News: TOT Velocity Property Group Announces Sale Of Its Development Site In Queensland For $11.15M

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    July 29 (Reuters) - Velocity Property Group Ltd (VP7) :

    • VELOCITY PROPERTY GROUP ANNOUNCES SALE OF ITS DEVELOPMENT SITE, TWO27 IN PALM BEACH, QUEENSLAND FOR $11.15M
    • TOTAL NET PROCEEDS OF SALE ESTIMATED TO BE $4.6 MILLION
    • TOTAL NET PROCEEDS FORECASTED TO BE APPLIED TO DEBT REDUCTION OF 360 CAPITAL REIT'S CORPORATE LOAN NOTE
    • AT COMPLETION OF 15 CONTRACTS SETTLEMENTS, EXPECTS TO REDUCE ITS DEBT POSITION BY $15.4 MILLION
    • BOARD WILL UNDERTAKE A STRATEGIC AND OPERATIONAL REVIEW
 
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(20min delay)
Last
42.0¢
Change
0.000(0.00%)
Mkt cap ! $90.91M
Open High Low Value Volume
42.0¢ 42.0¢ 41.5¢ $14.13K 33.88K

Buyers (Bids)

No. Vol. Price($)
2 75208 41.5¢
 

Sellers (Offers)

Price($) Vol. No.
42.0¢ 63114 1
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Last trade - 15.12pm 29/07/2025 (20 minute delay) ?
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