FilingReader Intelligence
Investore sells Woolworths Browns Bay for NZ$24.4m
August 25, 2025 at 10:01 AM UTC•By FilingReader AI
Investore Property Limited sold Woolworths Browns Bay at 24 Anzac Road, Auckland, for NZ$24.4 million, representing a 4.9% premium to book value.
The sale reduces Woolworths' weighting in Investore's portfolio from 59.3% to 58.5% by contract rental. Settlement is scheduled for September 1, 2025.
Proceeds will initially repay bank debt before being recycled into new investment opportunities as part of the company's tenant diversification strategy.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
NZX:IPL•New Zealand Exchange
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