Oxygen Estate in Duns Creek, New South Wales (mortgagee in possession)
As announced on 25 March 2013 Wellington Capital Limited as Responsible Entity of the Premium Income Fund entered into a contract for the sale of the land at Oxygen Estate in Duns Creek, New South Wales as mortgagee in possession for $1.1 million payable over 12 months.
The purchaser was unable to meet its total commitment to the Fund of $1.1 million. Following negotiations and consideration of the alternatives agreement was reached to settle the matter. The Fund has received $875,000 in full and final settlement of the sale.
OCV
octaviar limited
