Property For Industry buys Wellington site for $15.3 million

Tue, 08 Jul 2014

By Suze Metherell July 8 (BusinessDesk) - Property For Industry, which increased its portfolio by two-thirds last year through a merger with Direct Property Fund, will spend $15.3 million on a Wellington property after selling $12.2 million worth of non-core properties in the first-half. The Auckland-based property investor has entered into an unconditional agreement to buy the 14,995 square metre Hutt Park Road site which is currently being developed by Kea Property Group, the company said in a statement. Property For Industry has leased...

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