Stride sells Property in Napier

Stride sells Property in Napier

Stride sells Property in Napier 07/12/2015

 

Stride Property Limited (Stride) has entered into an unconditional agreement to sell the property at 170-180 Taradale Road, Napier, for $4.3m. The property was valued at $4.25m as at 31 March 2015.

Stride’s Chief Executive, Peter Alexander, commented that “this sale is part of Stride’s ongoing strategy to divest non-core assets to fund new development and acquisition”.

 
Settlement is scheduled for 29 January 2016.
 


 
For Further Information Please Contact:
Tim Storey, Chairman, Stride Property Limited
Mobile: 021 633 089 – Email: tim.storey@strideproperty.co.nz

Peter Alexander, Chief Executive, Stride Property Limited
DDI: 09 913 1154 – Mobile: 0275 443 678 – Email: peter.alexander@strideproperty.co.nz

Jennifer Whooley, Chief Financial Officer, Stride Property Limited
DDI: 09 913 1150 – Mobile: 021 536 406 – Email: jennifer.whooley@strideproperty.co.nz

Stride Overview
Stride Property Limited (‘Stride’), formerly known as DNZ Property Fund Limited, owns one of New Zealand’s largest diversified investment property portfolios with $1,236.3m (value as at 30 September 2015 of $949.3m and the subsequent $287m acquisition of the 19 Large Format Retail properties) of commercial office, retail and industrial properties located in the main urban areas throughout New Zealand.

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