Argosy sells two non-core sites for $9.3 mln

Tue, 06 Sep 2016

By Edwin Mitson Sept. 6 (BusinessDesk) - Argosy Property has announced the sale of two sites for a combined total of $9.3 million. A retail site at 28-30 Catherine Street in the Henderson area of Auckland has been sold for $6 million, 7.1 percent above its book value of $5.6 million. In a statement, Argosy said, "the location of this retail property will become increasingly challenging." The transaction will complete on 30 June next year. An industrial property in Palmerston North, 44 Neil Lane, has also been sold for $3.3 million, 5...

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