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PFI — Property for Industry News Story

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Brief: Property For Industry Expects Annual Increase In Value Of Property Portfolio to NZ$1.32 Bln

Dec 13 (Reuters) - Property for Industry Ltd  PFI.NZ :
    * PROPERTY FOR INDUSTRY ANNOUNCES SALE OF CO'S 50 PARKSIDE
ROAD
PROPERTY IN WELLINGTON FOR GROSS SALES PRICE OF NZ$3.4 MILLION
TO PRIVATE INVESTOR
    * EXPECTED ANNUAL INCREASE IN VALUE OF PROPERTY PORTFOLIO AS
RESULT OF INDEPENDENT VALUATIONS OF ABOUT NZ$69 MILLION TO
NZ$1.32 BILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nNZS1Gbqa
Further company coverage:  PFI.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))

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