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Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Industre Property Joint Venture Growth Continues


Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Industre Property Joint Venture Growth Continues
Wednesday 16th December 2020
Stride Property Group is pleased to advise that the Industre Property Joint Venture (Industre) has entered into an unconditional agreement to acquire an industrial property at 48-60 Wilkinson Road, Ellerslie, for $54m.
This acquisition builds on the four acquisitions already completed by Industre since it commenced operations on 1 July 2020 and takes the total value of property acquired by Industre since commencement to $99.5m. Following this acquisition, the Industre portfolio of industrial properties will be valued at $553m (on a pro forma basis, based on 30 September valuations plus completed acquisitions and developments). ....

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