They own 2 and 10 Valentine. Not just 10 Valentine. 2 Valentine is a car park but with a DA for 28,000 SQM Build to Rent. Yet I'm saying next door the block of land has an FSR ratio I believe near 20 to 1, they only have a 10 to 1. They could resubmit the DA on LFL to Urban and double the value of 2 Valentine. For a REIT with Ungeared balance sheet they have all flexibility in world.
If you think it's an Office investment i think you're wrong. If your buying because of yield i think you're wrong. Bolton isn't silly.
Urban block of land is 2,800 SQM, for $42m, our is 3,900 SQM i believe or 3,500 for a 95m building and carpark. Haha. With DA optionallty. It's a gold mine.
Ann: Sale of 96 York Street Beenleigh, page-12
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AOF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.31 |
Change
0.010(0.77%) |
Mkt cap ! $214.5M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.32 | $1.29 | $136.1K | 105.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60000 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 750 | 1 |
View Market Depth
| Last trade - 15.45pm 05/07/2024 (20 minute delay) ? |
| AOF (ASX) Chart |