Argosy: unconditional sale of 80 Springs Rd, Auckland

Argosy Property Limited (Argosy or the Company) has announced today it has unconditionally sold its industrial property at 80 Springs Road, Auckland. 

The sale price is $16.5 million or 2.3% above book value. The purchaser is an owner occupier.

Chief Executive Officer, Peter Mence said ‘We are pleased to announce the divestment of a second non Core asset in short succession in this case a vacant property, and to have again sold above book value. We think this demonstrates that the vendor market remains robust, underpinning the premium to book value we were able to achieve. We remain focused on delivering further progress on Argosy’s capital management plan.” 

Settlement is expected 27 August. 

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:

Metro Performance Glass FY26 Market Update
Devon Funds Morning Note - 13 March 2026
Devon Funds Morning Note - 12 March 2026
TCM - Financial Model
BRM - Scheme of Arrangement Update - NZ Commerce Commission
Devon Funds Morning Note - 11 March 2026
BGP - Full Year Results to 25 January 2026
BRM - Scheme of Arrangement Update - NZ Commerce Commission
The oil shock
Air New Zealand suspends FY2026 guidance