The good news is:
COF has exchanged a sales contract to divest 54 Marcus Clarke Street, Canberra ACT for a sale price of $23.0 million, reflecting a c.1.7% discount to the 31 December 2022 book value of $23.4 million.COF acquired the property in 2015 for $14.2 million, which has generated strong income returns, delivering over $7.0 million during the period of ownership, reflecting an IRR of c.11%.
54 Marcus Clarke Street is one of COF’s oldest buildings and this strategic sale will improve COF’s overall portfolio asset age and quality.
Good to see only a minor shortfall against book value. Also good that this minor shortfall was on an older building - there has been some concern that sales of newer office buildings may hide bigger falls on the older ones. We are not seeing that here..
The good news is:COF has exchanged a sales contract to divest 54...
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Last
$1.25 |
Change
0.000(0.00%) |
Mkt cap ! $743.6M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.24 | $706.9K | 569.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3800 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 14586 | 1 |
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| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| COF (ASX) Chart |