News: MGR Mirvac Says Secures Suncorp As Major Tenant For Brisbane Asset

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    July 16 (Reuters) - Mirvac Group (MGR) :

    • MIRVAC SECURES SUNCORP AS MAJOR TENANT FOR BRISBANE ASSET
    • MIRVAC HAS ENTERED INTO AN AGREEMENT WITH M&G ASIA PROPERTY FUND FOR SALE OF A 50 PER CENT INTEREST IN 80 ANN STREET
    • MIRVAC WILL PAY M&G A COUPON RATE OF 5.25 PER CENT THROUGHOUT CONSTRUCTION PERIOD
    • TOTAL CONSIDERATION FOR 50 PER CENT INTEREST OF COMPLETED DEVELOPMENT IS $418 MILLION
    • M&G WILL FUND 50 PER CENT OF DEVELOPMENT COSTS VIA A FUND THROUGH AGREEMENT THROUGHOUT CONSTRUCTION PERIOD
    • HAS ALSO EXERCISED A PUT-AND-CALL OPTION WITH WEE HUR TO ACQUIRE 80 ANN STREET FOR A TOTAL CONSIDERATION OF $79 MILLION
 
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Last
$2.37
Change
0.040(1.72%)
Mkt cap ! $9.351B
Open High Low Value Volume
$2.35 $2.38 $2.34 $31.18M 13.17M

Buyers (Bids)

No. Vol. Price($)
3 103388 $2.36
 

Sellers (Offers)

Price($) Vol. No.
$2.38 59134 7
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