20 Constance St & 2 Smart Rd New Plymouth Divestments

Property for Industry Limited (PFI, the Company) is pleased to announce the divestment of the Company's 20 Constance Street property in New Plymouth. Colliers marketed the property, which has been unconditionally sold to the existing tenant, Aviagen, for a gross sales price of $4.90 million. The property was last valued in June 2022 at $4.35 million. Settlement of the divestment is scheduled to take place late-October 2022. The Company has also entered into a conditional agreement to sell the adjacent property at 2 Smart Road, New Plymouth, with any further updates expected to be announced mid-October 2022. ENDS ABOUT PFI & CONTACT PFI is an NZX listed property vehicle specialising in industrial property. PFI's nationwide portfolio of 95 properties is leased to around 134 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:00399514 For:PFI Type:TRANSACT Time:2022-09-28 09:06:49