Property for Industry completes Neilson Street site acquisition

Property for Industry (NZX:PFI) announced the settlement of its acquisition of a site located at 316 Neilson Street in Penrose, Auckland, effective February 28, 2025. The initial announcement regarding the intent to purchase this site was released on February 14, 2025. In related news, PFI Director Jeremy Andrew Simpson disclosed an on-market purchase of 15,000 ordinary shares in PFI on February 27, 2025, for a consideration of $32,175. This transaction increased Simpson's holdings from 45,000 to 60,000 shares, held through Forsyth Barr Custodians Limited. PFI is an NZX-listed property vehicle specializing in industrial properties, with a nationwide portfolio of 91 properties leased to approximately 124 tenants.