- Release Date: 04/08/15 16:08
- Summary: ASSET: ARG: Argosy announces disposal of non Core Property
- Price Sensitive: No
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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. - END - 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
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Ann: ASSET: ARG: Argosy announces disposal of non Core Property
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