Unconditional sale of 4 Henderson Place, Auckland

Argosy Property Limited (‘Argosy’) has today announced it has unconditionally sold 4 Henderson Place, in Auckland, for $39.75 million. The sale price reflects a premium of 16.6% above its book value as at September valuation. Argosy Chief Executive Officer Peter Mence said “This asset had been identified as a longer term development opportunity, however the premium to book value meant that a sale was a better option.” Settlement date is expected to be April 2026. The funds received will be used initially to reduce bank debt. END.