Unconditional sale of Omahu Road, Hastings
1 ⸺
Argosy Property Limited (Argosy or the Company) has announced today it has
unconditionally sold its industrial property at 1478 Omahu Road, Hastings.
The sale price is $10.4 million, slightly below its $10.7 million book value. The purchaser is
a local investor.
Chief Executive Officer, Peter Mence said ‘Despite Covid-19, the domestic vendor
market remains firm. We will continue to progress our capital management initiatives for
assets which no longer meet our investment criteria.”
Settlement is expected to occur in September 2021.
− END −
Market Release
13 April 2021
Unconditional sale of Omahu Road, Hastings
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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