The industrial property play has settled half its purchase of a 5.8ha block at Spedding Road industrial estate, after Oyster Property snapped up its Christchurch and New Plymouth properties.
Property for Industry says it deposited $18.32 million this week with Oyster Capital to settle the first tranche of a deferred agreement for a 5.8-hectare site at Spedding Road industrial estate at Whenuapai.
That was while the ink was still drying on last week's sale of two of its longer-held