Ann: Federation Centres announces four property sales, page-4

do we know whether these are Novion properties or FDC properties? I totally agree, why the hell are we selling at 15.5% to book value?

Details of the sales are:

• The Sub Regional centre Goulburn Plaza in New South Wales and convenience centre Katherine Oasis in the Northern Territory have been unconditionally sold to Charter Hall for a total of $94.9 million, representing a 12.3% premium to the combined book value. Settlement is expected later this month.
• The Sub Regional centre Westside Plaza in Broken Hill in New South Wales has been sold for $33.7 million, representing a 6.4% discount to book value. The unconditional sale to Sentinel Property Group is expected to settle later this month.
• The Sub Regional centre Mount Gambier Central in South Australia has been sold to a private investor for $24.5 million, representing a 15.5% discount to book value. The sale is expected to settle in November 2015, subject to execution of certain lease contracts.