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Argosy Property Limited (NZX: ARG) 7WQ Insurance Claim Settled

Tuesday 15th December 2020

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Argosy Property Limited has announced it has settled its insurance claim with its insurers NZI and QBE in respect of earthquake damage at 7WQ relating to the Kaikoura earthquake, receiving $23.5 million plus GST as full and final settlement.

Peter Mence, CEO of Argosy said “It is very pleasing to have resolved the claim with insurers and avoided a drawn out legal process. We will update the market further at our FY21 financial results which will be announced in May 2021”.

See the link below for more details:

7WQ insurance claim settled

Source: Argosy Property Limited

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