- Release Date: 01/08/14 09:20
- Summary: ASSET: ARG: Argosy Property Sells Waitakere Mega Centre
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ARG 01/08/2014 09:20 ASSET REL: 0920 HRS Argosy Property Limited ASSET: ARG: Argosy Property Sells Waitakere Mega Centre Argosy Property Limited today announced the unconditional sale of the Waitakere Mega Centre at the current book value of $45.75m to a Christchurch based investor. The sale, which settles in March 2015, will reduce the company's retail property weightings to within the targeted 15 to 25% band. As part of the Argosy's asset allocation strategy announced in 2013, the targeted asset allocation to retail property was reduced and the Waitakere property was designated as non-Core as part of the individual property strategy reviews this year. Argosy will continue to manage the property in consultation with the Purchaser in the period up to settlement. - END - 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:00253376 For:ARG Type:ASSET Time:2014-08-01 09:20:31
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