Albany Lifestyle Centre
1 ⸺
Argosy Property Limited (Argosy or the Company) has today confirmed that the
settlement will not take place as planned today.
Argosy Chief Executive Officer Peter Mence said “We have been advised that the
purchasers, Cook Property Group Limited who nominated APF Nominee Limited as
custodian for Augusta Property Fund are unable to settle the unconditional sale &
purchase agreement. Given the unprecedented times we’re currently in, we are in
discussions with the purchasers to retain the contract on foot and defer settlement for
three months. Argosy will retain the $4.5 million non-refundable deposit and will continue
to receive rental income from the property.”
− END −
Market Update
27 March 2020
Albany Lifestyle Centre
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
Stephen Freundlich
Head of Investor Relations
Argosy Property Limited
Telephone: 09 304 3426
Email: sfreundlich@argosy.co.nz
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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