Media Centre

A $50m transformation of Port Adelaide Plaza shopping centre has been unveiled, with new fashion, beauty and retail outlets opening their doors for the first time as part of the official launch on Thursday.
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Property investment company Precision Group have announced a three-year strategic partnership with Life Education Australia. The partnership will contribute to Life Education’s goal to reach at least one million children by 2023, as well as supporting their teachers, families, and communities.
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Prezzee has won the Best Innovative retail firms in the 2021 Australian Financial Review.
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Australia has a new tech “unicorn”, with digital gift card business Prezzee hitting the coveted $1bn valuation mark thanks to surging revenue in the US and UK, and a new deal clinched with global payments giant MasterCard.
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Enter Prezzee, the digital gift card that has revolutionised the industry and put choice back in the hands of recipients all over the world. Consumers can buy, send and store Prezzee Smart eGift Cards from an ever-growing range of retailers.
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Shaun Bonett made his fortune in the 1990's Australian Real Estate Market with his company Precision Group. Today, his more recent venture, the global Digital Gift Card company Prezzee, is enjoying stellar success thanks in part to the network of shopping centres he acquired earlier in his career.
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Precision Group’s Port Adelaide Plaza will welcome 12 new stores in the final stage of its highly anticipated $50 million development, including a first to South Australia health and fitness concept – Blackbird Fitness. On completion, Port Adelaide Plaza will accommodate more than 70 stores and services.
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Precision Group CEO Shaun Bonett made his fortune in the 1990's Australian Real Estate Market. Today, his recent venture, global digital gift card company Prezzee, is enjoying stellar success thanks to part in the network of shopping centre he acquired earlier in his career.
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Home to Adelaide Central Plaza, Rundle Mall has been named Australia’s Retail Precinct of the Year at the National Retail Awards.
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A commercial property baron at 24, Precision Group billionaire Shaun Bonett has built his career on understanding the retail market. Now he's introducing Prezzee, the digital gift card platform that's changing the way we give.
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Sydney rich-lister Shaun Bonett’s $50m expansion of Port Adelaide Plaza is progressing towards its ‘grand finale’ with a new Asian supermarket and fitness centre to open within weeks.
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Precision Group’s Port Adelaide Plaza welcomes new stores Surf Dive ’n Ski, U-Cool Bubble Tea and S2 Thai Street Food.
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Surf Dive 'n Ski has opened a new store at Port Adelaide Plaza ahead of a swath of new store openings planned for later this year.
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Port Adelaide Plaza is the local community centre located within one of Adelaide’s most transformative precincts. Located just 13.7 kilometres from the Adelaide CBD and close to major arterial roads, the centre is set to be a destination of choice for convenience shopping in a safe and friendly environment. Read more in Build Australia.
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Rich lister Shaun Bonett is best known for his property holdings, but another venture that’s cashing in on the online shopping boom may well be his gift that keeps on giving.
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The team at Port Adelaide Plaza aims to reduce the impact of the environment by taking advantage of the natural resource of rainwater cascading off the centre's roof. Port Adelaide Plaza's brand new state-of-the-art amenities are now delivering sustainable luxury.
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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.
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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.
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Precision Group will soon switch on a second solar installation at Port Adelaide - at the Customs House commercial hub adjacent to Port Adelaide Plaza.
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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.
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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.
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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 COMING
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.” 
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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.
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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.
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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.
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Want to know what will work for retailing in the future?
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Prezzee has revolutionised the way Australians shop for presents and now it’s set to take the world by storm.
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We were delighted to give 7News Adelaide a behind the scenes look at the second stage of construction of the new Port Adelaide Plaza.
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Property owner Precision Group has recently welcomed a New World Metro store in its shopping centre Shore City in Auckland.
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A solar system spanning the size of nine tennis courts is the latest addition to the burgeoning retail scene in Port Adelaide.
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This year marks Precision Group’s 25th anniversary in business, and we have a lot to celebrate.
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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.
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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.
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A new Aldi supermarket will open in Port Adelaide tomorrow as part of the $45 million redevelopment of a major shopping centre.
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Somebody forgot to tell Rich Lister shopping centre owner Shaun Bonett that he is supposed to be feeling gloomy.
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The first stage of the new $45 million Port Adelaide Plaza shopping centre is set to open in April with six restaurants.
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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.
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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.
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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.
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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.
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As the owner of several large shopping malls around Australia, I know that retail stores cannot compete with the internet giants on their terms.
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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.
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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.
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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.
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BRW Richlister Shaun Bonett's Precision Group has snared two top-end retailers to launch flagship stores in Adelaide Central Plaza.
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Clarification of Past "Precision Group" Usage
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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.
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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.
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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).
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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.
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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.
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Australia faces a potential infrastructure crisis. There are concerns that our infrastructure services, a key determinant of growth, may not meet future economic challenges
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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.
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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.
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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.
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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.
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The Bank of China has backed the $75 million purchase of a Gold Coast shopping centre by Shaun Bonétt's Precision Group.
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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.
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Tiffany & Co put on a dazzling display last night for Adelaide’s glitterati to celebrate its arrival in town.
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Precision Group CEO & Managing Director, Shaun Bonett, discusses Brisbane's attributes and its growth potential over the next decade.
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LUXURY retailer David Jones is stepping up its women’s shoe department as part of a $35 million makeover of its Rundle Mall store
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Tiffany’s Adelaide store will become only its eighth in Australia, having already established a presence in Sydney, Melbourne, Brisbane and Perth
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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.
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THIS is the first look inside Apple's new flagship store in historic Macarthur Chambers in Brisbane's CBD.
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The heritage-listed MacArthur Chambers on Brisbane’s Edward Street is expected to be Apple’s flagship store for the next 15 years
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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 2014
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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 friends
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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.
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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 Brisbane
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Precision Group chief executive Shaun Bonétt has just refinanced a $90 million office tower in Brisbane with the Bank of China
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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.
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Shaun Bonétt's Precision Group has pocketed close to $28 million in an out-of-court settlement.
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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.
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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.
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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.
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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
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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.
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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.
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A young shopping Centre magnate started small and ended in the big time.
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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.
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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.
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The Precision Group has secured Woolworths to anchor its new Metro Chatswood shopping centre in Sydney"s northern suburbs.
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Precision Group's first foray into NSW has gained momentum, with Woolworths agreeing to anchor its Metro Chatswood Shopping Centre.
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Private Sydney investment group, Precision, has purchased one of Melbourne’s most recognised retail centres, Pran Central, from Walker Corporation for $34.5 million.
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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.
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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.
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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.
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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.
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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.
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The developer of Sydney’s new $361 million Chatswood transport interchange project, CRI Australia, has sold the retail component for an estimated $80 million.
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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.
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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.
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Precision Property Group has contracted to buy 160 Ann St from owner Zurich Australia Insurance for about $50 million, an 8 per cent yield.
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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.
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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 project
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Upmarket retailer David Jones will receive $85million from the sale of its flagship Adelaide Central Plaza retail development to a consortium of private investors.
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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.
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