330 Devon Street East Divestment

330 DEVON STREET EAST DIVESTMENT Property for Industry Limited (PFI, the Company) is pleased to announce the divestment of the Company's 330 Devon Street East property in New Plymouth. Bayleys marketed the property, which has been unconditionally sold for a gross sales price of $2.250 million, representing a yield of 5.4%. The property was last valued in December 2021 at $2.325 million. Settlement of the divestment is scheduled to take place mid-August 2022. PFI is also pleased to advise that marketing has commenced for the divestment of the Company's last significant non-industrial property. Following the completion of seismic works and the commencement of a new 20-year lease, Shed 22, 23 Cable Street in Wellington is being marketed by for sale by CBRE. 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 135 tenants. For further information please contact: SSIMON 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:00396104 For:PFI Type:TRANSACT Time:2022-07-29 09:59:27