RESEND: Argosy lifts value of property portfolio by 2.1% in first half

Tue, 14 Oct 2014

By Suze Metherell Oct. 15 (BusinessDesk) - Argosy Property, New Zealand's fourth-largest listed property investor by market capitalisation, said the value of its portfolio rose by 2.1 percent in the first half. The portfolio's value increased $24.9 million to $1.22 billion in the six months ended Sept. 30, excluding properties up for sale, after a property review by Colliers International, the Auckland-based company said in a statement. "Firming market capitalisation rates" was the reason behind the increase, Argosy said. In its 2014...

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