ARG
15/10/2014 08:48
ASSET
REL: 0848 HRS Argosy Property Limited
ASSET: ARG: Argosy Portfolio Revaluation
Argosy Property Limited today announced a $24.9 million (+2.1%) increase in
the value of its property portfolio for the six months ending 30 September
2014, following a portfolio review conducted by Colliers International,
acting as independent Valuer.
The value of the portfolio is now $1.22 billion, excluding properties held
for sale.
The increase in the property values is primarily due to firming of market
capitalisation rates since the last full valuation at 31 March 2014.
The independent desktop valuation was completed on all properties except for
those in Palmerston North, where it was agreed with the Valuer that there was
little evidence of significant change, and those held for sale.
End CA:00256422 For:ARG Type:ASSET Time:2014-10-15 08:48:52
