- 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
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