Media Centre

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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Precision Group's MacArthur Central Shopping Centre is set to treat purveyors of luxury experiences to an exciting new shopping offering with the redevelopment of MacArthur Central's Edward Street frontage.
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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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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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The Sydney-based Precision Group is buying Zurich’s Brisbane office building for $49 million.
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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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