- Release Date: 13/03/13 11:15
- Summary: ASSET: ARG: New Zealand Post Building Acquisition Unconditional
- Price Sensitive: No
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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
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