Ann: Change in Ownership of Responsible Entity , page-10

re: Ann: Change in Ownership of Responsible E... hi,
the ann. referred to rrt usa only which research showed it was purchased for $290 millions dollars and put on the block two years latter for $220 million.
Lets say the loan is at 50% gearing and another $30 million went into fees expenses etc on the purchase.
This implies asset value orginally on $260 with write downs etc bring the value to $220 at 8% giving a protential rent income of $18 million while interest cost would be round $10 million.
Giving a respectable margin. That the loan is still being maintain while in adminstration logical would say the income is greater than cost. And to my opinion they are looking at 3 years cash return on investment.
cheers