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Stockland (ASX:SGP) is funding its share buy-back with the sale of its Melbourne office tower Riverside Plaza.
The tower has been sold to Dexus Wholesale Property Fund for $201.5 million.
Stockland bought the tower in 2000 and has refurbished 60 per cent of its floors over the past four years.
The property group says allowances for outstanding incentives totalling $7.9 million will be paid to Dexus and the net proceeds of $193.6 million represent a premium of $11.6 million or 6.4 per cent to the June 30 book value of $182 million.
Stockland (ASX:SGP) reported a full year net profit of $754.6 million this year.
News: Sells Riverside Plaza for $201.5m
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Last
$5.05 |
Change
-0.100(1.94%) |
Mkt cap ! $12.74B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.18 | $5.05 | $12.70M | 2.492M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2008 | $5.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.80 | 27690 | 7 |
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| Last trade - 15.59pm 20/11/2024 (20 minute delay) ? |
| SGP (ASX) Chart |
