Property for Industry Limited (NZX: PFI) Carlaw Park Divestment

Property for Industry Limited is pleased to announce the divestment of the Company’s mixed-use Carlaw Park property in Parnell, Auckland, to a private investor.

Colliers International marketed the property, which has been sold for a gross sales price of $110.0 million. The property was last valued in December 2020 at $102.4 million.

The divestment follows the completion of several asset management initiatives at the property and is one of the key planned divestments of PFI’s non-industrial properties.

Settlement of the divestment is scheduled to take place in the fourth quarter of 2021.

Further details will be provided when the Company announces its annual results on Monday, 22 February 2021.

Please see the link below for details:

Carlaw Park Divestment

Source: Property for Industry Limited

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

HGH Ltd Results for the 6 months ended 1 February 2026
March 27th Morning Report
CDC investor presentation and guidance update
PFI - Potential Bond Offer by PFI
MCY - Mercury Green Bond offer - interest rate set
March 25th Morning Report
AFT - Chief Financial Officer update
KMD Brands: Response to Stokehouse transaction concept
March 24th Morning Report
MCY - Mercury launches retail Green Bond offer