BEC 0.00% 33.0¢ becton property group

Even more good newsIf they can manage this project after selling...

  1. 1,185 Posts.
    lightbulb Created with Sketch. 103
    Even more good news
    If they can manage this project after selling will be a great bonus.

    But it doesnt matter how much they do, the market dont want to know about this companies.

    Am I the only one thats optimistic?






    11 June 2010
    ASX Statement / Media Release
    Becton Property Group Extension of debt facilities
    The Becton Property Group Limited (Becton or the Group) Funds Management business
    has negotiated extensions of two debt facilities with Westpac Banking Corporation (Westpac):
    a facility of $21.75 million in the Southlands Boulevarde Property Trust (Southlands Facility)
    and a facility of $69.15 million in the Becton Retail Fund (Retail Fund Facility). Both facilities
    were to expire on 11 June 2010.
    Both facilities have been extended to 12 July 2010 to allow for the settlement of the sale of
    Southlands Boulevarde Shopping Centre, announced to market on 16 April 2010. Proceeds of
    sale will be applied to fully repay the Southlands Facility and reduce the debt on the Retail Fund
    Facility.
 
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Currently unlisted public company.

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