Property for Industry loses $1.4m offloading poor investment
The Lower Hutt property was contaminated with asbestos.
NZX listed Property for Industry (PFI) has settled the sale of a Lower Hutt property at a $1.4 million loss.
The asbestos-contaminated site at 50 Parkside Road, Gracefield was purchased in 2005 for $4.8m and settled today for $3.4m.
Some of the buildings can't be used because they don't meet
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