Probiotec (ASX: PBP) did a sale and leaseback a few doors down (79-85 Cherry Lane) in August 2008 realising $24.5m which included some capital works on the buildings.
That was for 15,200 sqm of shed on about 31,500 sqm of land and the deal was struck on a yield of 6.4%. If you back out the buildings at $1,300 cost per sqm, you're left with implied land value of about $150/sqm.
This site is 238,100 sqm of land with a few smaller buildings, so applying that same land value would net $35.7m at a minimum, which is about what they paid for it back in 2015. Suspect they have $10m+ of debt against it so question is what the lenders will do if the spice stops flowing.
- Forums
- ASX - By Stock
- APW
- Ann: Market Update
Ann: Market Update, page-3
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add APW (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.61 |
Change
0.000(0.00%) |
Mkt cap ! $71.45M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | $1.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.64 | 1250 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 1.550 |
1 | 12000 | 1.500 |
1 | 10860 | 1.495 |
1 | 2000 | 1.140 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
1.640 | 1250 | 1 |
1.650 | 12400 | 1 |
1.680 | 2185 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.29pm 30/08/2024 (20 minute delay) ? |
Featured News
APW (ASX) Chart |
Day chart unavailable
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online