20 Dec 2012

Argosy issues $80m worth of new shares

7:55 am on 20 December 2012

Property landlord Argosy Property has successfully issued $80 million worth of new shares to investors.

Argosy is raising $100 million to partly fund the acquisition of the former Ministry of Defence building and New Zealand Post's headquarters in Wellington.

The shares have been issued at 88 cents each.

The company will also raise $20 million from existing shareholders.