39 Edmundson Street, Napier Divestment

39 EDMUNDSON STREET, NAPIER DIVESTMENT

Property for Industry Limited (PFI, the Company) is pleased to announce the divestment of the Company’s 39 Edmundson Street property in Napier.

Colliers marketed the property, which has been unconditionally sold for a gross sales price of $5.25 million, representing a yield of 4.7%. The property was last valued in December 2021 at $4.64 million.

Settlement of the divestment is scheduled to take place mid-July 2022.

ENDS

ABOUT PFI & CONTACT

PFI is an NZX listed property vehicle specialising in industrial property. PFI’s nationwide portfolio of 97 properties is leased to around 133 tenants.

For further information please contact:

SIMON WOODHAMS
Chief Executive Officer
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Phone: +64 21 749 770
Email: [email protected]

CRAIG PEIRCE
Chief Finance and Operating Officer
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Phone: +64 21 248 6301
Email: [email protected]

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Property for Industry Limited
Shed 24, Prince’s Wharf, 147 Quay Street, Auckland 1010
PO Box 1147, Shortland Street, Auckland 1140
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www.propertyforindustry.co.nz

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Announcement PDF