New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Stride Property (SPG) has announced that the sale of 22 The Terrace is now unconditional (NZ$29.4m, 7.1% yield) and has advised of the unconditional sale of two industrial assets from its Industre Property JV, at 22 Ha Crescent and 15 Ride Way.</li><li>The aggregated sale price of the two industrial properties is NZ$43.5m (22 Ha Crescent NZ$22m, 15 Ride Way NZ$21.5m).</li><li>SPG has stated that the sale of 22 The Terrace reduces pro-forma gearing to c.36%</li></ul>

Stride Property (SPG) has announced that the sale of 22 The Terrace is now unconditional (NZ$29.4m, 7.1% yield) and has advised of the unconditional sale of two industrial assets from its Industre Property JV, at 22 Ha Crescent and 15 Ride Way.The aggregated sale price of the two industrial properties is NZ$43.5m (22 Ha Crescent NZ$22m, 15 Ride Way NZ$21.5m).SPG has stated that the sale of 22 The Terrace reduces pro-forma gearing to c.36%

Stride Property (SPG): Asset Sales Update