Argosy Settles Acquisition of 240 Puhinui Road

Argosy (NZX:ARG) has today confirmed that it has settled the acquisition of the prime industrial property at 240 Puhinui Road in Wiri, Auckland. The new design/build property has the identical design and specifications to the very high, modern standard of the adjacent Argosy owned property at 19 Nesdale Avenue. Both properties are occupied by Cardinal Logistics with matching 15 year leases in place. -ENDS- Enquiries Peter Mence Chief Executive Officer Argosy Property Limited Telephone: 09 304 3411 Email: pmence@argosy.co.nz Dave Fraser Chief Financial Officer Argosy Property Limited Telephone: 09 304 3469 Email: dfraser@argosy.co.nz Scott Lunny Investor Relations Manager Argosy Property Limited Telephone: 09 304 3426 Email: slunny@argosy.co.nz End CA:00293700 For:ARG Type:ASSET Time:2016-12-02 10:29:41