Share
- Release Date: 03/12/12 12:03
- Summary: ASSET: KRK: Market Announcement - Sale of Harbour City Centre Building
- Price Sensitive: No
- Download Document 1.16KB
KRK
03/12/2012 10:03
ASSET
REL: 1003 HRS Kirkcaldie & Stains Limited
ASSET: KRK: Market Announcement - Sale of Harbour City Centre Building
The Directors of Kirkcaldie & Stains Limited (the "Company") refer to its
market announcement of 26 October 2012 whereby the Company announced that its
wholly owned subsidiary, Kirkcaldie & Stains Properties Limited, had entered
into a conditional sale and purchase agreement for the sale of the Harbour
City Centre building.
The agreement was conditional amongst other matters on the purchaser
completing, and confirming satisfaction with, a due diligence exercise by 5pm
30 November. The Company has not received confirmation from the purchaser
that this condition has been satisfied. The conditional contract remains in
place, however it may be terminated by either party on written notice to the
other party, unless a formal extension of the condition is agreed.
Details of the transaction remain subject to mutual obligations of
confidentiality between the parties.
ENDS
Falcon Clouston
Chairman
Kirkcaldie & Stains Limited
P O Box 1494 Wellington 6140
P: 04 472 5899
End CA:00230573 For:KRK Type:ASSET Time:2012-12-03 10:03:29
