Brief: Stride Property Says Entered Conditional Agreement To Sell Properties To Investore Property
18/11/2019 20:28
Nov 19 (Reuters) - Stride Property Ltd SPG.NZ :
* ENTERED INTO A CONDITIONAL AGREEMENT TO SELL THREE LARGE
FORMAT
RETAIL PROPERTIES TO INVESTORE PROPERTY LIMITED FOR NZ$140.75
MILLION
* TO COMPLETE SOME SEISMIC STRENGTHENING WORK ON PROPERTIES,
PROVIDE RENTAL UNDERWRITE FOR UP TO 2 YRS FOR 4 SPECIALTY
TENANCIES
* SPL EXPECTS TRANSACTION TO SETTLE DURING APRIL 2020
Source text for Eikon: ID:nNZSkGFa
Further company coverage: SPG.NZ
((Reuters.Briefs@thomsonreuters.com;))
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