investment Management - For $74million.Read More ⟶
27 Feb 2015
The Bank of China has backed the $75 million purchase of a Gold Coast shopping centre by Shaun Bonétt's Precision Group.Read More ⟶
17 Dec 2014
Shaun Bonétt’s Precision Group is in due diligence to buy the last retail asset managed by Morgan Stanley’s Arena Investment Management in a deal worth more than $70 million.Read More ⟶
05 Dec 2014
Tiffany & Co put on a dazzling display last night for Adelaide’s glitterati to celebrate its arrival in town.Read More ⟶
02 Nov 2014
Precision Group CEO & Managing Director, Shaun Bonett, discusses Brisbane's attributes and its growth potential over the next decade. Read More ⟶
17 Jun 2014
LUXURY retailer David Jones is stepping up its women’s shoe department as part of a $35 million makeover of its Rundle Mall storeRead More ⟶
15 Apr 2014
Tiffany’s Adelaide store will become only its eighth in Australia, having already established a presence in Sydney, Melbourne, Brisbane and PerthRead More ⟶
17 Jan 2014
THE Church of Apple has finally thrown open its doors to the faithful in Brisbane's CBD, and worshippers of the famous fruit have flocked to get the first bite.Read More ⟶
15 Jan 2014
THIS is the first look inside Apple's new flagship store in historic Macarthur Chambers in Brisbane's CBD.Read More ⟶
03 Jan 2014
The heritage-listed MacArthur Chambers on Brisbane’s Edward Street is expected to be Apple’s flagship store for the next 15 yearsRead More ⟶
17 Oct 2013
A $35million upgrade of the Adelaide Central Plaza shopping centre and department store group David Jones' flagship outlet in South Australia is earmarked to be completed by October 2014Read More ⟶
Shoppers will be able to try on clothes in David Jones and check their look in a full-size "mirror" which can post a picture on Facebook or email it to absent friendsRead More ⟶
27 Aug 2013
The owner of Adelaide Central Plaza is negotiating with Louis Vuitton and Chanel for the luxury retailers to open new outlets in Adelaide, after securing Tiffany & Co as a tenant.Read More ⟶
24 Jul 2013
TAG Heuer, owned by French fashion house LVMH Moët Hennessy, is set to open its third flagship store in Australia at Precision Group’s MacArthur Central in BrisbaneRead More ⟶
25 Oct 2012
Precision Group chief executive Shaun Bonétt has just refinanced a $90 million office tower in Brisbane with the Bank of ChinaRead More ⟶
29 Sep 2011
Asian banks and institutions are taking a greater role in lending to Australia's commercial property sector as traditional lenders have pulled back and some foreign groups exit.Read More ⟶
30 Sep 2010
Shaun Bonétt's Precision Group has pocketed close to $28 million in an out-of-court settlement.Read More ⟶
11 Aug 2010
Today's promise by Julia Gillard that her government, if re-elected, will fund the majority of the cost for a rail link between Parramatta and Epping will tick a number of boxes for Labor.Read More ⟶
The Gillard government will make a push into western Sydney today with a promise to build the long-awaited $2.6 billion rail link between Parramatta and Epping.Read More ⟶
09 Jul 2010
For the first time, Brisbane inner city workers and residents can now access a full-line supermarket, with the opening of the newly refurbished Woolworths at MacArthur Central.Read More ⟶
01 Jul 2010
For the first time, Brisbane inner-city workers and residents can now access a full-line supermarket, with the opening of the newly refurbished Woolworths at MacArthur CentralRead More ⟶
16 Apr 2010
Being a medium sized, privately owned property investment business in a market dominated by larger publically listed companies could be regarded as a bit of a challenge.Read More ⟶
07 Oct 2009
Private Sydney investor Precision Group has announced that it will embark on a major $20 million upgrade of MacArthur Central Shopping Centre in Brisbane’s CBD.Read More ⟶
25 Sep 2008
A young shopping Centre magnate started small and ended in the big time.Read More ⟶
11 Jul 2008
Metro Chatswood, Sydney’s newest shopping centre is Australia’s first truly integrated retail complex, being created as part of the $360 million Chatswood Transport Interchange.Read More ⟶
17 Mar 2008
A Woolworths supermarket will anchor the Metro Chatswood Shopping Centre on Sydney"s lower North Shore, which is currently under construction as part of the Chatswood Transport Interchange development.Read More ⟶
14 Mar 2008
The Precision Group has secured Woolworths to anchor its new Metro Chatswood shopping centre in Sydney"s northern suburbs.Read More ⟶
19 Feb 2008
Precision Group's first foray into NSW has gained momentum, with Woolworths agreeing to anchor its Metro Chatswood Shopping Centre.Read More ⟶
13 Nov 2006
Private Sydney investment group, Precision, has purchased one of Melbourne’s most recognised retail centres, Pran Central, from Walker Corporation for $34.5 million.Read More ⟶
10 Nov 2006
Private Sydney-based investment group Precision has acquired Melbourne’s Pran Central retail centre from Walker Corporation for $34.5 million. The deal has been struck on a 6.5% yield.Read More ⟶
09 Nov 2006
Private investment group Precision, in a $34.5 million deal with Walker Corporation, has emerged as the buyer of the high profile Pran Central retail complex in a trendy Melbourne shopping district.Read More ⟶
26 May 2006
Brisbane’S first major commercial and retail building swap has finally been pulled off. Private Sydney investment group Precision said it had acquired MacArthur Central shopping in the CBD for $119.5 million.Read More ⟶
25 May 2006
Precision Group founder Shaun Bonétt is already planning how to reposition Brisbane’s MacArthur Central Shopping Centre, which he acquired yesterday for $119.5 million.Read More ⟶
The Precision Group and Investa Property Group have pulled off their $186 million swap deal in Brisbane, trading the MacArthur Central shopping centre for an office building at 160 Ann Street, plus cash.Read More ⟶
27 Sep 2005
The developer of Sydney’s new $361 million Chatswood transport interchange project, CRI Australia, has sold the retail component for an estimated $80 million.Read More ⟶
24 Jun 2005
Sydney-based private investment company The Precision Group has boosted its portfolio in Brisbane with the $22 million acquisition of the Victory Hotel in Edward St.Read More ⟶
20 Jun 2005
Sydney-based private investor Precision Group has snared Brisbane’s well-known Victory Hotel for $22 million one of the city’s biggest pub sales.Read More ⟶
27 May 2005
Precision Property Group has contracted to buy 160 Ann St from owner Zurich Australia Insurance for about $50 million, an 8 per cent yield.Read More ⟶
21 Oct 2004
Private investors are still forging into Brisbane’s strengthening office market, and the latest two deals are being wrapped up for close to $73 million.Read More ⟶
22 Feb 2000
The deal flow continues in the Adelaide property market, with retailer David Jones announcing it has entered into a formal contract for sale of the $85 million Adelaide Central Plaza projectRead More ⟶
Upmarket retailer David Jones will receive $85million from the sale of its flagship Adelaide Central Plaza retail development to a consortium of private investors.Read More ⟶
David Jones has raised $85 million by finally selling its Adelaide Central Plaza site for $85 million to a private consortium, the Precision Group of Companies.Read More ⟶