Ann: ASSET: ARG: Argosy announces sale of vacant

• Release Date: 19/12/12 17:27
• Summary: ASSET: ARG: Argosy announces sale of vacant land in Palmerston North
• Price Sensitive: No
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ARG
19/12/2012 15:27
ASSET

REL: 1527 HRS Argosy Property Limited

ASSET: ARG: Argosy announces sale of vacant land in Palmerston North

Argosy Property Limited is please to announce the unconditional sale of 1.1
hectares of vacant land in Palmerston North.

The vacant land sold for $110 per square metre at a price of $1.2 million,
which is 59% above book value.

The sale is part of the Company's strategy of selling vacant land and
under-yielding property.
End CA:00231384 For:ARG    Type:ASSET      Time:2012-12-19 15:27:27