Argosy Property Limited has reported a full year portfolio revaluation loss of $146.4 million for the 12 months to 31 March 2023, a 6.4% decrease on book value.
The decrease was offset in many cases by increases in market rents, with a premium attached to green buildings.
Peter Mence, CEO of Argosy, said that the focus on green property assets has shown clear benefits in tenant demand and relative value.
The valuations remain subject to audit by Deloitte and will be confirmed on 17 May 2023.
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