PLG 0.00% 2.3¢ pearl gull iron limited

June 6 (Reuters) - Propertylink Group (PLG) Propertylink...

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    June 6 (Reuters) - Propertylink Group (PLG)

    • Propertylink divests 320 pitt street for $275 million
    • FY2017 guidance of distributable earnings of 6.67 cents per security & distribution of 6.321 cents per security reconfirmed
    • Propertylink office partnership II fund entered into a contract with ara Australia and Straits real estate for sale of 320 Pitt Street
    • Completion of sale is expected to occur in July 2017 and will generate a performance fee of approximately $17.9 million to propertylink
    • Performance fee from sale will contribute $12.5 million after tax to distributable earnings in fy2018
 
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