Ann: ASSET: ARG: Argosy announces settlement of s

• Release Date: 15/04/13 17:00
• Summary: ASSET: ARG: Argosy announces settlement of sale of land at Albany
• Price Sensitive: No
• Download Document  710B

					

ARG
15/04/2013 15:00
ASSET

REL: 1500 HRS Argosy Property Limited

ASSET: ARG: Argosy announces settlement of sale of land at Albany

Argosy Property Limited is pleased to announce it has settled the sale of the
vacant land known as E3 in Oteha Valley Rd, Albany. The block sold is that to
the west of the current Mitre 10 development.

The land sold for a price of $6 million.  An additional performance payment
of up to $600,000 may also be receivable from the purchaser.  The amount of
this payment, if any, should be determined in October.

The sale is part of the Company's strategy of selling vacant land and
under-yielding property.
End CA:00235204 For:ARG    Type:ASSET      Time:2013-04-15 15:00:53