Argosy Property Trust (NZSE:ARG) announced a private placement of 90,909,090 common shares at a price of NZD 0.88 per share for gross proceeds of NZD 80,000,000 on December 18, 2012. Institutional and other qualified investors will participate in the transaction. First NZ Capital Limited will manage the transaction. Transaction is expected to be closed on the same day.

On January 7, 2013, Argosy Property Trust closed the transaction.