July 15 (Reuters) - Peet Ltd (PPC) :
- Peet acquires 1,100-lot residential project in QLD (PPC)
- Established a new wholesale fund with Peet and Supalai public company, each
being 50% co-investors
- Peet will act as the development manager for the fund
- Wholesale fund has acquired residential estate in Redbank Plains, Queensland
to create a 1,100-lot residential master-planned community
- Says total acquisition price for the properties is $37.45 million
- Says medium-term outlook for the Queensland residential market remains
positive
- Estate is already developing and selling, it is expected to contribute to FY
2017 earnings"
News: PPC Peet acquires 1,100-lot residential project in Queensland
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Mkt cap ! $601.7M | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.50 | $1.44 | $270.6K | 183.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1485 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 191 | 1 |
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