Albany Lifestyle Centre sale unconditional
1 ⸺
Argosy Property Limited (Argosy) has today confirmed that the sale of the Albany Lifestye
Centre (ALC) is now unconditional.
Argosy Chief Executive Officer Peter Mence said “We’re extremely pleased to have the
local real estate funds manager successfully conclude their due diligence. The low
interest rate environment continued to support strong investor interest in the property. The
sale price of $87.5 million is at book value and we expect the proceeds will be applied
to value add developments in our pipeline.”
Settlement is expected on or around 30 April 2021.
− END −
Market Update
15 February 2021
Albany Lifestyle Centre sale unconditional
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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