Property for Industry gives Carlaw Park $110m boot

Thu, 11 Feb 2021

Listed industrial property investor Property for Industry has sold its Carlaw Park development in Parnell for $110 million.The company said the divestment follows asset management initiatives at the property and is one of its key planned divestments of PFI’s non-industrial properties.The settlement will be in the fourth quarter of 2021.In December the company purchased new properties in Rosebank Rd in Avondale for $39 million.PFI will report its annual results on Feb. 22.Its shares were last trading at $2.92.

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