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- Release Date: 29/04/14 14:16
- Summary: GENERAL: ARG: Argosy Portfolio Valuation Update
- Price Sensitive: No
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ARG
29/04/2014 12:16
GENERAL
REL: 1216 HRS Argosy Property Limited
GENERAL: ARG: Argosy Portfolio Valuation Update
Argosy Property Limited today announced an increase in the value of its
property portfolio of $33.5 million (+2.8%) for the year ended 31 March 2014,
following completion of valuations for each property.
The revaluation gain increases the value of the portfolio to $1.226 billion.
The increased property values were spread broadly across the portfolio and
reflect improved rental growth expectations. Industrial, office and retail
property values increased by 2.5%, 2.8% and 3.3% respectively.
The valuations have been conducted by independent Valuers and are still
subject to formal confirmation from the external auditors as part of the 31
March 2014 full-year audit.
- ENDS -
Press enquiries
Peter Mence
Chief Executive Officer
Argosy Property Limited
Telephone: 09 304 3411
Email: [email protected]
Dave Fraser
Chief Financial Officer
Argosy Property Limited
Telephone: 09 304 3469
Email: [email protected]
Scott Lunny
Investor Relations Manager
Argosy Property Limited
Telephone: 09 304 3426
Email: [email protected]
End CA:00249857 For:ARG Type:GENERAL Time:2014-04-29 12:16:20
