News: APD APN Property updates on sale of property at premium to book value and fund update

Aug 11 (Reuters) - APN Property Group Ltd (APD) :

• Sale of property at premium to book value and fund update (APD)
• Deal for for $4.85 million
• Sale price reflects a premium of 9.6% to apn's July 2015 purchase price of

  $4.425 million

• Net sale proceeds will be applied to reduce debt in the first instance
• Masters nowra currently being marketed for sale while hungry jack's nowra and

  shell service centre nowra expected to be marketed for sale in coming months

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