Argosy Disposes of non Core Property Above Book Value
MARKET RELEASE
Argosy has today announced that it has disposed of the non Core industrial property at 67
Dalgety Drive in Manukau, Auckland for $6.85 million, a 44% premium to its most recent book
value.
The property has been purchased by a private company who will operate from the site. The
lease to the property’s current tenant, RLA Polymers Limited, is due to expire on 31 March
2017.
Settlement is expected to be completed on 28 March 2017.
-ENDS-
Enquiries
Peter Mence
Chief Executive Officer
Argosy Property Limited
Telephone: 09 304 3411
Email: pmence@argosy.co.nz
Dave Fraser
Chief Financial Officer
Argosy Property Limited
Telephone: 09 304 3469
Email: dfraser@argosy.co.nz
Scott Lunny
Investor Relations Manager
Argosy Property Limited
Telephone: 09 304 3426
Email: slunny@argosy.co.nz
20 March 2017
ARGOSY DISPOSES OF NON CORE PROPERTY ABOVE BOOK VALUE
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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