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Ross Makris and Shaun Bonett used to be the best of friends and business partners. The BRW Rich 200 list members formed
Adelaide property developer Precision Group 15 years ago and started buying and developing shopping
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In
November 2017, Precision acquired a 9 percent share in the data analytics technology startup SkyFii. In June 2018, the group began a $ 45 million redevelopment of the Port Adelaide Plaza mall.
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Precision Group was founded in 1994 by Shaun Bonett. Bonett originally worked closely with Ross Makris, who owned a separate company of a similar name. It made its first major
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largest retail flagship store in
Australia in Precision Group's MacArthur Central in Brisbane. Roger joined precision group around the same time.
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In May 2017, it announced it would sell two stakes worth $ 800 million from two of its properties in search of a joint venture partner.
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Precision Group chief executive Shaun Bonett has just refinanced a $ 90 million office tower in
Brisbane with the Bank of China.
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via a property swap transaction with
Investa Property Group. The total value of the swap transaction was $ 186 million.
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The company is also an investor for
Prezzee, a gift card company that became a financial "
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397:"David Jones announces $ 85 million sale of Adelaide Central Plaza development"
508:"Precision Group mulls deal for Arena's Chevron Renaissance shopping centre"
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715:"Shaun Bonett's Prezzee becomes Australia's newest $ 1bn tech 'unicorn'"
661:"Precision Group's BRW Rich Lister Shaun Bonett Eyes $ 400m Asset Sale"
605:"Another Rich Lister Backs Shopping Centre Technology Start-Up SkyFii"
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of
Queensland for $ 74 million from Arena Investment Management.
633:"How a Shopping Centre Owner Targets Consumers in $ 133m Revamp"
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Manning, Paddy (25 May 2006). "Precision-Investa swap sealed".
288:"Precision Seeks Stores Partner as Shaun Bonett Eyes New Deals"
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687:"Precision's $ 85m NZ deal boosts appetite for offshore plays"
527:"Bank of China backs Gold Coast centre: Apple a likely tenant"
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370:"Shopping centre magnate Shaun Bonett took risks early on"
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along with the adjacent
Customs House office building in
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82:Level 25, 9 Castlereagh Street Sydney, Australia
545:"Get the FIRB out of here, says Precision boss"
347:"Clarification of Past "Precision Group" Usage"
182:as a development project for $ 85 million from
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782:Australian companies established in 1994
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229:In May 2016, Precision Group purchased
525:Cranston, Matthew (27 February 2015).
506:Cranston, Matthew (16 December 2014).
211:In January 2014, Precision developed
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56:Property Investment & Management
713:Stensholt, John (13 October 2021).
420:"Precision swaps offices for shops"
349:. Precision Group. 23 November 2016
772:Real estate companies of Australia
603:Kitney, Damon (22 November 2017).
224:Surfers Paradise on the Gold Coast
130:is an Australian private property
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659:Cranston, Matthew (23 May 2017).
577:"North Shore mall sold for $ 90m"
479:"Apple reveals flagship location"
459:Wilmot, Ben (29 September 2011).
178:In 1999, Precision then acquired
132:investment and management company
777:Shopping center management firms
218:In 2015 Precision purchased the
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665:The Australian Financial Review
638:The Australian Financial Review
631:Lenaghan, Nick (13 June 2018).
550:The Australian Financial Review
531:The Australian Financial Review
512:The Australian Financial Review
314:Stensholt, John (27 May 2010).
202:Global financial crisis in 2009
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166:from a syndicate managed by
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424:Australian Financial Review
418:Allen, Lisa (25 May 2006).
321:Australian Financial Review
286:Wilmot, Ben (24 May 2017).
189:In 2006 Precision acquired
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231:Shore City Shopping Centre
156:Port Canal Shopping Centre
138:. Founded in the 1990s by
767:Companies based in Sydney
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461:"Asian lenders step up"
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241:for NZ$ 90 million.
752:Property Management
222:Shopping Centre in
220:Chevron Renaissance
184:David Jones Limited
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582:New Zealand Herald
316:"Once were united"
553:. 25 October 2012
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140:Shaun Bonétt
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79:Headquarters
73:Shaun Bonétt
45:Company type
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491:18 February
239:New Zealand
152:acquisition
761:Categories
698:24 October
588:24 October
557:23 January
403:24 October
381:24 October
327:28 October
270:References
115:.precision
88:Key people
134:based in
670:8 August
644:8 August
616:8 August
353:8 August
299:8 August
258:See also
235:Auckland
195:Brisbane
174:Timeline
53:Industry
724:2 March
429:19 July
334:centres
252:unicorn
213:Apple's
146:History
108:Website
69:Founder
61:Founded
48:Private
136:Sydney
98:&
726:2022
700:2016
672:2018
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117:.com
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119:.au
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
