Unconditional sale of Omahu Road, Hastings
GENERAL
Tue, Apr 13 2021 03:50 pm
Argosy Property Limited (Argosy or the Company) has announced today it has unconditionally sold its industrial property at 1478 Omahu Road, Hastings.
The sale price is $10.4 million, slightly below its $10.7 million book value. The purchaser is a local investor.
Chief Executive Officer, Peter Mence said ‘Despite Covid-19, the domestic vendor market remains firm. We will continue to progress our capital management initiatives for assets which no longer meet our investment criteria.”
Settlement is expected to occur in September 2021.
- END -
Announcement PDF
Markets News
Markets
Eden Bradfield: The pros and cons of Sky’s big deal
You'd best hope streaming and advertising revenue make up for the $1 purchase.
Markets
Market Close
Infratil and Ebos help drive NZ stocks higher
Infrastructure investor helped the sharemarket end the week on a positive note.
Markets
Bathurst fails to strike-out Talley's claims
Talley's is alleging Companies Act breaches by its coal JV partner.
