Brief: Property For Industry Finalises Agreement To Buy Industrial Property In Auckland

Property for Industry

14/08/2019 07:11

Aug 14 (Reuters) - Property for Industry Ltd  PFI.NZ :
    * FINALISED AN AGREEMENT TO PURCHASE AN INDUSTRIAL PROPERTY
TO BE
DEVELOPED AT TIDAL ROAD IN MANGERE, AUCKLAND
    * PROPERTY WAS PURCHASED IN OFF-MARKET TRANSACTION FOR NET
PURCHASE PRICE OF NZ$34.2 MILLION
    * PROJECT IS ESTIMATED TO PROVIDE PFI A 5.35% RETURN

Source text for Eikon:  ID:nNZS4r91a 
Further company coverage:  PFI.NZ 

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