Argosy Property Limited
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About Argosy Property Limited
Argosy (ARG) was listed in 2002 (previously named ING Property Trust) with a portfolio of two Auckland office buildings and in June 2005 completed the takeover of Urbus Properties. Management was internalised in 2011 and in 2012 it converted from a trust to a company. ARG currently has 64 investment properties valued at NZ$1.41bn. Its portfolio is diversified across office, retail and industrial assets and regionally weighted to Auckland (68%). ARG has a number of noncore assets to sell, which will be recycled in to higher quality asset acquisitions/developments.