Property for Industry Limited (NZX: PFI) Strategic Avondale Acquisition, Tidal Road Update

Property for Industry Limited (NZX: PFI) Strategic Avondale Acquisition, Tidal Road Update
Wednesday 23rd December 2020
Property for Industry Limited is pleased to announce the acquisition of the industrial properties located at 670-680 Rosebank Road in Avondale, Auckland and wishes to provide an update on the industrial properties to be acquired at Tidal Road in Mangere, Auckland.
Strategic Avondale Acquisition
PFI has agreed to acquire the industrial properties located at 670-680 Rosebank Road in Avondale, Auckland. Located on a 2.8ha site, there are four buildings leased to two tenants: NZ Comfort Group Limited and Dunlop Flooring Limited.
PFI already owns neighbouring industrial properties on Rosebank and Patiki Roads. When combined with these sites, an industrial estate of 8.6ha valued in excess of $110 million will be created, just 250 meters from the North Western motorway system. This is a strategic acquisition that presents PFI with a longer-term opportunity to create value by integrating the property with the Company’s existing holdings.

Related Keywords

Mangere , New Zealand General , New Zealand , Avondale , , Hotmail , Nz Comfort Group , Dunlop Flooring , Property For Industry , Yahoo , Industry Limited , Tidal Road , Group Limited , North Western , New Zealand Government , புதியது ஜீலாந்து ஜநரல் , புதியது ஜீலாந்து , அவொண்டலே , ஹோட்மைல் , ந்ஸ் ஆறுதல் குழு , டன்லப் தரையையும் , ப்ராபர்டீ க்கு தொழில் , யாகூ , தொழில் வரையறுக்கப்பட்டவை , அலை சாலை , குழு வரையறுக்கப்பட்டவை , வடக்கு மேற்கு , புதியது ஜீலாந்து அரசு ,