News & Media

22 October 2018 - Prezzee defends its e-gift card patch as PayPal looms
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.

29 August 2018 - Aussie rich-lister Shaun Bonett banks on Port Adelaide's transformation
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.

14 June 2018 - How a shopping centre owner targets consumers in $133m revamp
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.

12 April 2018 - Shaun Bonett tells retailers: Transform or Perish
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.

20 February 2018 - A landlord's conviction on retailing: Shaun Bonett
As the owner of several large shopping malls around Australia, I know that retail stores cannot compete with the internet giants on their terms.

22 November 2017 - Another rich lister backs shopping centre technology start-up SkyFii
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.

24 May 2017 - Precision seeks stores partner as Shaun Bonett eyes new deals.
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.

23 May 2017 - Precision Groups Shaun Bonett eyes $400m asset sale
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.

11 April 2017 - Hardy Brothers & Hugo Boss to open flagship stores in MacArthur Central
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.

19 January 2017 - BRW Richlister gains Pandora, Lululemon for Adelaide Central Plaza
BRW Richlister Shaun Bonett's Precision Group has snared two top-end retailers to launch flagship stores in Adelaide Central Plaza.

23 November 2016 - Media Release Precision Group
Clarification of Past "Precision Group" Usage

01 August 2016 - Precision's $85m NZ deal boosts appetite for offshore plays
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.

31 May 2016 - North Shore Auckland Mall sold for $90m
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.

21 April 2016 - Precision looks to Auckland for next acquisition
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).

24 February 2016 - Precision's Bonétt recruits ex-Westfield, Brambles CFO Greg Hayes
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.

10 February 2016 - Shaun Bonétt's Precision Group spends to lure Brisbane tenants.
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.

18 December 2015 - How to overcome our biggest hurdle to growth
Australia faces a potential infrastructure crisis. There are concerns that our infrastructure services, a key determinant of growth, may not meet future economic challenges.

1 December 2015 - Precision's Shaun Bonétt takes stake in e-gift app Prezzee
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.

2 September 2015 - Rich Lister Shaun Bonétt says China free trade will underpin property values
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.

1 July 2015 - Chinese banker appointed to Precision property board
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.

28 May 2015 - Morgan Stanley's Arena makes final $74 million Gold Coast property sale
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.

27 February 2015 - Bank of China backs Gold Coast centre: Apple a likely tenant
The Bank of China has backed the $75 million purchase of a Gold Coast shopping centre by Shaun Bonétt's Precision Group.

17 December 2014 - Precision Group mulls deal for Arena’s Chevron Renaissance shopping centre
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.

5 December 2014 - Glitterati out in force after long-awaited Adelaide store opening
Tiffany & Co put on a dazzling display last night for Adelaide’s glitterati to celebrate its arrival in town.

17 June 2014 - David Jones overhauls its women’s shoes department as part of $35 million Rundle Mall
LUXURY retailer David Jones is stepping up its women’s shoe department as part of a $35 million makeover of its Rundle Mall store

15 April 2014 - Plans for Adelaide’s first Tiffany and Co store on North Tce approved
Tiffany’s Adelaide store will become only its eighth in Australia, having already established a presence in Sydney, Melbourne, Brisbane and Perth

17 January 2014 - Queensland's biggest Apple store
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.

15 January 2014 - First look inside Apple
THIS is the first look inside Apple's new flagship store in historic Macarthur Chambers in Brisbane's CBD.

3 January 2014 - Apple takes big bite of Brisbane heritage (AFR)
The heritage-listed MacArthur Chambers on Brisbane’s Edward Street is expected to be Apple’s flagship store for the next 15 years

17 October 2013 - $35m upgrade planned for Adelaide Central Plaza
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.

17 October 2013 - David Jones part of $35m overhaul
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.

27 August 2013 - Luxury goods trio heads for SA
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.

24 July 2013 - Tag Heuer moves into Brisbane fashion hotspot
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.

25 October 2012 - Get the FIRB out of here, says Precision boss
Precision Group chief executive Shaun Bonétt has just refinanced a $90 million office tower in Brisbane with the Bank of China.

29 September 2011 - Asian lenders step up
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.

30 Sep 2010 – Chatswood development delays trigger $28m payout for Bonétt
Shaun Bonétt's Precision Group has pocketed close to $28 million in an out-of-court settlement.

11 August 2010 - Gillard hopes for commuter-led head of steam
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.

11 August 2010 - Gillard's $2b transport fix
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.

9 July 2010 - Brisbane CBD's first full-line supermarket
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.

July 2010 - MacArthur Central welcomes Brisbane CBD's first full-line Supermarket
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.

16 Apr 2010 - Precision Makes Perfect With Customer Relationships
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.

7 Oct 2009 – Precision announces $20 million refurbishment of MacArthur Central retail complex
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.

25 September 2008 - Precision timing pays off
A young shopping Centre magnate started small and ended in the big time.

11 Jul 2008 - Metro Chatswood Set to Become An Australian Retailing Icon
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.

17 Mar 2008 - Woolworths to Anchor Metro Chatswood Shopping Centre
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.

14 Mar 2008 - Development Attracts Woolworths
The Precision Group has secured Woolworths to anchor its new Metro Chatswood shopping centre in Sydney"s northern suburbs.

19 Feb 2008 - Interchange Site for Supermarket
Precision Group's first foray into NSW has gained momentum, with Woolworths agreeing to anchor its Metro Chatswood Shopping Centre.

13 Nov 2006 – Sydney Investor Snaps up Melbourne Mall
Private Sydney investment group, Precision, has purchased one of Melbourne’s most recognised retail centres, Pran Central, from Walker Corporation for $34.5 million.

10 Nov 2006 – Precision Picks up Pran Central
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.

9 Nov 2006 – Walker sells Pran Central
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.

26 May 2006 – Precision Gains MacArthur, With a Trade-In
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.

25 May 2006 – Precision Swaps Offices for Shops
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.

25 May 2006 – Precision-Investa Swap Sealed
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.

27 Sep 2005 – Precision Pays $80m for Retail Above Rail
The developer of Sydney’s new $361 million Chatswood transport interchange project, CRI Australia, has sold the retail component for an estimated $80 million.

24 Jun 2005 – Precision Wins Victory for $22m
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.

20 Jun 2005 – Precision Snatches Victory in Brisbane
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.

27 May 2005 – Private Investor Pays $50m for a Slice of CBD
Precision Property Group has contracted to buy 160 Ann St from owner Zurich Australia Insurance for about $50 million, an 8 per cent yield.

26 May 2005 – Precision Buys Brisbane Office
The Sydney-based Precision Group is buying Zurich’s Brisbane office building for $49 million.

21 Oct 2004 – Private Investors Chase Brisbane Offices
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.

22 Feb 2000 – David Jones Sells Central Plaza with Precision
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.

22 Feb 2000 – DJ’s Sale Nets $85m
Upmarket retailer David Jones will receive $85million from the sale of its flagship Adelaide Central Plaza retail development to a consortium of private investors.

22 Feb 2000 – DJs Sells Central Plaza Site
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.