Announcement
GENERAL: ARG: Unconditional sale of Omahu Road, Hastings
03:50pm
ARG
13/04/2021 15:50
GENERAL
NOT PRICE SENSITIVE
REL: 1550 HRS Argosy Property Limited
GENERAL: ARG: Unconditional sale of Omahu Road, Hastings
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 -
End CA:00370582 For:ARG Type:GENERAL Time:2021-04-13 15:50:30
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