Investore secures 12-year lease commitment from Mitre 10

Investore Property Limited (Investore) has agreed to a new 12-year lease with Mitre 10 (New Zealand) Limited over the property at the corner of Te Irirangi Drive and Bishop Dunn Place, Auckland, from November 2017. As at the date of this announcement, this transaction represents 3.6% of portfolio contract rental? and extends the weighted average lease term (WALT) from 14.0 years to 14.5 years. Note: ? Portfolio contract rental is the amount of rent payable by each tenant, plus other amounts payable to Investore by that tenant under the terms of the relevant lease, annualised for the 12 month period on the basis of the occupancy level for the relevant property, and assuming no default by the tenant. Ends For further information please contact: Mike Allen, Chairman, Investore Property Limited Mobile: 021 606 134 - Email: mike.allen@investoreproperty.co.nz Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited as manager of Investore DDI: 09 913 1150 - Mobile: 021 536 406 - Email: jennifer.whooley@strideproperty.co.nz Philip Littlewood, General Manager Investment Management, Stride Investment Management Limited as manager of Investore DDI: 09 913 1122 - Mobile: 021 230 3026 - Email: philip.littlewood@strideproperty.co.nz End CA:00296866 For:IPL Type:GENERAL Time:2017-02-16 14:34:41