39 Edmundson Street, Napier Divestment

39 EDMUNDSON STREET, NAPIER DIVESTMENT Property for Industry Limited (PFI, the Company) is pleased to announce the divestment of the Company's 39 Edmundson Street property in Napier. Colliers marketed the property, which has been unconditionally sold for a gross sales price of $5.25 million, representing a yield of 4.7%. The property was last valued in December 2021 at $4.64 million. Settlement of the divestment is scheduled to take place mid-July 2022. ENDS ABOUT PFI & CONTACT PFI is an NZX listed property vehicle specialising in industrial property. PFI's nationwide portfolio of 97 properties is leased to around 133 tenants. For further information please contact: SIMON WOODHAMS Chief Executive Officer --- Phone: +64 21 749 770 Email: woodhams@propertyforindustry.co.nz CRAIG PEIRCE Chief Finance and Operating Officer --- Phone: +64 21 248 6301 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:00393575 For:PFI Type:TRANSACT Time:2022-06-10 14:44:29