48 Seaview Road, Wellington Divestment

48 SEAVIEW ROAD, WELLINGTON DIVESTMENT Property for Industry Limited (PFI, the Company) is pleased to announce the divestment of the Company's 48 Seaview Road property in Seaview, Wellington. Bayleys marketed the property, which has been unconditionally sold for a gross sales price of $10 million. The property was last valued in June 2021 at $8.875 million. Settlement of the divestment is scheduled to take place in February 2022. ENDS ABOUT PFI & CONTACT PFI is an NZX listed property vehicle specialising in industrial property. PFI's nationwide portfolio of almost 100 properties is leased to around 135 tenants. For further information please contact: SIMON WOODHAMS Chief Executive Officer ---- Phone: +64 21 749 770 Email: woodhams@pfi.co.nz CRAIG PEIRCE Chief Finance and Operating Officer ---- Phone: +64 21 248 6301 Email: peirce@pfi.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:00384420 For:PFI Type:TRANSACT Time:2021-12-09 11:25:23