Ann: ASSET: ARG: New Zealand Post Building Acquis

• Release Date: 13/03/13 11:15
• Summary: ASSET: ARG: New Zealand Post Building Acquisition Unconditional
• Price Sensitive: No
• Download Document  987B

					

ARG
13/03/2013 09:15
ASSET

REL: 0915 HRS Argosy Property Limited

ASSET: ARG: New Zealand Post Building Acquisition Unconditional

MARKET RELEASE

New Zealand Post Building Acquisition Unconditional

Argosy Property Limited ("Argosy") and New Zealand Post are pleased to
jointly announce that the sale and development agreements for New Zealand
Post House in Wellington have been successfully concluded and executed.

The acquisition will settle on 28th March with a subsequent development
period to provide a significant upgrade of the building to be completed by
January 2016. The development will be completed in stages with New Zealand
Post remaining in occupancy during the development period.

Argosy CEO Peter Mence said "We are very pleased to be able to work with New
Zealand Post to redevelop this building and to have New Zealand Post House as
a core property in the Argosy property portfolio".

- ENDS -
End CA:00234073 For:ARG    Type:ASSET      Time:2013-03-13 09:15:42