.
GDI Property Group Limited (ASX:GDI) has proposed the conditional sale of 233 Castlereagh St. in Sydney, for $156 million.The property and funds manager says the conditional put and call option deed represents an increase of $27 million compared to the independent valuation from 30 June this year.Managing Director Steve Gillard says the potential of the result validates the business model of buying well-located CBD office properties with multiple exit options.The company says that assuming the option is exercised settlement would be scheduled on or before 30 September next year.GDI Property reported a net profit of $12.9 million in the 2014 financial year.
{"streaming_server":"rtmp:\/\/s2svek4dh1hfyu.cloudfront.net\/cfx\...
Add to My Watchlist
What is My Watchlist?