Friday 4th December 2020 |
Text too small? |
On 25 November 2020 Stride Property Limited (SPL) announced that it had entered into a conditional agreement to acquire a premium grade office property at 20 Customhouse Quay, Wellington. SPL is pleased to announce that this acquisition, for a purchase price of $228 million, is now unconditional, with all conditions having been satisfied. The acquisition is expected to settle on 18 December 2020.
This acquisition follows the acquisition of the office building at 215 Lambton Quay, Wellington, known as Grant Thornton House, for $84.5m, which settled on 30 November 2020.
These two acquisitions take SPL’s office portfolio to $571 million, with a 5.8 year WALT, on a pro forma basis as at 30 September 2020.
See the link below for more details:
SPG - Office Acquisition Now Unconditional - 041220.pdf
Source: Stride Property Ltd & Stride Investment Management Ltd
No comments yet
Chatham Rock Phosphate Limited (NZX: CRP) Chatham Successfully Completes Private Placement
Turners Automotive Group Limited (NZX: TRA) Upgrades FY21 Earnings Guidance
Blackwell Global Holdings Limited (NZX: BGI) Restructure of Business Operations
Vista Group International Limited (NZX: VGL) Vista Group appoints James Miller as Independent Director
Rakon Limited (NZX: RAK) Update of FY2021 Earnings Guidance
The a2 Milk Company Limited (NZX: ATM) Organisational Announcement
Reserve Bank of New Zealand Committed to Action as It Responds to Data Breach
MHM Automation Limited (NZX: MHM) Settlement of New Plymouth Building Sale
Napier Port Holdings Limited (NZX: NPH) First Quarter 2021 Trade Volumes
New Zealand Oil & Gas Limited (NZX: NZO) Mahato PSC Update - Oil Production