Property for Industry Ltd has bought MaxiTRANS Industries Ltd’s 2.4ha Takanini manufacturing & service facility for $17.2 million in a sale & leaseback deal negotiated by Ray White Commercial.
Property For Industry
Property For Industry Ltd more doubled its net profit after tax in 2018, from $51.7 million to $110.1 million.
Property for Industry Ltd settled the disposal of an industrial property at 50 Parkside Rd at Gracefield in Wellington on Wednesday.
NZX-listed Property for Industry Ltd has bought an industrial property at 12 Hautu Drive, Wiri, for a net $12.3 million at a 5.35% yield.
Property for Industry Ltd will issue $100 million of 7-year senior secured fixed rate bonds next Monday.
NZX listed industrial property landlord Property for Industry Ltd said on Monday it was considering an offer of 7-year senior secured fixed-rate bonds to NZ institutional & retail investors.