Settlement of 65 Hugo Johnston Drive

SETTLEMENT OF 65 HUGO JOHNSTON DRIVE Industrial property landlord, Property for Industry Limited (NZX: PFI, the Company), is pleased to announce the settlement of the sale of an industrial property at 65 Hugo Johnston Drive in Penrose. 65 Hugo Johnston Drive in Penrose Further to the announcement on 1 May 2017, PFI is pleased to announce the settlement of the sale of a vacant industrial property at 65 Hugo Johnston Drive in Penrose, for a gross sales price of $14.25 million. Further details Further details of this divestment will be provided during the Company's annual meeting, which will take place tomorrow, Thursday, 22 June at 11.00 am NZT at Eden Park in Auckland. The meeting will also be streamed via live webcast at http://edge.media-server.com/m/p/fcgev3xn, and if you cannot attend the live webcast, a recording will be available to view on PFI's website shortly after the conclusion of the live event. ENDS ABOUT PFI & CONTACT PFI is New Zealand's only listed company specialising in industrial property. PFI's portfolio of 83 properties located in Auckland, Hamilton, Mount Maunganui, Wellington and Christchurch, is leased to 144 tenants. For further information please contact: SIMON WOODHAMS General Manager --- Phone: +64 9 303 9652 Email: woodhams@propertyforindustry.co.nz --- CRAIG PEIRCE Chief Financial Officer and Company Secretary --- Phone: +64 9 303 9651 Email: peirce@propertyforindustry.co.nz --- Property for Industry Limited Shed 24, Prince's Wharf, 147 Quay Street, Auckland 1010 PO Box 1147, Shortland Street, Auckland 1140 --- www.propertyforindustry.co.nz End CA:00302899 For:PFI Type:TRANSACT Time:2017-06-21 15:35:43