Carlaw Park Divestment

NZX and media
announcement
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10 February 2021


Page 1

CARLAW PARK DIVESTMENT
Property for Industry Limited (PFI, the Company) is pleased to announce the divestment of the
Company’s mixed-use Carlaw Park property in Parnell, Auckland, to a private investor.

Colliers International marketed the property, which has been sold for a gross sales price of $110.0
million. The property was last valued in December 2020 at $102.4 million.

The divestment follows the completion of several asset management initiatives at the property and is
one of the key planned divestments of PFI’s non-industrial properties.

Settlement of the divestment is scheduled to take place in the fourth quarter of 2021.

Further details will be provided when the Company announces its annual results on Monday, 22
February 2021.

ENDS



















ABOUT PFI & CONTACT

PFI is an NZX listed property vehicle specialising in industrial property. PFI’s nationwide portfolio of 95 properties is leased to
149 tenants.

For further information please contact:

SIMON WOODHAMS CRAIG PEIRCE
Chief Executive Officer Chief Finance and Operating Officer
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Phone: +64 21 749 770 Phone: +64 21 248 6301
Email: woodhams@pfi.co.nz Email: peirce@pfi.co.nz
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Property for Industry Limited
Shed 24, Prince’s Wharf, 147 Quay Street, Auckland 1010
PO Box 1147, Shortland Street, Auckland 1140
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www.propertyforindustry.co.nz