27 Aug 2012

Hornby building sold for $10m

12:51 pm on 27 August 2012

DNZ Property Fund has unconditionally sold an industrial building for $10 million in Christchurch.

The property in Hornby had a put/call option where DNZ held the option to require the tenant to purchase the property, with the tenant also holding the option to require DNZ to sell the property.

The company says this option has been exercised.