Argosy Agrees 9-Year Lease at 82 Wyndham Street

MARKET RELEASE

Argosy has today announced that it has successfully reached an agreement to lease
approximately 2,657 square metres of space across two floors at 82 Wyndham Street in central
Auckland to Panuku Development Auckland, an Auckland Council organisation.

The lease is for a term of 9 years, with a break clause (with penalty) at 6 years, and will
commence in August 2017.

The top floor of the building is leased to long term tenant Boffa Miskell on a recently renewed
lease leaving one 1,575 square metre floor available. The remaining floor is being marketed for
lease, with good enquiry, and will be available for occupation in the second half of FY18.

Argosy is completing an extensive $9 million refurbishment of the entire building. The upgrade
is being completed to a high standard including a minimum 4 Green Star¹ built rating and is
targeting a 4 Star NABERSNZ² energy efficiency rating.

Following the upgrade, the building will provide very efficient, cost effective space and an
attractive working environment for tenants. New services will include facilities to encourage
cycling to work, an increase in the building’s fresh air supply, a smart lighting system linked to
automatic blinds, a window film that improves solar conversion, a variable refrigerant flow air
conditioning system and the latest water saving and metering systems to enable usage to be
measured for NABERSNZ.


¹Green Star rating tools have been developed by the NZGBC (New Zealand Green Building
Council) as a way of predicting the energy use and environmental impact of a building from the
design phase to completion.
²The NABERSNZ rating system is based solely on the actual energy use of existing buildings.


-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


4 April 2017


ARGOSY AGREES 9-YEAR LEASE AT 82 WYNDHAM STREET