ARG
04/08/2015 16:08
ASSET
NOT PRICE SENSITIVE
REL: 1608 HRS Argosy Property Limited
ASSET: ARG: Argosy announces disposal of non Core Property
Argosy has today announced the disposal of the non Core property at 65 Upper
Queen Street, Auckland for $6.5 million, a 1.6% premium to its current book
value.
The property has provided unsatisfactory returns over recent years, with two
floors vacant at the time of sale.
The purchaser will pay a licence to occupy fee of $48,750 per month until the
settlement date to enable the purchaser to undertake their fit-out.
Settlement is expected to take place in mid-December 2015.
The sale is in line with Argosy's strategy to divest non Core assets.
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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:00267917 For:ARG Type:ASSET Time:2015-08-04 16:08:44
