News and Announcements
Unity Pacific Commences 308 Queen Street Sales Campaign
- Published February 12, 2016 10:13AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
10th February 2016, ASX Announcement
Unity Pacific Limited (ASX: UPG) (Unity Pacific) announces that the on-market expressions of interest sales campaign for its commercial investment property investment located at 308 Queen Street / 88 Creek Street (the Property) will commence tomorrow.
An information memorandum (IM) has been prepared and will be made available to interested parties by JLL, the sales agent appointed by Unity Pacific to manage the sales process. The IM contains detailed financial information in relation to the Property which has not previously been made publicly available. Information on the Property is also available at www.308queen.com.
As the Property is Unity Pacific’s last remaining investment property, the Property (less the associated debt facility) represents nearly 60% of Unity Pacific’s net tangible assets per security as at 31 December 2015. It also contributes significantly to Unity Pacific’s profit from operations and operating cashflows.
To read the full announcement, please click here.
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