Market Update
1
03.04.2024
Unconditional sale of 8 Forge Way, Auckland
Argosy Property Limited (‘Argosy’) has today announced it has unconditionally sold 8 Forge Way, in
Auckland, for $35.2 million. The asset was considered non-core due to the highest and best use not
aligning with strategy.
The sale price reflects a premium of 1.1% above its book value (as at September valuation).
Settlement date is expected to be 25 March 2025. The funds received will be used initially to reduce
bank debt.
Over the last 12 months Argosy has sold four non-core assets. All sales have been at or above their
valuations.
END.
Peter Mence
Chief Executive Officer
09 304 3400
pmence@argosy.co.nz
Dave Fraser
Chief Financial Officer
09 304 3400
dfraser@argosy.co.nz
Stephen Freundlich
Head of Corporate Communications & Investor Relations
09 304 3400
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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